Berachain-based liquidity platform Boyco went stay on Tuesday with over $2.2 billion in pre-deposits.
The pre-launch liquidity platform is in-built collaboration with Enso, Berachain and LayerZero.
It goals to resolve the the chilly begin downside for brand new decentralized purposes (dApps) by making certain they’ve ample liquidity from day one. This method theoretically helps dApps entice customers instantly upon launch, giving them a head begin within the aggressive DeFi area.
Royco is a protocol on Berachain that allows the creation of liquidity markets the place protocols can negotiate with liquidity suppliers (LPs) to safe liquidity. Boyco is a selected implementation of Royco tailor-made for Berachain’s mainnet launch.
By way of Boyco, purposes can create pre-launch liquidity markets the place customers can deposit belongings earlier than the mainnet goes stay. Customers deposit belongings into vaults, that are then locked till Berachain’s mainnet launch. Depositors could also be rewarded with tokens or factors from Berachain or taking part dApps.
“Throughout Boyco, customers will see over 100 Berachain markets that permit them to deposit a single sided deposit or a two sided deposit,” the workforce mentioned in a Tuesday X submit. “These Boyco markets can be rewarding depositors with varied quantities of BERA and app degree incentives.”
This system can be on the Ethereum mainnet till Feb. 3 earlier than the liquidity is finally bridged over to Berachain alongside current lockups, per the Boyco workforce. Over 2.0% of all BERA — considered one of Berachain’s upcoming tokens — can be rewarded through Boyco participation.
In the event you didn’t get within the first 24 hrs – it’s nonetheless early. Boyco runs till Feb 3 at 12 AM UTC.
dApps & purposes are providing Factors, token incentives, and BERA for person deposits, which can be bridged and deposited on Day 1 of Berachain.
2.0% of all BERA is being rewarded…
— Royco (@roycoprotocol) January 29, 2025
Berachain is an upcoming blockchain that makes use of a proof-of-liquidity consensus mechanism to reward liquidity provision. It has chalked up a cult following on X up to now yr and enjoys an engaged group.
The blockchain is humorously set to launch in “Q5,” a non-existent quarter past This autumn, including to the anticipation for taking part in Berachain-related platforms forward of its mainnet launch.
