Calculator
·data source: infiniFiliveIf these protocols fail,
does the senior tranche take a haircut?
Total NAV
$100M
Senior
$55M
Junior buffer
$45M
45% of NAV
Max safe loss
$45M
Pick what fails1 of 6 selected
Click a protocol to add it. Each protocol gets its own severity and recovery — different protocols can fail at different intensities in the same scenario.
100%
0%
Gross: $58MNet: $58M
Selected exposure$58M · 58% NAV
Gross loss$58M
Net loss (after recovery)$58M
Outcome
Senior holders impaired by 23.64%
Gross loss
$58M
Net (after recovery)
$58M
Junior absorbed
$45M
Senior impaired
$13M
Junior haircut
100%
Senior haircut
23.64%
Buffer remaining
$0
Buffer used
100%
Your loss
$486.4K
Senior portion
$236.4K
Junior portion
$250K
Loss waterfall
How the shock flows through. Junior catches first; whatever's left hits senior.
- Affected exposure$58M
- Gross loss$58M
- Net loss (after recovery)$58M
- Absorbed by junior$45M
- Hits senior$13M
Capital stackAfter shock
Junior locked-iUSD absorbs losses first. Senior siUSD / iUSD only impaired when net loss exceeds the junior buffer.
Before
Junior buffer
$45M · 45%
Senior capital
$55M · 55%
After
Junior loss
$45M · 45%
Senior loss
$13M · 13%
Senior remaining
$42M · 42%
Buffer used
100%
Senior haircut
23.64%
Senior redemption rate
76.36%
Tranche capital · before vs after