what's OVRFLO?

OVRFLO is a DeFi protocol designed to unlock the liquidity and composability of fixed yield locked in Pendle Principal Tokens (PTs). Users deposit PTs into the protocol, instantly receiving liquid OVRFLO tokens equivalent to the PT's current principal value. The embedded fixed yield is separated into a non-cancellable, transferable Sablier stream NFT that delivers payments over time until PT maturity, backed by the underlying PT. This creates a novel collateral primitive for fixed yield streams, enabling them to be traded, held, or used in lending and other DeFi applications while providing immediate liquidity on the principal. By leveraging deterministic streams from Sablier, OVRFLO makes billions in idle PT yield productive and composable.

OVRFLO integrates with Sablier to stream fixed yield and use it as collateral.