Royco
@roycoprotocol
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The Incentivized Action Market (IAM) Protocol.
Joined April 2024
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Today, we proudly introduce Royco: the Incentivized Action Market (IAM) Protocol.
It's an entirely new primitive. Here's everything you need to know 👇
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Introducing Royco: The Liquidity Coordination Protocol.
With $65M+ already on the waitlist, Royco enables the negotiation of liquidity.
Details on how to get early access at the end of the thread 👇
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Berachain 🤝 Royco
Are you entertained, anon?
Today we reveal Berachain's Request for Broposal (RFB).
The RFB Program consists of three components:
- Boyco
- Request for Application
- Request for Community
RFB is designed to resource early teams & give a sneak peek into a novel way for apps to seed mainnet liquidity.
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Dear Anon,
The third and final audit began earlier this week. With the top security researchers in the space.
We expect a lot of TVL. Accordingly, security is our
#1
priority.
Your wait is almost coming to an end. Stay tuned.
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Welcome new followers. Tomorrow is a big day. I am so excited to share it with you all.
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There is currently $98,426,320.39 on the Royco waitlist. Don't miss out.
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The Royco Protocol has been open-sourced for peer review 🚨🚨🚨
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Finally:
If you're interested in earning incentives from the best projects in crypto...
Join the waitlist. Connect more assets to get in first:
Join our Telegram Group for updates here:
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Dear Anon,
Today marks the halfway point for the third and final audit. We feel really good about it so far.
Plus, some superstars have joined us and have been, well, killing it.
Excitement is at a new ATH every day. This will be a GREAT next few weeks.
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Some Royco Alpha.
IAMs are Markets for Onchain Actions (ie deposit, mint, etc.)
The IAM design ensures max capital efficiency.
Incentive Providers can (i) Save incentives or (ii) Capture growth.
Possible bc Action Providers create quotes to do the Action for varying prices.
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Next Tuesday will be a very big day. Keep an eye out.
You might want to turn on notifications. The first will certainly be rewarded.
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1⃣ Waitlist
If you haven't already, connect your wallet to Royco to join the waitlist ().
Your contributions to kickstarting the Royco Protocol will be noted.
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WHAT IS IT
Markets for completing transactions✨
1/ Turn any transaction into a market (i.e., deposit, mint, etc.)
2/ Anyone can add incentives to the market
3/ Users can complete the tx for the incentives or negotiate for more
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Liquidity is the most valuable resource in crypto.
Yet, market participants coordinate liquidity via inexact mechanisms like airdrops, liquidity mining, and backroom deals which leak excessive value.
Royco is the end game for efficient liquidity coordination.
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WHEN ⏳
Royco is currently in audits. There will be more major announcements in the next few weeks.
Turn on notifications 🔔
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If you're a project looking to run incentives on Royco, read more here:
If you're a developer looking to build applications on Royco, read more here: .
We welcome yield aggregators, front-ends, and anyone interested.
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It is 40 minutes later, there is currently $140,674,556.29 on the waitlist. This is pretty nuts.
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CURIOUS?
Learn more at today's announcement:
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Royco has not yet launched. There are no live contract deployments. There is no token contract.
Stay tuned.
--- End of tweet thread ---
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The Royco Order Book uses Coordinators to unlock liquidity negotiation.
Incentive providers e.g. projects create orders, like "We'll pay X tokens for Y liquidity" or "We'll pay 10 tokens for $1m liquidity."
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SO WHAT 🤷🏽
BILLIONS are spent inefficiently on incentives annually.
And TENS OF BILLIONS are allocated to these incentive campaigns.
Royco introduces efficiency to both parties.
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SO WHAT 🤷🏽 PT. 2
PLUS, over the last 12 months, the "meta" has been off-chain negotiations exclusive to whales, HNWIs, etc.
Now, it will be accessible to all.
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It all begins with a Liquidity Coordinator.
Coordinators are immutable pools that define what happens to an LP's assets when supplied. They are entirely programmable.
Examples:
- Deposit USDC into Aave and lock liquidity for 30 days
- LP ETH/DAI Uniswap
- Lock LRT for 1 year
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Incentive providers can now save lots of money and access LPs easily.
The relationship between incentives and TVL is non-linear, and an order book enables participants to leverage that.
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WHAT IS IT PT. 2
These transactions can be:
(1) Into Vaults: In and out of ERC4626 Vaults
(2) Into Recipes: Any arbitrary smart contract calls
This flexibility allows developers to build spectacular experiences and exciting new markets.
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Update:
As of today, our second audit by Cantina (
@cantinaxyz
) was completed. One more. Then launch. Stay tuned.
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Users can fill these orders.
When an order fills, the assets from the LP are supplied to the Coordinator. And the incentive is sent to the LP.
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WHY?
There are TONS of applications of Royco...
- Liquidity: Measure and capture latent liquidity for each $ of incentives
- Lockups: Understand hurdle rates for each user's lockup
- Voting: Incentivize a vote
And so much more.
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Users can access opportunities previously fragmented and limited to whales.
By aggregating users in an order book, it is more impactful than any individual whale or group. And now users can exit positions easily.
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Users may alternatively create counter offers.
They can create orders, like "Instead, I'll provide Y liquidity for Z tokens" or "I'll provide $100m of liquidity for 1000 tokens."
Incentive providers may fill these offers. They may even do so automatically with smart contracts.
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3⃣ Incentive Partners
We are assembling our first cohort of Incentive Providers.
If you're interested in joining, apply through the link on the docs:
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Each position is tokenized.
This means if a market chooses to lock your supplied assets for some duration, you can exit by selling your position or redeeming, if possible.
This also unlocks a lot of interesting dynamics around locked assets like points or unvested tokens.
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Finally, thanks for your support 💟
The waitlist, the incentive provider inbound, etc. - it's all growing so much faster than we could have imagined! This wouldn't have been possible without you.
We cannot wait to share Royco with you.
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2️⃣ Referrals
Share the waitlist with your friends, and give them your email address.
If they sign up using your email, it will be noted in our system!
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Same, brother.
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@delucinator
@0xgodking
We won't let you down.
Albeit, I don't really get the comparison to Pendle tbh. Think Pendle+Royco will blow some minds.
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