# Last Week at Royco #8 - Financing the Real World 

**Published by:** [Royco](https://blog.royco.org/)
**Published on:** 2026-06-22
**Categories:** royco, defi, tranching, weekly, credit
**URL:** https://blog.royco.org/last-week-at-royco-8-financing-the-real-world

## Content

DeFi's biggest opportunity is credit: becoming the place real businesses come to raise money. Jai, co-founder of Waymont, walked us through that vision last week. Probably our highlight. TL;DR A case study now breaks down what Royco can do with LiFi Protocol Composer: deposits in any token, from any chain, into the vaults. Royco Talks #3 with Jai Bhavnani is live. The future of credit onchain, and the next version of the protocol. New article: why a Senior tranche is the cleanest collateral your asset can become. apyUSD still in Observation Period. TVL crossed $22.1M, with yields among the most competitive in DeFi. Deposit Any Token, From Any Chain srRoyUSDC now takes deposits in any token, from any chain, and lets you withdraw to any token. Powered by LI.FI Composer. Royco's vaults are permissioned at the mint and redeem layer, which usually makes "deposit any asset" impossible. LI.FI cleared it without touching the security model, using KYB'd solvers approved to complete the deposit. Those solvers only fill when their quote beats our secondary routes, like Curve. LI.FI @lifiprotocol x.com/i/article/2067… 24 12:01 PM • Jun 18, 2026 Royco Talks #3: Jai Bhavnani For the first time on Royco Talks, the guest is one of our own. Jai Bhavnani, Waymont cofounder and Royco contributor, built Rari Capital into a billion-dollar lending protocol before this. He walked us through where Royco is now, and the bigger bet shaping what comes next. Startups have always raised from venture, and the price was equity. Founders sold part of their upside to fund growth. The companies building data centers, GPUs, robotics, and self-driving fleets face the same problem. Royco will offer another path: raise onchain by paying yield to the people who fund you, instead of selling equity to investors. The company keeps its upside, and LPs earn the yield. We help these companies launch onchain, then scale the model across DeFi. Hear it from Jai. The full episode: Royco @roycoprotocol 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 18 12:28 AM • Jun 16, 2026 Better Collateral, More TVL A new article on our blog: how Senior tranches unlock new demand for any yield bearing asset. Lenders underwrite collateral quality, not yield. A Senior tranche raises that quality: drawdown protection and lower realized volatility earn higher LTVs than the underlying. For you, that means leverage demand, new lending integrations, and TVL flowing into a strategy you already run. If you tranche it with Royco, your asset will reach markets it can't reach today. Royco @roycoprotocol x.com/i/article/2067… 20 11:36 PM • Jun 17, 2026 Across the Markets Avant savUSD sits behind a deep Junior buffer. Double drawdown protection on one of the cleaner yield bearing stables onchain. apyUSD is still in Observation Period. The mechanism continues to do its job, every metric visible live in the app. sUSDai is one to watch. Coverage on top of coverage, with USD.AI 's loans secured by the GPUs powering the AI economy. Where This Is Going The bigger bet: a place where real businesses raise money onchain, and the yields of the real economy reach anyone. Royco wants to be the partner across that whole path. Oh, and TVL crossed $22.1M last week. Billions ahead. Still early.

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