# This Week at Royco #7 - More Than Tranching

> A quiet week publicly. A busy one behind the scenes. 

**Published by:** [Royco](https://blog.royco.org/)
**Published on:** 2026-06-15
**Categories:** royco, defi, tranching, weekly
**URL:** https://blog.royco.org/this-week-at-royco-7-more-than-tranching

## Content

TL;DR Several integrations are approaching launch. The next phase of the protocol is coming together. A full redesign of the Royco app is underway. Tranching was the starting point. What's coming next is much broader. Behind the Curtain It was a quiet week publicly, but one of our busiest behind the scenes. Several integrations we've been building for months are now close to launch, while work on the protocol's next phase continues in parallel. It builds on what Dawn introduced and expands Royco into an area of onchain credit that remains largely unexplored. More on that soon. A Full App Redesign We're rebuilding the Royco app from the ground up, not as a refresh, but as a redesign built around what's coming next. The goal is simple: cleaner navigation, more products in one place, and a better experience for anyone using DeFi to earn yield. The current app is already doing something that's still rare in DeFi: letting users watch a real stress event unfold with complete transparency. Throughout the apyUSD Observation Period, every key metric has been available live. We're getting close to seeing the outcome. If the mechanism behaves as designed, it will be a strong demonstration of how this model handles market stress. Across the Markets A few things worth flagging from this week: Avant savUSD utilization hit 100%. Junior is sitting right at the coverage floor, and yields are climbing. Effectively a mezzanine position on one of the cleanest yield bearing stables onchain. apyUSD is still in Observation Period. Junior is recovering as 100% of yield gets redirected to rebuild the buffer. Neutrl sNUSD Junior keeps printing. 25.45% 7-day average APR. Since launch on March 27, @Neutrl Junior holders have accrued close to 3%. Where This Is Going Royco started with tranching. The next chapter goes much further. We're building the infrastructure for onchain yield. One place to discover, access, and build on the next generation of yield products; from yield-bearing assets and structured credit to RWAs and products built on Senior and Junior exposure. Capital is moving onchain, but the experience is still fragmented. We think it should be simpler. If you're building, allocating, or looking for yield, keep watching Royco. We're just getting started. What's Next A lot of what we've been working on is nearly ready. New markets, new integrations, a redesigned app, and a closer look at what's coming next for Royco. Stay tuned.

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