Curators and Their Role in Principal Token (PT) Markets

Curators and Their Role in Principal Token (PT) Markets

Curators and Their Role in Principal Token (PT) Markets

By
John Broadley
Sep 29, 2025
Education
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As DeFi matures, Principal Tokens (PTs) are emerging as a cornerstone of tokenized fixed yield. By splitting yield-bearing assets into principal and yield components, PTs allow investors to access predictable, time-based income streams that mirror traditional fixed-income instruments.

But PT tokens don’t exist in isolation. They need an ecosystem where issuers, lending protocols, yield tokenizers, and oracles all work together. At the heart of this ecosystem are curators, the architects who design and manage PT markets.

Need more context? Discover:
- EO Network's PT Token Stack
- Lending Protocols and Their Role in Principal Token (PT) Markets

As DeFi matures, Principal Tokens (PTs) are emerging as a cornerstone of tokenized fixed yield. By splitting yield-bearing assets into principal and yield components, PTs allow investors to access predictable, time-based income streams that mirror traditional fixed-income instruments.

But PT tokens don’t exist in isolation. They need an ecosystem where issuers, lending protocols, yield tokenizers, and oracles all work together. At the heart of this ecosystem are curators, the architects who design and manage PT markets.

Need more context? Discover:
- EO Network's PT Token Stack
- Lending Protocols and Their Role in Principal Token (PT) Markets

Why Curators Matter in PT Markets

Curators are specialist teams who shape how PT tokens function in practice. They are responsible for:

  1. Market Design:

    Curators decide how PT markets are structured; what assets are included, what maturities are offered, and how yields are distributed.

  2. Risk Management:

    They calibrate collateral factors, liquidation thresholds, and risk frameworks to ensure PT markets remain robust even during volatility.

  3. Innovation:

    Curators are often first to experiment with new structured products, vaults, or cross-asset strategies; using PT tokens as building blocks.

In short, curators are the market makers of tokenized fixed income, turning PT tokens from an abstract instrument into usable, yield-bearing products.

Leading Curators in the PT Ecosystem

MEV Capital

MEV Capital is a leader in designing yield-bearing vaults and structured PT markets. Their expertise lies in curating products that bring institutional-style yield strategies to DeFi. By leveraging EO Network’s PT feeds, MEV ensures every market they design is transparent and verifiable, giving investors confidence in both returns and risk.

Gauntlet

Gauntlet is known for its quantitative risk modeling across major DeFi protocols. In PT markets, they apply these same models to optimize collateral efficiency and mitigate risk. EO’s manipulation-resistant data feeds underpin Gauntlet’s designs, enabling markets that are both efficient and secure for industry giants such as Swissborg.

Steakhouse & Re7

Steakhouse focuses on stablecoin and RWA collateral design, making PT tokens usable in structured lending and tokenization products. Re7 specializes in custom vaults and structured yield strategies, pushing the boundaries of what PT markets can achieve. Both rely on EO’s infrastructure to ensure their PT designs are built on accurate, immutable pricing.

Emerging Curators: Varlamore, Edge, Tulipa, Clearstar

New curators are entering the space, experimenting with niche PT markets and innovative vault structures. With EO providing production-ready PT feeds, these emerging players can launch secure and transparent markets without building data infrastructure from scratch.

EO Network: The Trust Layer for Curators

Curators can only design markets as strong as the data they rely on. This is where EO Network plays its critical role:

  • Secure PT feeds provide precise pricing for principal tokens across ecosystems.

  • On-chain proofs ensure every feed update is verifiable and immutable.

  • Stake-backed operators protect markets against manipulation, aligning incentives for accuracy.

By supplying curators with secure and reliable data infrastructure, EO enables them to innovate freely; confident that every PT market they design will be transparent and trustworthy.

Conclusion

Curators are the architects of PT markets, transforming PT tokens into real products that deliver fixed yield and structured returns. They bring the creativity, risk frameworks, and market design expertise that makes tokenized fixed income usable at scale.

With EO Network powering the feeds behind these markets, curators gain the trust layer they need to build institutional-grade products. Together, curators and EO are unlocking the next era of secure, transparent, and composable DeFi yield.

Build your specialized yield-bearing PT-Strategy with EO:
www.eo.app

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