USDC vaults
Loss protection built in. Senior is paid first; Junior earns more and takes the first loss.
In the vaults
—
Senior rate
—expected
Junior rate
—expected
Junior cushion
—in front of Senior
Loss protection built in. Senior is paid first; Junior earns more and takes the first loss.
In the vaults
—
Senior rate
—expected
Junior rate
—expected
Junior cushion
—in front of Senior