The home of onchain finance.
Joined April 2024
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- Followers 13,446
- Likes 1,309
209 Photos and videos
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Jun 4
AA_FalconXUSDC is live on Royco Dawn.
You can now deposit into Senior and Junior tranches of @paretocredit 's FalconX Credit Vault.
Backed by @FalconXGlobal , one of the most credible institutional borrowers in digital assets.
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The range of DeFi positions Royco unlocks is broader than most people realize.
Senior is a better version of the underlying asset, an immaculate collateral, and once looped, a powerful mezzanine layer.
@ShivaanshKapoor explains it all in under three minutes 👇
"Dawn senior tranches are the immaculate collateral. A better version of the underlying asset from a risk point of view."
🆕 @roycoprotocol DeFi Drop 🎙️
@ShivaanshKapoor, Head of Engineering:
🌊 Why they pivoted from incentives to Dawn
📊 TradFi waterfall credit
And more...
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Jun 16
What comes after risk transformation?
@jaibhavnani, co-founder of Waymont and Royco contributor, got into it with @lordjorx on where Royco is, where Dusk takes it, and the bigger thesis behind it all.
The most ambitious vision we've shared publicly.
Press play 👇
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Jun 15
Neutrl Junior is paying ridiculous yield right now.
- Current APY: 24.16%
- 7-day average: 25.45%
Since launch on March 27, @Neutrl Junior holders have accrued close to 3%!
Still the highest yield on Royco.
Jun 10
The Neutrl sNUSD market just hit 99% utilization.
Almost all Junior capital is actively backing Senior deposits, and the yield curve is adjusting to bring more in.
Worth understanding what's going on.
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Jun 11
Hard to believe it's been two months already.
When Aave's liquidity dried up, depositors couldn't exit and yield turned into negative carry. That's the looping trap.
Tranching opens the door to the same returns, without that exposure.
Worth two minutes 👇
"Dawn senior tranches are the immaculate collateral. A better version of the underlying asset from a risk point of view."
🆕 @roycoprotocol DeFi Drop 🎙️
@ShivaanshKapoor, Head of Engineering:
🌊 Why they pivoted from incentives to Dawn
📊 TradFi waterfall credit
And more...
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Jun 11
The most overlooked market on Royco.
Senior savUSD from @avantprotocol. Hard to find a better risk-adjusted yield onchain right now.
Worth a closer look.
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Jun 11
Here's where it gets interesting:
savUSD already has $17.38M in native coverage backing $90.66M in deposits (~19%).
On Royco, that comes with another 20% minimum Junior coverage on top.
Two layers of drawdown protection.
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Jun 11
If you're looking for risk-adjusted yield onchain, this is one to take seriously.
Senior savUSD open: dawn.royco.org/market/43114/…
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Jun 11
What's playing out is not a coincidence.
Royco's Yield Distribution Model is what's repricing yields on @Neutrl in real time.
@ShivaanshKapoor, our Head of Engineering, walked through how it works on @portals_fi 's podcast.
Full episode below 👇
Jun 10
The Neutrl sNUSD market just hit 99% utilization.
Almost all Junior capital is actively backing Senior deposits, and the yield curve is adjusting to bring more in.
Worth understanding what's going on.
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Jun 11
Full episode here: x.com/portals_fi/status/2059…
Worth every minute.
"Dawn senior tranches are the immaculate collateral. A better version of the underlying asset from a risk point of view."
🆕 @roycoprotocol DeFi Drop 🎙️
@ShivaanshKapoor, Head of Engineering:
🌊 Why they pivoted from incentives to Dawn
📊 TradFi waterfall credit
And more...
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Jun 10
The Neutrl sNUSD market just hit 99% utilization.
Almost all Junior capital is actively backing Senior deposits, and the yield curve is adjusting to bring more in.
Worth understanding what's going on.
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Jun 10
With the buffer right above that floor, the protocol responds. Senior is now paying a higher premium to Junior.
Two paths back to 90% target:
- Juniors enter (drawn by the boosted yield)
- Seniors exit (the premium gets too expensive)
The system self-balances.
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Jun 10
The Junior side of Neutrl is paying a much higher share of yield right now.
Nothing has changed on the strategy. Junior capital is in higher demand, and the yield curve is reflecting that.
Junior open: dawn.royco.org/market/1/0x38…
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Jun 9
An interesting turn in the apyUSD market overnight.
The Observation Period briefly ended, and then reset.
Worth walking through what happened.
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Jun 9
Where things stand now:
- Window: 30 days again, 29 days left
- Current drawdown: 2.32%
- Junior leverage: 2.95x
- All yield flowing to Junior
If a Junior holder were to exit now, the realized drawdown would be 2.32% × 2.9 = around 6.84%.
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Jun 9
Both tranches remain untouched. No losses on either side.
The reset gives the market more time to play out.
We'll keep posting updates as it does.
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