Junior DOLA - First-Loss Layer for DOLA

jrDOLA is a liquid yield-bearing token where stakers earn yield coming from DBR auctions on top of the yield coming from sDOLA, meaning the yield is always equal or higher than sDOLA but in case bad debt occurs in an allowed FiRM market the deposits in jrDOLA may be slashed proportionnally among depositors to repay the bad debt.

Important note: to exit jrDOLA and get back sDOLA a staker must queue a withdrawal, wait for the dynamic withdrawal delay and then complete the withdrawal within an exit window, if the exit window expired before completing the withdrawal then a new withdrawal must be queued, otherwise depending on liquidity the instant alternative is to swap at market price.