The purpose of our first product is to satisfy investors' different risk preference or financing needs. dTRANCHE can be deployed with a two-token structure that allows investors to invest in two different kinds of fungibles, interesting bearing tokens: SENIOR and JUNIOR. JUNIOR, known as the "risk token", takes the risk of "defaults" (real yield < expected yield) first but also receives higher returns. SENIOR, known as the "yield token", is protected against defaults by the JUNIOR token and receives lower returns. This is similar to common Junior/Senior investment structures.