Tranches

Same vault, two risk tiers. Senior earns a fixed APR and is protected — like a bond. Juniorabsorbs the first losses and pockets any yield above senior's coupon — like equity. Pick the one that matches your risk appetite.

Tranching not yet deployed on this network.

The tranched-vault contract addresses aren't configured. The UI is fully wired and will populate the moment the deploy lands — until then this page is read-only.

SeniorFixed APR

Fixed APR

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Accrues to maturity

Capacity

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Currently staked

Your position

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JuniorFirst-loss

Yield share

Surplus

All yield above senior's coupon

Capacity

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Currently staked

Your position

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Loss waterfall

No value deposited yet — the waterfall will populate as senior and junior shares are minted.

Maturity

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Early-exit penalty

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Goes to remaining holders

Loss-cap label

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Senior protection floor

How tranching works, in plain English

Imagine a pool of $1,200 earning yield. You can join as Senior ($1,000) or Junior ($200).

Senioris promised a fixed 5% APR. After a year that's $50 — predictable, protected.

Juniortakes whatever's left. If the pool earned $80, junior gets $30 ($80 minus senior's $50 coupon) — a 15% return on $200. If the pool lost $80, junior absorbs all of it and senior is untouched.

In a nutshell: senior gets steady, junior gets leverage to the upside and the downside.