Invest in Novara

Choose your risk profile and earn yield on real-world invoice assets

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Solana Devnet

Senior Tranche

Low Risk | Priority -

Stable yield with priority repayment

Target APY

Priority repayment in waterfall
Loss absorption by Junior tranche
Institutional-grade risk profile
Suitable for conservative investors
Transferable shares — trade on Jupiter

Junior Tranche

High Risk | Priority -

Enhanced yield with loss absorption role

Target APY (minimum)

Higher return potential
Residual yield capture after Senior
First to absorb losses
Suitable for risk-tolerant investors
Transferable shares — trade on Jupiter

How the Waterfall Works

Yield Distribution

1
Invoice payment received by vault
2
Senior tranche receives target yield first
3
Residual yield flows to Junior tranche

Loss Absorption

1
Invoice default detected
2
Junior tranche absorbs losses first
3
Senior tranche protected until Junior depleted

Stress Simulator

Deposit assets into the vault to enable the stress simulator.

Total AUM
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Active Tranches
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Coverage Ratio
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Junior / Senior protection
Vault Status
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Current state