Your rate stops moving here.
Floating rate is cheap today but was 11.82% eighteen months ago. hedged writes an interest rate swap against the lending position you already hold and settles it on-chain, every slot, atomically — so the number in your budget is the number you pay, whatever the market does next.
Fixing costs you 105bps today. That is the whole price.
What each side gets.
hedged is two roles sharing one formula — the same wallet can hold both at once.
Watch a swap settle, slot by slot.
Connect a position, lock a rate, then watch hedged pay away your floating accrual and pull in the fixed accrual every slot. Full walkthrough below.
Every rate is derived, not posted.
No order book to read, no counterparty to chase. The indicative fixed rate is priced from the expected floating rate plus transparent return, risk and utilisation spreads — firmed when you request. Receivers collect the fixed leg and pass the floating leg through, keeping the margin between them.
No capital posted
You never lock collateral with hedged. The swap settles against your existing position — nothing to escrow, nothing to liquidate.
No liquidations
There is no margin to call. Accruals settle every slot above a minimum floor — nothing to top up, nothing to liquidate.
Transparent by construction
The same formula prices every quote for every user. Read the spreads before you lock — the rate is the rate.
Fix your rate without leaving your position.
hedged plugs into the floating lending position you already hold. The swap runs against your real floating leg and settles into the same position every slot — no manual rebalancing.
Connect your lending position
hedged reads your live borrow or deposit on the lending market itself. The floating leg is your actual rate, not a proxy.
Lock a fixed rate by formula
Choose a tenor and a side. The indicative fixed leg is quoted on the spot; no capital leaves your wallet to open the swap.
Settled automatically, every slot
Each slot, hedged pays away your floating accrual and pulls the fixed accrual into the swap market — above a minimum, so dust never triggers a transaction. You never manage the interest on your loan.
Spin up a closed swap market.
Run a private, permissioned market for a specific desk or counterparty set — bespoke tenor and size, with pricing you set or the standard formula.
Your counterparties
Allowlist the addresses that can take the other side. The swap market is invisible to everyone else.
Custom tenor & size
Set a maturity and notional that fit the trade — not just the standard term grid.
Dealer-set pricing
Price the fixed leg yourself, or run the standard formula — your swap market, your spread.
Same on-chain method
Closed swap markets settle through the identical contracts. Private venue, public mechanics.