Fragments is a protocol that offers leveraged cryptocurrency products.

How can I learn more about Fragments?

Visit the Fragments website at fragments.org, read the technical documentation at fragments.org/primer, or follow @FragmentsOrg on X.

What do I get by joining the Fragments waitlist?

By joining the waitlist, you get early access to Bitcoin Junior and updates about the launch of Fragments.

Learn more about how leverage works at fragments.org/how.

Liquidation is when a leveraged position is forcibly closed due to insufficient margin. Bitcoin Junior eliminates this risk.

What leveraged products are out there?

Perpetual futures: Exchange-traded derivative contracts with funding fees and liquidation risk. Margin borrowing: Borrowing capital to buy more BTC with interest costs and margin calls. Options: Contracts with strikes, expiries, and volatility decay. Leveraged ETFs/ETPs: Products with 2× daily exposure that suffer from path-dependent decay.

What makes Bitcoin Junior different?

No liquidations and no expiries - your position isn't tied to margin calls. A perpetual, on-chain ~1.33× BTC exposure from tranching mechanics, not borrowing. Simple to use with no greeks or funding rates. Transparent, automated smart-contract based design with no hidden risks.