Asceswap

AsceSwap is a programmable rate-market primitive for creating bounded, fully collateralized claims on observable rates.

It generalizes rate exposure into a simple financial structure: a market references a measurable rate over a defined observation window, applies a predefined payoff curve to the realized rate, and settles into two complementary claims: PAYOFF and RESIDUAL. Together, those claims always redeem to one unit of collateral, making the structure solvent by design.

The primitive can represent hedges, directional trades, caps, floors, ranges, straddles, and other custom rate-linked payoffs across benchmarks such as lending APYs, borrow APRs, funding rates, staking yields, treasury yields, credit rates, or externally observed reference rates.

In short:

AsceSwap is a bounded-payoff financial primitive for trading and hedging rate outcomes, where any observable rate can be transformed into collateralized, complementary claims through programmable payoff curves and deterministic settlement.