Sense is a 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 on 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.