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Royco Dawn

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Royco is a non-custodial, perpetual risk-tranching protocol. Its smart contracts divide yield opportunities into senior and junior tranches. The senior tranche is protected, at a minimum, from a preset market-defined drawdown percentage in the underlying investment, with the junior tranche serving as first-loss capital. In exchange, the junior tranche receives a portion of the senior yield as a risk premium, in addition to earning its own.

Maximum Bounty
$250,000
Live Since
17 February 2026
Last Updated
24 March 2026
  • PoC Required

  • KYC required

Codebase

Title
Royco Vault Makina Strategy
Description
A strategy contract enabling Royco vaults to allocate assets into Makina machines.
Link
Title
Royco Dawn
Description
Dawn enables structured risk tranching for any yield source by splitting it into two distinct risk and return profiles: a junior and senior tranche. The junior tranche serves as first-loss capital in exchange for a risk premium paid by the senior tranche.
Link

Documentation

Title
Documentation
Description
Royco
Link
Title
Royco Dawn Technical Architecture Docs
Description
Smart contract and mechanism documentation
Link
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