Audit Completed:
@roycoprotocol
We're glad to have supported Royco with a security review of a major refactor of Royco Day, their risk and liquidity transformation protocol. The update splits each market into three tranches, adding SLP (Senior Liquidity Provider) alongside senior and junior. SLPs provide secondary liquidity in exchange for a premium. This was our fourth engagement with Royco.
Our audit covered the senior, junior and SLP tranche accounting, the SLP premium accrual and reinvestment path, the delayed deposit and redemption entry point, and the Balancer V3 and Gyroscope E-CLP deployment templates.
Wishing the Royco team the best as they continue building
Full report below: