Royco Dawn has tranched autoUSD from Auto Finance.
@autopools is an automated liquidity management protocol that continuously rebalances assets across decentralized exchanges and lending markets, including Aave, Fluid, and Morpho.
The protocol has processed over $1.16B in total automated volume across 79 destinations.
The asset Royco Dawn tranches is autoUSD, Auto Finance's stablecoin autopool built on the ERC-4626 standard. Users deposit assets and receive a yield-bearing receipt token.
autoUSD operates through a solver-driven strategy system that evaluates blue-chip yield opportunities and rebalances dynamically within a robust framework of on-chain safeguards.
The autopool optimizes for yield. Dawn tranches risk. Senior depositors access autoUSD's multi-destination yield with a minimum Junior buffer absorbing drawdowns before they're affected at all times.
Junior depositors step into first-loss exposure in exchange for a premium as compensation for the risk they're actually taking on.
Optimized yield is one thing. Choosing how much risk comes with it is another. Dawn makes both possible.