---
title: "Hold senior, junior or liquidity provider tranches of DUSD/sr-DUSD/USDC on Royco"
description: "Stake in the DUSD/sr-DUSD/USDC senior, junior or liquidity provider tranche of a Royco Day market to earn rewards. The junior tranche absorbs losses first and earns a risk premium on senior yield; the liquidity provider tranche market-makes senior exits and earns a liquidity premium; the senior tranche is the protected leg and keeps the residual yield."
canonical: "https://app-a.merkl.xyz/opportunities/14928792980293281928"
chain: "Ethereum"
protocol: "royco"
type: "ROYCO_DAY"
page: 1
items: 25
totalPages: 1
lastCampaignCreatedAt: 2026-09-17T12:00:53.000Z
generated: "2026-09-22T11:15:31.031Z"
---

# Hold senior, junior or liquidity provider tranches of DUSD/sr-DUSD/USDC on Royco

## Back to

- [Opportunities index (HTML)](https://app-a.merkl.xyz/)
- [Ethereum chain (markdown)](https://app-a.merkl.xyz/chains/ethereum.md)
- [royco protocol (markdown)](https://app-a.merkl.xyz/protocols/royco.md)

Stake in the DUSD/sr-DUSD/USDC senior, junior or liquidity provider tranche of a Royco Day market to earn rewards. The junior tranche absorbs losses first and earns a risk premium on senior yield; the liquidity provider tranche market-makes senior exits and earns a liquidity premium; the senior tranche is the protected leg and keeps the residual yield.

## Key metrics

- **Total Value Locked**: $0.03
- **APR**: 0.00%
- **Native APR**: —
- **Daily rewards**: $0
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: royco

## Tokens

- [sr-DUSD/USDC](https://app-a.merkl.xyz/tokens/sr-DUSD%2FUSDC.md)
- [DUSD](https://app-a.merkl.xyz/tokens/DUSD.md)

## Campaigns : page 1 of 1 (1 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [60046645…](https://app-a.merkl.xyz/opportunities/14928792980293281928/campaigns/6004664560725152092.md) | live | [makina-points](https://app-a.merkl.xyz/tokens/makina-points.md) | 0.00% | $0 | 2026-05-07 | 2026-11-06 |

## Participate

- [Deposit](https://dawn.royco.org/explore)

## Links

- [Open in Merkl App (HTML)](https://app-a.merkl.xyz/opportunities/14928792980293281928)
- [Ethereum chain page](https://app-a.merkl.xyz/chains/ethereum)
- [royco protocol page](https://app-a.merkl.xyz/protocols/royco)