This could be beneficial for circular economy projects, and we see strong potential synergy between TYKORA and the [2601 Grant] Circular Economies proposal by @Seviramar
We find TYKORA an interesting idea, especially since similar models like PoolTogether have shown that the no-loss lottery concept can work. TYKORA focuses on the supply side by encouraging DoC/USDRIF deposits through prizes, while Seviramar’s project focuses on the demand side by onboarding communities to borrow and use those stablecoins.
We believe these two initiatives could strongly complement each other. If TYKORA succeeds in attracting TVL, it would help reduce the liquidity availability risk for those communities in circular projects—which was one of the key concerns we raised in the Seviramar proposal.
One question we have for TYKORA: Is TYKORA currently designed to rely on a single yield source, or is it designed to support multiple yield protocols over time?