Exponent Yield Exchange offers tools to trade interest rates, hedge yield risk, and access automated on-chain yield vaults.
Royco V2
Royco V2 splits yield sources into senior, junior, and senior LP tranches so users can compare rates, capacity, and protection.
About Royco V2
Royco V2 divides yield sources into Senior, Junior, and Senior LP tranches. Users review a market or vault by rate, capacity, liquidity, lockups, and withdrawal mechanics, then select a tranche. Senior receives base yield with first-loss protection from Junior, Junior takes first loss in exchange for higher yield, and Senior LP relates to Senior's exit pool for fees plus a premium.
Tranche shares can be posted as collateral on lending markets, used with a loop, locked for a fixed rate, or traded through the Senior LP pool. Availability varies by market, with Senior LP shown as not offered in some cases. The site reports $3.1B in all-time volume and lists audit, monitoring, and upgrade-approval information.
Key features
- Split yield sources into Senior, Junior, Senior LP tranches
- Compare rate, capacity, liquidity, lockups, withdrawal mechanics
- Hold Senior for base yield with Junior first-loss protection
- Hold Junior for amplified yield while taking first loss
- Use tranche shares as collateral, leverage, or fixed-rate lock
- Exit or enter via Senior LP pool trading
Best for: Capital allocators who want to compare yield markets and select a tranche structure.
Good for
- Shows rate, capacity, liquidity, lockups, and withdrawal mechanics per market
- Separates yield and loss so Junior takes losses first
- Publishes audit count, monitoring practice, and upgrade approval process
Watch out for
- Senior LP participation is shown as not offered for some markets
Royco V2 at a glance
- Website
- royco.org
- Category
- Crypto & Blockchain › DeFi Protocols
- Type
- Website
- Pricing
- Not confirmed. Check the site
- Platforms
- Web
- Open source
- Not stated
- Language
- English
- Last checked
- Oct 5, 2026 · Online when checked
- Listed
- Oct 5, 2026
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Royco V2 FAQ
How do the tranches differ?
Senior receives base yield with first-loss protection from Junior, Junior takes first loss for higher yield, and Senior LP relates to Senior's exit pool for fees plus a premium.
What can users do with tranche shares after allocating?
Post them as collateral on lending markets, add leverage through a loop, lock a fixed rate, or trade through the Senior LP pool.
How are losses applied?
Losses hit Junior first.
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