Royco
@roycoprotocol
The home of onchain finance.
Joined April 2024
1 Following 13.3K Followers
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.
