> For the complete documentation index, see [llms.txt](https://docs.swivel.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.swivel.finance/swivel-v3.0.0/swivel-exchange/exchange-functions/fixed-yield-zctoken-1.md).

# Fixed-Yield Lending

## Market Orders:

![Entering a Fixed-Yield Position (Market-Order)](/files/-MinSeCofJYwDAYJlFnA)

In order to immediately lend at the best best available price (rate), place a market-order for the amount of principal you would like to lend, and receive a fixed-yield.

1. Select Fixed-Yield.
2. Enter the amount of principal you would like to lend.
3. Review the order's details.
4. Place the order, confirming in your web3 wallet when prompted.

## Limit Orders:

![Entering a Fixed-Yield Position (Limit-Order)](/files/-MioeP85KEU0nrtwwbyS)

In order to place a fixed-yield order at a specific price, select limit order and then input your desired price and amount you would like to lend.

***Importantly, limit orders can be placed for free, without an on-chain transaction.***

1. Select Fixed-Yield.
2. Select Limit.
3. Enter the amount of principal you would like to lend.
4. Enter the price (amount of premium to earn per token).
5. Review the order's details.
6. Place the order, confirming in your web3 wallet when prompted.


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