# Tranches Tranche support is vital for institutions participating in the Huma protocol. As mentioned before, there are two types of tranches: senior and junior. The senior tranche is generally seen as a lower-risk investment. It offers a modest yield but carries less risk. If there's a default, senior tranche lenders receive payment first. The junior tranche, on the other hand, assumes a higher risk and earns a higher yield when things go smoothly. If there's a default, junior tranche lenders are paid after those in the senior tranche. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.huma.finance/products/huma-institutional/tranches.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.