What is Spindle?

Spindle is a decentralized DeFi infrastructure platform—often referred to as middleware—that enables users to create fully customizable, risk-adjusted, automated yield-farming strategies called Smart Vaults. Users select preferred yield-generating protocols (like Aave, Curve, etc.), a risk model, and their individual risk appetite. The platform then automatically manages capital allocation, rebalancing, and compounding based on these parameters without any central custody

Spindle also introduces Principal Tokens (PT) and Yield Tokens (YT), allowing users to separate their capital from future yield. PT holders lock in fixed returns by redeeming at maturity, while YT holders enjoy variable, leveraged exposure to future rewards. Additionally, liquidity vaults (LPTs) enable users to earn trading fees and rewards alongside their yield position.

The platform is permissionless, composable, and non-custodial, operating entirely via smart contracts. Governance is fully community-driven through a DAO, with Stakers earning 80% of protocol-generated revenues and Smart Vault creators allowed to set transparent performance fees (capped at 20%).