Royco is a non-custodial yield structuring protocol that splits any yield source into Senior, Junior, and Senior Liquidity Provider tranches, letting depositors choose their risk and liquidity profile.
- Senior Tranche (ST): earns the least yield but benefits from seniority and secondary liquidity.
- Junior Tranche (JT): earns the highest yield by serving as first-loss capital and receives a risk premium paid by Senior, in addition to the base asset yield.
- Senior Liquidity Provider (SLP): earns a premium and trading fees by providing secondary liquidity for the Senior tranche.
Yield flows from the ST to both JT and SLP, paying for Senior’s coverage and liquidity.
ETH
Arbitrum
Base
Avalanche
Defi
Solidity
JavaScript
Typescript
Maximum Bounty
$250,000Live Since
17 February 2026Last Updated
12 August 2026PoC Required
KYC required
Codebase
Title
Royco Vault Makina Strategy
Description
A strategy contract enabling Royco vaults to allocate assets into Makina machines.
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.