The Dual Tranche
Janus separates collateral into two distinct tranches:
Alpha (α): The risk-absorbing junior tranche. It effectively provides leverage on the underlying collateral's performance.
Omega (ω): The risk-averse senior tranche. It is prioritized for redemption, aiming for stability and protecting its $1.00 Price.
Epoch Market
A periodic prediction market built directly into the protocol.
Users bet Omega on whether the protocol will remain stable (YES/NO). Winners claim the losing pool.
MVP Note: Market fee is disabled (0%). Rewards come from vault mint/redeem fees.
Rewards Cycle
Janus's architecture is designed to maintain Coverage Ratio > 100% at all times.
Janus's dual-token system allows you to choose your risk profile. Rewards unlock only if the epoch settles YES.
Users who stake Alpha and bet YES are eligible to claim rewards when stability is maintained.
How do I use Janus?
The Saver
"I want stability and capital preservation."
- 1.Go to Vault page.
- 2.Mint Omega (ω) using USDC.
- 3.Hold Omega as a stable store of value.
- 4.Redeem for USDC anytime (subject to vault health).
The Yield Seeker
"I want maximized yields from protocol fees."
- 1.Go to Vault page.
- 2.Mint Alpha (α) using USDC.
- 3.Go to Rewards page and stake Alpha.
- 4.Vote YES in Epoch Market to signal confidence.
The Speculator
"I want to profit from market predictions."
- 1.Acquire Omega (or mint it).
- 2.Go to Epoch Market.
- 3.Bet YES (Stability) or NO (De-peg).
- 4.Winners claim the losing side's pool at epoch end.
The Arbitrageur
"I restore the peg for profit."
- 1.Monitor Omega price vs $1.00.
- 2.If Price > $1.00: Mint Omega at $1.00, sell at market.
- 3.If Price < $1.00: Buy Omega at market, redeem for $1.00.
- 4.Profits risk-free while restoring stability.
DISCLAIMER: The content provided in this application is for educational and informational purposes only and does not constitute financial, investment, or trading advice.
Janus is an experimental protocol. Smart contracts are subject to risk. User discretion is advised.