# About YieldFi
YieldFi is the **issuance, distribution, and intelligence layer** for tokenized yield products, built for **capital allocators, curators or asset managers, distribution partners, and portfolio managers**.
Today, almost every financial product lives offchain: opaque vehicles, delayed reporting, and fragmented distribution. YieldFi is building **programmable financial assets** that bring these markets onchain—where products become composable, auditable, and easy to integrate and distribute globally.
Like stablecoins upgraded money for the internet, **programmable vault tokens** upgrade financial products: they can **settle 24/7**, plug into DeFi as **collateral**, route through partners via **embedded distribution**, and expose live signals that traditional funds can’t—**NAV, APY history, TVL, exposure, leverage, liquidity ladders, proof of reserves, VaR, CVaR etc**.
This is the “stablecoin moment” for financial products: not just tokenizing ownership, but upgrading product behavior and transparency. YieldFi replaces monthly or quarterly, trust-me reporting with **real-time, verifiable analytics**, so allocators can monitor positions continuously and distributors can offer yield products with institutional-grade visibility from day one.
### Important Links
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YieldFi-issued tokens are **structured as debt instruments**. As a tokenholder, you do **not** acquire any legal or beneficial ownership interest in the underlying assets, and you do **not** participate directly in the profits or losses of those assets. Instead, you hold a contractual claim against the issuer.
Your claim is **contractually subordinated** under a **qualified subordination agreement**. In an insolvency scenario, this means tokenholder claims rank **below all non-subordinated creditors** but **above shareholders**. The issuer is not required (and may be prohibited) from making payments if doing so would cause or worsen insolvency, and tokenholders cannot demand payment in those circumstances.
For the complete description of investor rights, subordination terms, and risk factors, please refer to the applicable **prospectus**.
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