Tyche Protocol: Igniting the Next Phase of the Revolution

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Tyche Protocol

5 min readOct 18, 2023

Greetings to all,

Today, we invite you to uncover the true essence of TYCHE and gain a deeper understanding of the innovation that underpins our project.

Key Points:

The Roadmap
The Multichain DEX
The NFT Lending Platform
Fee Distribution and Its Impact on Our NFTs and Token

Within this article, you will discover the advantages of holding Tyche NFTs and the $TYCHE token, allowing you to fully immerse yourself in our ecosystem.

The Roadmap :

Our Roadmap:

𝐑𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐮𝐫 𝐍𝐅𝐓 𝐜𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 (Done)
𝐑𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐮𝐫 𝐒𝐭𝐚𝐤𝐢𝐧𝐠 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 (Done)
𝐑𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐮𝐫 𝐃𝐞𝐱 (Under development)
𝐑𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐮𝐫 𝐍𝐅𝐓 𝐥𝐞𝐧𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 (Under development)
𝐑𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐮𝐫 𝐌𝐚𝐫𝐤𝐞𝐭𝐩𝐥𝐚𝐜𝐞 (Under development)

Our vision :

𝐍𝐅𝐓 -> Yield Bearing assets
𝐒𝐭𝐚𝐤𝐢𝐧𝐠 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 -> Yield Bearing Management
𝐃𝐞𝐱 (𝐂𝐨𝐧𝐜𝐞𝐧𝐭𝐫𝐚𝐭𝐞𝐝 𝐥𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲) -> Revenue generator for our NFTs
𝐍𝐅𝐓 𝐥𝐞𝐧𝐝𝐢𝐧𝐠 -> Additional utility + Revenue generator for our NFT
𝐌𝐚𝐫𝐤𝐞𝐭𝐩𝐥𝐚𝐜𝐞 -> Revenue generator for our NFTs

Details on our product launch phases (we are in MVP phase):

Revenues per phase of Development :

Revenue generation:

Phase 1 : No revenue generation
Phase 2 : Start of the revenue generation for our NFTs
Phase 3 : Revenue generation For NFTs staking / LP positions / Solo assets positions
Phase 4 : Revenue generation for NFTs staking / LP positions / Solo assets positions / NFT Lending Platform

Leading to the TYCHE Flywheel :

To reach this point, it’s essential to have multiple components in place.

The most critical aspect at the heart of our project is our Dex. It serves as the engine, enabling the operation of all applications through LPs (Dual & Solo assets).

The Multichain Dex :

Our Dex features two different pool types:

Dual asset pools, which you’re already familiar with, will create the necessary market depth for our protocols and partners.
Solo asset pools, which support the lending platform and will provide high yields due to exchanges made on the platform.

This means merging the lending function with the DEX function.

What’s important to note is:

As we operate in the LayerZero environment and aim to expand across all Layer 2 solutions for our NFTs, it has become crucial to deploy our DEX on all these chains to provide market depth on each chain.

While liquidity and NFT projects are currently fragmented and contained within their own ecosystems, it’s important to offer a solution that respects this framework while maintaining the multi-chain vision, which will take time to fully deploy.

To achieve this, we will leverage one of the most efficient liquidity features, concentrated liquidity, which will optimize LP providers’ yields without the need to deploy millions of dollars on each chain.

NFT Lending Platform :

Through our NFT lending platform, you’ll be able to use your NFTs as a tool for DeFi.

This is one of the most significant innovations introduced by TYCHE.

The concept of this application is to enable anyone who owns NFTs (according to specific rules) to:

Make their NFTs work with lending and open a line of credit.
Borrow tokens ($TYCHE / $ETH / $USDC) against their line of credit to seize opportunities without touching their other positions.

This line of credit will be opened in the same way as on a standard lending platform.

Of course, you won’t be able to borrow money without collateral.

Two collateral requirements will be imposed:

The NFT itself will be placed in a pool that can sell it in case of liquidation.
A minimum of 20% of the total value of your collateral in the solo asset pools.

Why?

In the event of liquidation, the NFT will be sold at a price 10 to 20% below the floor price automatically by the liquidation protocol.

To avoid systemic risk, you won’t be able to borrow more than 50% of the value of your NFT, and this percentage will be determined based on the NFT’s type, ranging from 20% to 50%.

To ensure sufficient liquidity for the protocol and also avoid systemic risk, 20% of the total value of your NFTs must be placed in the solo asset pools during the loan term.

This portion will not be liquidated, as it belongs to you, but it helps maintain constant liquidity.

Good news: 83% of the fees applied by the application will go to you by participating in the solo asset pool.

You will have different type of Borrowing and we will come on that point in the future.

But to satisfy your curiosity, here are the scenarios:

Fee Distribution and Its Impact on Our NFTs and Token :

As you’ve probably understood, there are two types of pools, each serving different purposes. Consequently, they will also reward users in different ways: