Royco Protocol

• Name: Royco Protocol
• URL: https://docs.royco.org/
• Category: incentive-market protocol / action-pricing layer / liquidity-bootstrapping rail
• Tags: ethereum-ecosystem
• Summary: Royco Protocol is a market for buying actions. Instead of spraying rewards after the fact, it lets incentive providers and action providers post terms for deposits, lockups, votes, mints, or transaction recipes and clear when those terms cross. Useful because it turns liquidity mining and growth campaigns into explicit price discovery for user behavior.
• What it does:
  • Lets anyone create an Incentivized Action Market around either an ERC-4626 vault deposit flow or an arbitrary Weiroll-defined transaction recipe
  • Allows Incentive Providers to post token or points incentives and Action Providers to post minimum acceptable reward terms for completing the targeted action
  • Programmatically executes the action and incentive allocation when the two sides’ onchain intents satisfy each other
  • Supports “Collateralized Intents” for vault-based markets, letting users express multiple conditional offers against assets already deployed in ERC-4626 vaults
  • Supports non-transferable Royco points programs that emit award events instead of maintaining token balances, making points a controlled incentive asset rather than a freely tradable token
  • Ships factory and market-hub contracts for wrapped vaults, recipe markets, points campaigns, and Weiroll wallets across Ethereum, Arbitrum, and Base
• Key claims:
  • The introduction docs frame Royco as an Incentivized Action Market where incentive providers and action providers post terms until an onchain action clears and incentives are atomically allocated. That is a behavior-pricing market, not a normal campaign dashboard.
  • The protocol splits into Vault IAMs and Recipe IAMs, so the target can be either an ERC-4626 deposit path or a more arbitrary Weiroll-defined transaction bundle.
  • Vault IAMs support “Collateralized Intents,” meaning users can leave multiple conditional offers against assets already sitting in ERC-4626 vaults. That is one of Royco’s clearest capital-efficiency claims versus simpler campaign systems.
  • Royco points contracts are non-transferable and emit award events through approved Royco contracts rather than maintaining transferable balances. That makes points a controlled incentive rail, not a free-floating token.
  • The public site now foregrounds Royco Dawn while the docs and IAM repository still describe the older action-market protocol. The split matters because the brand is drifting from pure action pricing toward a broader liquidity-formation umbrella.
• Whitepaper: No canonical standalone Royco Protocol whitepaper surfaced in this pass. The strongest primary materials were the official IAM docs, the launch post, the points-campaign docs, the applications page, and the protocol GitHub README; see ../whitepapers/royco-protocol-primary-sources-2026-05-09.md.
• Sources:
  • https://docs.royco.org/
  • https://docs.royco.org/more/how-it-works
  • https://docs.royco.org/overview/applications
  • https://docs.royco.org/for-incentive-providers/incentivize-iams/setup-a-points-campaign
  • https://paragraph.com/@royco/introducing-royco
  • https://github.com/roycoprotocol/royco
  • https://www.royco.org/

Internal linkages

• Best adjacent reads: boost-protocol and merkl.
• Newer Royco governance-and-infrastructure boundary around the Dawn product line: royco-foundation.

Control surface

• The leverage sits in market-template design, Weiroll recipe expressiveness, approved points-contract paths, supported chains, and the discovery layer that decides which markets attract flow.

• Treat Royco as action-pricing infrastructure, not as neutral rewards plumbing.

• If the question turns from IAM mechanics to the named operator boundary now governing Royco-branded tranche products, move upward to royco-foundation.

• Last reviewed: 2026-08-13 UTC