Гаманець для Strata Junior mM1-USD

What is Strata Junior mM1-USD (JRMM1-USD)?

Think of JRMM1-USD as the back seat of a two-seat structure. Strata takes the mM1-USD strategy, a dollar-denominated tokenized product, and divides claims on it into a senior and a junior tranche. The senior tranche is served first. The junior tranche, this token, sits underneath it and takes losses first if the underlying falls short, while receiving the amplified share of what the strategy does produce.

Because the underlying is dollar-denominated, the position reads in dollars, but the junior token itself is not a stablecoin and should not be treated as one. Its redemption value is a residual, that is, whatever remains of the underlying after the senior claim is satisfied, and residuals move more than the thing they are carved out of.

A couple of mechanics to keep straight. The wallet shows a share count that stays constant on its own; accrual and losses appear in what each share redeems for. The senior counterpart, SRMM1-USD, is a separate contract with a confusingly similar name, so verify which of the pair you hold before sending anything.

Supported networks in Tangem (1): Ethereum.

Since the token recalculates itself rather than paying anything out, holding it involves no periodic action at all: Tangem's app pulls the current balance from Ethereum when opened, and the card can go back in the drawer. Storage that demands nothing suits an instrument that demands nothing.