Hold senior, junior or liquidity provider tranches of hBTC/sr-hBTC/cbBTC on Royco

Stake in the hBTC/sr-hBTC/cbBTC senior, junior or liquidity provider tranche of a Royco Day market to earn rewards. The junior tranche absorbs losses first and earns a risk premium on senior yield; the liquidity provider tranche market-makes senior exits and earns a liquidity premium; the senior tranche is the protected leg and keeps the residual yield.