> For the complete documentation index, see [llms.txt](https://docs.cian.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cian.app/bondify/for-users-quick-start/getting-started/mint-and-trade-junior-token.md).

# Mint & Trade Junior Token

1. **Mint JR.** Contribute a looping position to the Junior Token vault. If your LTV differs from the pool target, it's adjusted at entry and the difference returns to you; you receive JR tokens for your NAV.

<figure><img src="/files/fEisMo6w3Xrgt8uUg51o" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/bbkemHz8MhDbw6mhzyQZ" alt=""><figcaption></figcaption></figure>

2. **Swap.** Buy or sell the Junior Token on the swap at the live price. Selling exits your position instantly; buying gives instant managed leverage.

<figure><img src="/files/mxKvsFj16sOe3YWF26H7" alt=""><figcaption></figcaption></figure>

3. **Track positions.** Monitor your JR holdings and redemption value under My Positions.

<figure><img src="/files/aOSflmLJYVEjc3WbYwLd" alt=""><figcaption></figcaption></figure>