> For the complete documentation index, see [llms.txt](https://docs.wandfi.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.wandfi.io/products/yield-vault-v2.md). # Yield-Vault V2 Yield-vault V2 is a yield trading product that upgrades from the IP-Vault. Yield trading allows users to achieve yield enhancement, interest rate arbitrage, and other functionalities by purchasing yield rights with a small amount of capital. The underlying asset of the yield trading product is a single asset. By standardizing and splitting the underlying asset into Principal Tokens (PT) and Yield Tokens (YT), the product separates principal and yield rights. This enables liquidity provision with a single underlying asset. Additionally, for assets with long-term yields, the product can be renewed to maintain continuous liquidity, offering convenience to users. Traditional Automated Market Maker (AMM) pools require initial liquidity injection to ensure a smooth trading experience, which imposes capital requirements during pool establishment. B-vault V2 introduces **Zero Liquidity Bootstrap**, allowing users to launch a vault with minimal upfront capital while maintaining trading efficiency. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.wandfi.io/products/yield-vault-v2.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.