# Stazys Defi Guide

Welcome to the Stazys DeFi Guide, your companion for understanding the building blocks of decentralized finance and how Stazys integrates leading Solana protocols to create yield-bearing strategies.

### Why This Guide Exists

Yield strategies often combine multiple concepts: lending, borrowing, looping collateral, derivative hedges, and more. This guide walks through each mechanism, mixing plain-language explanations with the underlying mathematics so you can understand both *what* a strategy does and *why* it behaves the way it does.

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While this guide explains core concepts, we highly encourage you to deep dive into each protocol's official documentation to ensure you fully understand their mechanics, risks, and best practices before using them in your strategies.
{% endhint %}

### What You’ll Learn

* [**Lend • Borrow • Loop**](/stazys-docs/stazys-defi-guide/lend-borrow-loop.md) - Mechanics of capital-efficient lending markets, plus deep dives on Kamino and Jupiter Lend integrations.
* [**Perps & Derivatives**](/stazys-docs/stazys-defi-guide/perps-and-derivatives.md) - How perpetual swaps and other derivative products can hedge or amplify yield strategies.

More sections coming as Stazys expands...

Each section blends conceptual overviews, formulas, protocol-specific workflows, and risk considerations. Use the navigation to jump into the topics that matter most for your next strategy build.

### Essential Vocabulary

Use this glossary as a quick reference while you explore the guide:

| Keyword                        | Meaning                                                                                                                       |
| ------------------------------ | ----------------------------------------------------------------------------------------------------------------------------- |
| **Yield**                      | The growth of an asset position over time, typically expressed as APY or APR.                                                 |
| **APY / APR**                  | Annual Percentage Yield / Rate. APY accounts for compounding; APR does not.                                                   |
| **YBA (Yield-Bearing Asset)**  | Tokens whose price increases naturally because underlying collateral is accruing yield.                                       |
| **Token**                      | A digital asset representing value or utility                                                                                 |
| **NFT**                        | Non-fungible token; unique digital assets, sometimes used as vault positions or LP receipts.                                  |
| **LST (Liquid Staking Token)** | Tokenized staking positions (e.g., SOL deposits that continue to earn staking rewards).                                       |
| **Stake / Restake**            | Locking assets to secure a network (stake) or participate in a protocol's health. Often being rewarded with token incentives. |
| **Collateral**                 | Assets pledged to secure a loan or leveraged position.                                                                        |
| **Leverage / Looping**         | Re-depositing borrowed funds as new collateral to amplify exposure.                                                           |
| **Perpetual (Perp)**           | Derivative contract without expiry that tracks an asset’s price. Often offering leveraged products.                           |

###


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