# Overview

## Powered by Yield Pass

Yield Pass, which also includes the Airdrop Pass product, allows a holder to deposit any object and split it into two distinct assets:

1. **Yield (or Airdrop) Pass** -> representing future yield only \[ERC-20]
2. **Node (or Discount) Pass** -> representing object ownership without future yield \[ERC-721]

<table><thead><tr><th width="176">Assets</th><th width="261">Yield Pass ("YP" or "AP")</th><th>Node Pass ("NP" or "DP")</th></tr></thead><tbody><tr><td>Token</td><td>ERC20</td><td>ERC721</td></tr><tr><td>Tradable</td><td>Yes, in fractional amounts</td><td>Yes, in whole amounts</td></tr><tr><td>User Claims</td><td>Yield via emissions or airdrop</td><td>Ownership of underlying</td></tr><tr><td>Usable as Debt</td><td>Not on MetaStreet</td><td>Yes</td></tr></tbody></table>

By creating these new assets, current market participants (holders, speculators, farmers, retail) will all be able to participate in accruing yield, managing risks, and unlocking more liquidity in an otherwise illiquid object and NFT market.

* **Unlocking Liquidity:** Sell future yields (YP/AP) without selling your NFT.
* **Yield Maximization:** Increase yield exposure by holding or buying more YP tokens.
* **Flexible Ownership:** Access NFT ecosystems with minimal capital.
* **Risk Management:** Split ownership to hedge against market volatility.
* **Market Participation:** Earn trading fees by providing liquidity in AP and DP markets.

{% hint style="warning" %}
***Disclaimer:** The object market is a highly risky and speculative market, thus assets like YP and DP contain even more risk and speculation. Please make sure you understand the product and risks associated with it before purchasing.*
{% endhint %}


---

# Agent Instructions: 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:

```
GET https://docs.metastreet.xyz/yield-capture-layer/overview.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
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.