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<p>strcUSX is live in @solsticefi YieldVault.

The source is STRC.

> Strategy pays around 12% cash dividend.
> Solstice takes that stream onchain and splits it into 2 tranches.

Senior gets paid first.
Target is around 7%.

Junior is first loss.
Target is around 20%.
The key part is the buffer.

Junior is sized roughly to match senior.
So STRC needs to fall about 50% before senior principal starts taking pressure.
Not risk free.
But the risk is much easier to price.

I like this structure because the yield source is not the same as eUSX.</p>

strcUSX is live in @solsticefi YieldVault.
The source is STRC.
> Strategy pays around 12% cash dividend.
> Solstice takes that stream onchain and splits it into 2 tranches.
Senior gets paid first.
Target is around 7%.
Junior is first loss.
Target is around 20%.
The key part is the buffer.
Junior is sized roughly to match senior.
So STRC needs to fall about 50% before senior principal starts taking pressure.
Not risk free.
But the risk is much easier to price.
I like this structure because the yi

strcUSX is live in @solsticefi YieldVault. The source is STRC. > Strategy pays around 12% cash dividend. > Solstice takes that stream onchain and splits it into 2 tranches. Senior gets paid first. Target is around 7%. Junior is first loss. Target is around 20%. The key part is the buffer. Junior is sized roughly to match senior. So STRC needs to fall about 50% before senior principal starts taking pressure. Not risk free. But the risk is much easier to price. I like this structure because the yield source is not the same as eUSX.

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