# 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.

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***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.*
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