Frequently Asked Questions

What is the Elastic Money Collective?

Elastic Money began as a simple newsletter for the Ampleforth community. BTC-Jr, BTC-Sr, SPOT, and the broader Fragments product suite deserve plain-language storytelling. We sit between protocol builders and long-term investors, translating perpetual tranching mechanics into actionable takeaways.

What is Fragments?

Fragments splits pooled BTC into senior and junior slices. BTC-Jr absorbs more volatility and therefore targets ~1.33× upside. BTC-Sr prioritizes principal stability. Elastic Money documents how the protocol prices risk, how it relates to AMPL and SPOT liquidity, and why tranching is different from perpetual swaps.

• •Powered by the Ampleforth ecosystem and SPOT liquidity
• •No margin loans, no liquidation bots — exposure comes from tranche math
• •Designed for long-term holders comfortable with increased drawdowns

Is BTC-Jr just leveraged BTC?

BTC-Jr targets roughly 1.33× BTC performance using perpetual tranching. There is no borrowed capital, no funding payments, and no liquidation price — junior tranche holders simply absorb more downside in exchange for convex upside when BTC rises.

How does this relate to Ampleforth?

Fragments is part of the Ampleforth ecosystem. AMPL provides elastic collateral, SPOT bundles it into a flatcoin-like unit, and Fragments uses SPOT + BTC to create senior and junior tranches. Elastic Money covers the entire stack.

What happens in a down market?

When BTC sells off, BTC-Jr draws down faster because it takes first loss. BTC-Sr receives protections until tranche ratios rebalance. There are no margin calls, but junior holders should expect amplified downside and longer recovery windows.

How do I join the Fragments waitlist?

Tap the button below to open the official waitlist popup. You will be redirected to waitlist.fragments.org.