| description | Learning materials about Button Tranche - a risk stratification protocol |
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Tranche is a protocol for stratifying price risk of crypto-assets. At the core, it allows users to deposit an asset in return for several Tranche assets, each representing a different risk level. The safer assets have relatively stable value, while the risky assets have value roughly equivalent to a leveraged position of the underlying asset.
The following sections will explain how this mechanism works and why it's useful.