What's the purpose of 2fa recovery codes?

I’m using Raivo on iOS for 2FA codes which backups/syncs encrypted to iCloud. I’d like to move away from them and use my Yubikeys for TOTP as well.

I have two Yubikeys which I’ll use for that. Nevertheless it can happen that in case of a fire both of the keys are getting burned and I need a recovery/backup code.

Since I could backup the seed phrase, do I really should backup the recovery code?

Where do you guys store these and in what format?
Thanks in advance

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