Yield Swap is a decentralized exchange (DEX) that enhances DeFi lending markets by allowing sophisticated traders and institutional clients to manage yield risks associated with interest rate fluctuations. Co-founded by Aetienne Sardon and Johan Sjödin, the platform addresses the challenges of unpredictable variable interest rates in DeFi lending and borrowing, which hinder long-term financial planning. By using Interest Rate Swaps (IRS), Yield Swap enables users to protect themselves against rising or falling interest rates through an Automated Market Maker (AMM). The platform's uniqueness lies in its composability with existing DeFi products, the ability to "short" yields, exposure to synthetic yields, and capital efficiency. Circle's USDC plays a pivotal role by providing a robust and reliable settlement instrument, integrating with major DeFi lending markets, and supporting layer 2 solutions, which enhances Yield Swap's functionality and reach.