# Royco

> GET /v1/integrations/royco for indexed Royco Dawn market data.

## GET /v1/integrations/royco/markets/\{slug\}

Return an indexed Royco Dawn market with tranche metrics and Philidor underlying risk status. Philidor does not fabricate tranche-specific risk scores.

### Path Parameters

| Parameter | Type   | Description                             |
| --------- | ------ | --------------------------------------- |
| slug      | string | Royco market slug such as `ember-eearn` |

### Response

```json
{
  "data": {
    "slug": "ember-eearn",
    "id": "royco-market-id",
    "chainId": 1,
    "marketId": "1",
    "name": "Example Royco Market",
    "status": "active",
    "tvlUsd": 1000000,
    "senior": { "name": "Senior", "tvlUsd": 700000, "apy": 0.05 },
    "junior": { "name": "Junior", "tvlUsd": 300000, "apy": 0.12 },
    "underlyingRisk": {
      "status": "available",
      "source": "vault",
      "vaultId": "morpho-1-0x...",
      "score": 8.1,
      "tier": "Prime",
      "reason": "Underlying vault risk is available"
    },
    "underlyingComposition": null,
    "riskReview": null
  }
}
```

Unindexed markets return `404` with the standard error envelope.