Tranche is a decentralized protocol for managing risk. The protocol integrates with any interest accrual token, such as Compound's cTokens and AAVE's aTokens, to create two new interest-bearing instruments, one with a fixed-rate, Tranche A, and one with a variable rate, Tranche B. The protocol is currently integrated with Compound and charges fees in Dai and ETH. Accrued fees are exchanged for SLICE tokens through Uniswap pools. SLICE holders can vote on protocol parameters and other governance issues, as well as stake their SLICE or SLICE-LP tokens for rewards.