Cleave Liquidity
Stage 1 of 5: Yield you can trade. Lock it in, or trade it.
Yield isn't just something you earn. Pick a live market, then lock a quoted yield or trade where it's heading. Live on Robinhood Chain.
A yield-bearing asset in a lending vault earns a rate that changes daily. Split it in two: one side targets a quoted yield to maturity, the other follows the rate.
Live market data is unavailable right now. Browse Markets to choose a current yield market.
Browse Markets →Implied APY is the rate the market prices today, before price impact. Rate now is the underlying's current variable rate.
Fixed Yield locks a quoted outcome toward maturity. Trading Yield gives you exposure to future yield — with the risk shown before you commit.
Step 1 of 3: Choose your strategy
Simulating two open positions on Day 57 of 175. Track real-time value accrual and streaming interest yield.
Lock a quoted yield or trade where it's heading — all in one asset, live on Robinhood Chain.
Sample data shown throughout. Built on Robinhood Chain.