Getting started
Core concepts
Four primitives power every Jitter market. Understand how a single yield position becomes SY, then splits into PT and YT, and how LP pairs them in the AMM.
The split
Jitter markets are built around one idea: a yield-bearing position can be separated into principal and yield, and each side can be priced independently. Standardizing the asset first (as SY) means every market reuses the same PT/YT and AMM logic.
SY→PT+YT→LP
The four primitives
SY - Standardized YieldAdapters wrap assets such as sSUI into SY so markets share one interface.PT - Principal TokenThe principal claim, redeemable for par value at maturity.YT - Yield TokenThe floating yield and point exposure, separated from principal.LP - Liquidity PositionLiquidity in the PT/SY AMM that earns market trading fees.
Read them in order
SY comes first because it is the asset everything else is built on. Then PT and YT are the two halves of the split, and LP is how the two are paired back together in the pool.