Find out where the yield comes from
We study how lending markets and tokenized bonds produce yield, and why it moves from one protocol to the next when rates or liquidity change.
Yield, measured.
You answer for other people’s money. Every yield you show a client has to hold up when they ask where it comes from. We measure on-chain yield and bring it into regulated products.
0coupon Bond, our index strategy, is open to professional investors from €125K.
Bonds have a benchmark. On-chain yield doesn’t. So we’re building one.
Your clients compare every return with a T-bill or a bond index. On-chain yield has no yardstick like that yet, so most of the numbers you see can’t be checked. We work between the two markets: we find out where the yield comes from, measure the risk and build what a regulated product needs before it can use it.
365
Days in the 2025 backtest, each one read straight from on-chain data.
28
Instruments, with yield calculated by one method and compared across protocols.
34
Fixed-rate positions held to maturity and rolled, the way a bond portfolio runs.
From the 2025 backtest: a simulated portfolio, valued every day at historical market prices. Backtest 2025
An index strategy you can explain to your clients.
0coupon Bond invests in tokenized real-world assets and on-chain income. Written rules decide what goes into the index: short duration, high quality. Regulated partners issue and distribute it, and we advise the issuer on the strategy.
Target annual yield
10–12%
Indicative, not guaranteed.
Minimum investment
€125K
Professional investors only.
- 01
Book a call. We walk you through the structure, the costs and the partners.
- 02
Check the numbers. Read the 2025 backtest and bring your questions to the call.
- 03
Invest through a regulated partner. They issue the product. We advise them on the strategy.
Four ways we help you use on-chain yield. One method behind all of them.
See what each yield is made of
Our models split yield into base rate, protocol premium and duration spread. You also get on-chain Sharpe and Martin ratios, plus indices that follow the on-chain yield curve.
Plug it into your products
APIs and smart-contract integrations track NAV and yield, and the data flows straight into your reporting and audit. White-label modules fit ETPs, funds and tokenized portfolios.
Stay regulated from start to finish
Authorised partners structure, issue and list every product built on our models. Institutional custodians hold the assets, and independent firms verify them.
Where the yield comes from.
Three sources. We measure each one with on-chain data you can check.
- Real-world assets
Tokenized T-bills
Short-term government and corporate debt, on-chain.
- Stablecoins
Dollars that pay a yield
Backed by extra collateral or by hedged positions.
- Fixed rate
Principal tokens
A rate fixed until maturity, alongside funding and carry markets.
Regulated partners at every step. Numbers anyone can check.
Issuers and fund platforms
They structure and list the products, under the rules that apply to them.
Custodians
They keep the assets segregated, at institutional grade.
Auditors and law firms
They check the numbers and keep the setup compliant over time.
You can verify every model and yield figure we publish on-chain.
Let’s talk about yield.
Looking at 0coupon Bond, a partnership or a data integration? Write to us and we’ll set up a call to walk you through the numbers.
info@0var.xyz