One yield source. A complete risk/return grid - from guaranteed fixed rates to uncapped upside.
01 - Select Your Level of Risk
Pick your seat at the table
Tap each card to understand the risk/return trade-off. Your selection updates the projected returns below. In a strong market, Spectrum also earns a surplus participation bonus on top of its cap.
🔵
Position 01
Senior / Fixed
5% APY
Tap to learn more ↓
Senior / Fixed Rate
Guaranteed. Paid first. No surprises.
Your 5% APY is locked in regardless of what the market does. Senior yield is fully backed by Junior and Spectrum deposits, ensuring your fixed rate is protected. The safest way to earn fixed yield in crypto.
🟡
Position 02
Spectrum / Surplus
10%+ APY
Tap to learn more ↓
Spectrum / Surplus
Capped returns with surplus upside.
When markets outperform all caps, Surplus Participation activates - after Junior earns its hurdle rate, remaining yield is shared between Spectrum and Junior weighted by risk, giving Spectrum additional yield above its cap. Junior absorbs losses before you.
🔴
Position 03
Junior / Variable
15%+ APY
Tap to learn more ↓
Junior / Uncapped Residual
Maximum upside. First to absorb losses.
Junior earns a 15% hurdle rate first, then shares remaining surplus with Spectrum via risk-weighted participation - uncapped upside. But Junior is the first-loss position: any pool drawdown hits you before anyone else. High conviction, high reward.
Tap any card to reveal the details
02 - Your Deposit
How much would you like to invest?
Set your investment amount and duration. These will be used to calculate your projected returns below.
$
Duration
03 - Projected Returns
Your projected returns
Based on your deposit, duration, and tranche selection at 11.67% underlying market yield - a strong market scenario where all caps are fully met and Surplus Participation activates for Spectrum.
📊 Underlying market rate: 11.67% APY · Surplus participation active
$10.04K at maturity
Guaranteed 5% APY - paid before all other tranches
You deposit
$10.00K
30 days
You receive
$10.04K
at maturity
Yield earned
+$40
+0.4%
Effective APY
5.0%
annualised · 30 days
APY by tranche · 11.67% underlying yield
Senior ← you
5% guaranteed
5.0%
5.0%
+$40
Spectrum
10% cap + surplus share
10.9%
10.9%
+$75
Junior
residual yield
19.0%
19.0%
+$90
🔵 Senior depositor - Your 5% APY is locked in and paid first, before any other tranche receives a dollar. Senior yield is fully backed by Junior and Spectrum deposits - their capital absorbs any losses before yours is ever at risk. The safest way to earn fixed yield in crypto.
*Results are based on 11.67% underlying rate and may not reflect current market rates or rates available in Knox Vaults.
04 - How to Use Knox
From wallet to redemption
Everything you need to know to deposit, hold, and redeem - in one place.
1
Browse live vaults
Visit app.knox.finance/explore. Each vault shows its underlying yield source, maturity date, available tranches, and current capacity.
2
Choose your tranche
Senior for a guaranteed fixed rate. Spectrum for a capped return at your chosen risk level - with Surplus Participation adding additional yield above your cap when markets outperform. Junior for maximum uncapped yield - and first-loss exposure.
3
Deposit & hold to maturity
Your position is minted as an ERC-20 token - transferable on secondary markets even though early pool withdrawal isn't available. Capital is deployed into the underlying market until the pool matures.
4
Redeem at maturity
The waterfall runs automatically at maturity. Claim your shares on the Knox app - no discretion, enforced entirely by code.
