> For the complete documentation index, see [llms.txt](https://docs.onre.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.onre.finance/onyc-in-defi/defi-opportunities/yield-trading.md).

# Yield Trading

Yield trading allows users to take directional positions on ONyc yield through structured yield markets and tokenized yield instruments. Rather than simply holding ONyc, users can trade implied yield exposure and participate in ONyc yield curves across supported venues.

Eligible activities include holding yield tokens and providing liquidity to yield markets. For LP positions, OnRe Points are only earned on the Yield Token (YT) portion of the position, not the full LP balance. YT balances update hourly to reflect current yield exposure.

### Supported Markets

Supported yield market activities are eligible for enhanced OnRe Points multipliers based on position type and strategy exposure.

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#### Exponent

[Liquidity Market](https://app.exponent.finance/en/liquidity/pool/onyc-10SEP26?clmm_address=D7kT5Hnwtf9f3P6VJ7KgWWVP8LA2HeWm1U6XSzDKteGR)

[Yield Market](https://app.exponent.finance/en/market/farm/onyc-10SEP26)
{% endstep %}

{% step %}

#### RateX

[ONyc](https://app.rate-x.io/leverage)
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