Mezzanine
@mezzanine_fi
The best yields in tradfi, defi, and neofi, tranched for your risk appetite.
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Your wife after she hears you were in the senior tranche during the depeg
Two people can like the same strategy and still disagree about putting money into it.
One wants more of the yield and will stand first in line for losses to get it. In a Mezzanine vault, that's junior. The other likes the strategy just as much, but would rather have someone else's capital covering first loss, and will give up part of the yield for it. That's senior.
Offer one position and both of them could walk away.
They don't need to agree on which position is better. They need a choice that reflects what each is looking for.
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A vault can save you work. Tranching can change what you get to choose.
Monday's question was why use a vault at all, when the protocols underneath are open to anyone. Prime answers both halves.
The yield starts with home equity lending through Hastra's PRIME. The loop builds exposure across Morpho and Kamino, and the vault holds that cross-chain position together so depositors don't have to.
Run it yourself and you hold the whole position. Tranched, the yield and the losses get split, and you pick where you sit. Junior takes first loss for a larger share of the yield. Senior takes a smaller cut, with junior capital absorbing losses ahead of it.
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The yield behind Mezzanine’s Prime Vault starts with home equity lending. The loop comes after.
Homeowners borrow against the equity in their homes and pay interest. @HastraFi’s PRIME gives access to yield backed by that lending activity.
The underlying yield is paid for by borrowers, not token emissions.
Prime’s loop increases exposure to that yield, with borrowing costs affecting what the strategy earns. Mezzanine then tranches the result.
You can pursue a larger share of the yield by accepting first loss, or take a smaller cut with junior capital absorbing losses before yours.
Home-equity lending provides the foundation. Looping and tranching give depositors different ways to hold it.
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A loop on two chains is still one position. It just takes twice as much looking after.
The Mezzanine Prime vault runs across Morpho on Ethereum and Kamino on Solana. Build that yourself and you have capital on both chains, two sets of borrowing rates to follow, and transactions to handle on each side.
Opening the position is a task. Keeping it running is a commitment.
Prime brings that into one vault, with a strategy that optimizes borrowing rates between the two markets. You deposit and choose your tranche. The cross-chain position doesn't become your ongoing job.
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