Recently, I noticed a project launched a new玩法 called BTC-Jr. Honestly, I was hooked by the words "no leverage needed, zero liquidation risk, and approximately 1.33x BTC returns."

For someone like me who is lazy about monitoring the market daily and is tired of being liquidated due to funding rates, this approach is quite appealing. They are not using the conventional lending plus leverage method but are splitting risk transparently through on-chain tranching. In simple terms, they reallocate returns and risks hierarchically—those seeking stability choose the base layer, while those aiming for higher returns opt for the risk layer, each according to their needs.

Not having a forced liquidation line hanging over your head feels much more relaxed. This kind of structured product might offer an additional option for people who don't want to trade derivatives but still want to increase their returns.