The @Syntetika hBTC market is in its Observation Period.
hBTC's NAV updated with a small loss. The Observation Period gives the asset time to recover, so the Junior only absorbs losses if they don’t recover after 30 days.
Watch the video below to see exactly how it works:
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The Observation Period protects the Junior. Protected Exit protects the Senior.
With the @Syntetika hBTC market in its Observation Period, here’s how its Protected Exit value works:
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If you can underwrite a yield strategy, its Junior is the place to be.
@EmberProtocol 's eEARN is up 4.96% since Feb 20.
Royco Junior launched 76 days later and is already up 6.57%, without a single drawdown.
This is tranching doing its job.
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How to deposit into a Senior tranche on Royco, start to finish.
This example uses @apyx_fi 's apyUSD, one of our biggest success stories, delivering 43% annualized APY since inception.
Full walkthrough:
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Every tranched position on Royco now shows up in @DeBankDeFi and @Rabby_io.
Senior, Junior and SLP, all tracked live alongside the rest of your portfolio.
Locked iUSD 8w is live on Royco.
The locked side of @infiniFi pays well above the liquid one, and it is now available to tranche on Royco.
That number is now 44.57%.
For context, @USDai_Official 's base staked rate is 8.57% APY.
Nothing unusual is happening.
It's tranching at work: as coverage gets closer to its defined floor, utilization rises, directing more yield to Junior.
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Junior on Royco's sUSDai market is paying 37% APY right now.
That's almost 5x the 8% base staked rate from @USDai_Official.
USDai opened a new borrow market on Morpho.
Max loop that strategy and you can earn 36.38%. Wild number. However, @roycoprotocol 's Junior on the same asset, announced yesterday, is paying 37.65%.
Higher, and without the negative carry risk that comes with looping and unwinding it yourself. Same underlying exposure, a couple of clicks instead.
The stablecoin itself is also growing fast. @USDai_Official 's own numbers put the stablecoin at $550M in TVL now. Amazing comeback.
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This is the first market like this on Royco.
@Syntetika breaks down what Royco adds on top of hBTC, and what the SLP unlocks here specifically.
This one's worth your time.
Tranching Explained: What Royco Adds to hBTC
Tranching is older than DeFi. @roycoprotocol brought it onchain, and hBTC is now available through it in three forms. This is what each one does, and doesn't.
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Security is Royco's paramount priority.
Go read @ankurdubey521 's post, our Head of Security.
Very few projects put this much out in the open.
Kerckhoffs, 1883: a cryptosystem should be secure, even if everything about the system, except the key, is public knowledge.
Most protocol hacks are not clever exploits of audited code. They are ops failures. Leaked keys. Upgrades with no delay. Timelocks nobody monitors. One EOA holding admin.
So at @roycoprotocol , we published the whole thing:
Every role and who holds it. Every multisig, its live signer set and threshold. Every execution delay. Every pending operation, decoded, while it sits in its 72h window. All chains, rendered live - directly from chain state.
Admin paths are multisig only. Core changes wait 72 hours in public, under guardian review and automated monitoring, and can be cancelled at any point before execution. Changing a role, a delay, or a guardian goes through the same pipeline.
Assume the adversary has this page bookmarked. We did.p
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There's value in building a long-term relationship with an auditor.
@tomer_ganor didn't just audit Royco's code, he was involved in the design itself.
This level of architectural context is impossible for a fresh auditor to replicate by just looking at a finished product.
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New episode of Royco Talks: @tomer_ganor audited the design and code behind Royco Day.
In this episode, Tomer sits down with @ShivaanshKapoor, CTO, and @ankurdubey521, head of security.
They walk through how it worked, and why the design was imperative. This is a must watch.
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How to deposit into srRoyUSDC:
One deposit, diversified exposure across Royco senior tranches, balanced by @Dialectic_Group.
Every step is in the video below.
Junior on Royco's sUSDai market is paying 37% APY right now.
That's almost 5x the 8% base staked rate from @USDai_Official.
base:0x9c2dcdbdb3f0a0f628d1112bbcabd9ae75353df3 is now live on @roycoprotocol
Our first integration is here: one strategy, now available across different risk profiles. 🧵
New episode of Royco Talks: @tomer_ganor audited the design and code behind Royco Day.
In this episode, Tomer sits down with @ShivaanshKapoor, CTO, and @ankurdubey521, head of security.
They walk through how it worked, and why the design was imperative. This is a must watch.
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Royco Day contracts went live over the weekend.
The first pools will go live soon ⏳
Most people see tranching as a product.
@JoeWaitOfficial sees it as a building block that can be combined with lending and looping into a single position.
Royco Day makes that composability possible.
@EmberProtocol @llamalend @ResupplyFi
Let’s make it happen.
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Risk structuring is the new meta.
And this is where it gets interesting.
More Royco markets means more SLPs, which means more demand for sr-srRoyUSDC liquidity.
That liquidity helps Royco’s markets scale, while giving frxUSD a bigger role across the ecosystem.
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We are live with @xerberus and @jaibhavnani talking Royco Day!
