what's KNOX?

KNOX is a DeFi protocol built by the GasHawk team, shifting focus from transaction fee optimization to capital efficiency in yield markets. It introduces a universal risk-shaping layer that applies structured products universally across modern DeFi stacks, leveraging standards like ERC-4626 to wrap any underlying yield source—such as Morpho vaults or Strata markets—without inventing new primitives. The protocol splits volatile market outputs into senior and junior tranches: seniors receive predictable fixed rates with maturity dates for low-risk capital planning, while juniors absorb volatility for leveraged upside if yields outperform. This symbiotic structure enables institutions to control risk profiles and yield seekers to access efficient leverage, all in a scalable, onchain manner. Currently in closed beta.[[2]](https://x.com/i/status/2023419237839126967)