Sense Protocol is a decentralized fixed-income protocol on Ethereum, allowing users to manage risk through fixed rates and future yield trading on existing yield bearing-assets. It is decentralized permissionless infrastructure, where teams can build and develop new yield primitives for DeFi, such as fixed income tokens, yield tokens, and other custom re-divisions of existing tokens' exposures. Stripping is the first application built atop Sense, where users can 1) access fixed rate versions of existing variable yield tokens or 2) make directional long/short bets on the future yields of existing yield-bearing assets.