Royco Senior Tranche apyUSD · by Royco · stable
ROY-ST-apyUSD is the senior tranche of Royco's yield-tranched market on Apyx's apyUSD. Both tranches deposit into apyUSD, which earns preferred-equity dividend yield; the senior tranche takes buffered base yield while junior depositors absorb first losses.
Spiral Stake supplies ROY-ST-apyUSD as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more ROY-ST-apyUSD — looping in a single transaction to amplify the underlying Yield Tranching yield. Because the assets are price-correlated, the position targets a higher APY rather than a directional bet, with every cost and liquidation threshold shown upfront.
Leveraged ROY-ST-apyUSD yield is a strategy that loops ROY-ST-apyUSD on the Morpho lending protocol to multiply your exposure to its Yield Tranching yield. Spiral Stake executes the whole loop in a single transaction.
ROY-ST-apyUSD earns yield from Yield Tranching, issued by Royco. Looping amplifies that base yield.
Leveraged positions carry liquidation risk if collateral value falls relative to the borrowed asset, plus smart-contract and market risk. Every cost and liquidation threshold is shown before you confirm.
Live APY, leverage multiplier and available liquidity are shown in the app.