If the Kyra is anything like every other Waldorf, it will and it will use plain old 1-127 CC messages, maybe NRPNs. My Blofeld doesn't even have any 'high resolution' parameters, maybe they got with it for the Kyra, but not likely, they tend to do MIDI 'by the book' sort of. The thing that will throw you off is the parameters themselves. An envelope modulation control doesn't want to start at 0, which would be fully negative. It wants to start at 64 in the middle, so you can go positive or negative. Grab the user manual for it and take a look, Waldorf always has a MIDI implementation chart in the back that will tell you how to setup each controller in that respect whether its a -63 to 64 parameter or a 1-127, or something like the wavetable selection on the Microwave that only recognizes 1-63, or Oscillator shape on the Q which only goes from 1-5.
Now my Bass Station 2 uses dual CC's for a bunch of parameters, which has made making a device panel in Cubase impossible. My Prophet Rev 2 is the same way, but they recommend you set it to use NRPN's instead. With things like the Bass Station's filter cutoff, one CC controls the main cutoff value of 1-127, the second one, moves that value in decimal points so you get a wider sweep range. You CAN use just the first control, but you might hear it 'stepping' through the cutoff values instead of a smooth sweep from start to finish. The Kyra should be perfectly fine either way.
