srRoyUSDC is the senior tranche of Royco's risk-tranched USDC vault, curated by Dialectic. It earns diversified yield across multiple sources while junior capital absorbs first losses, giving senior holders buffered, downside-protected returns.
This is a max-APY yield loop: srRoyUSDC is supplied as collateral and USDC is borrowed against it on Morpho, then recycled back into srRoyUSDC to multiply the underlying Curated DeFi Yield yield. Because the two assets are price-correlated, the position targets amplified yield rather than directional price exposure.
Live APY, leverage multiplier and available liquidity are shown in the app.