From Boyco to Full PoL Empowerment: Opening a New Era

When Berachain initially launched Boyco, the goal was clear: to provide ample and stable initial liquidity for dApps, allowing projects to focus on development rather than being constrained by short-sighted liquidity providers. Through the pre-deposit market, users can deposit assets to receive future token rewards and early rights to profits. Within weeks, the program attracted over $25 billion in funds flowing into more than 100 markets, with approximately 150,000 users participating.

As the lock-up period approaches its end, early participants will simultaneously receive BERA and LP voucher tokens, needing to find new places for their funds. This is the origin of the Boyco Rollover plan.

Choices After Migration

Based on the specific Boyco market you participate in and the BERA rewards you have obtained, there are various follow-up options available. It is recommended to first browse BeraHub or the various LST platforms to understand the available strategies. You can choose the reward vault with a higher BGT capture rate, or the vault with the highest APR, or a combination of both. Once you determine your goals, PoL is the best choice.

The following introduces several typical capital migration strategies, covering different risk-return characteristics:

solvBTC.BBN/solvBTC

• APR is approximately 2.6%
• BGT capture rate is approximately 1.0%
• Platform: Kodiak

SolvBTC is a yield-bearing BTC certificate on Berachain, and BBN increases the benchmark BTC staking dividends. By depositing solvBTC.BBN and solvBTC into the Kodiak liquidity pool and staking receipt tokens, robust returns can be achieved. It is suitable for BTC holders who wish to hold hard currency and receive moderate PoL dividends.

wBERA/HONEY

• APR approximately 57%
• BGT capture rate is approximately 18.9%
• Platform: Kodiak

The pool combines the wrapped BERA and HONEY(, Berachain's native over-collateralized stablecoin ), providing depth for the chain's core accounting unit. LPs can earn trading fee income and a high share of BGT issuance. The risk of impermanent loss is asymmetrical, suitable for users who wish to earn substantial PoL rewards but are not willing to endure full memecoin volatility.

byUSD/HONEY

• APR is approximately 2.8%
• The BGT capture rate is approximately 3.2%
• Platform: BeraHub

BYUSD is the native, yield-generating stablecoin of Berachain. Pairing it with HONEY allows hedging funds to mine BGT in a stable range while increasing liquidity for high-volume tokens. The APR is moderate, making it suitable for stablecoin LPs seeking low slippage and stable returns.

wETH/WBERA

• APR approximately 46.9%
• BGT capture rate is approximately 3.6%
• Platform: Kodiak

Suitable for users holding bridged ETH and wishing to maintain L1 exposure. By providing liquidity in Kodiak and staking LP receipts, one can earn an integrated APR of nearly 50%, including trading fees and BGT earnings. This is a good neutral choice for users who prefer blue-chip assets but can accept some price volatility.

BTC/ETH/Stability Coin Strategy

If you do not want to participate in BGT farming, Berachain's currency market and credit layer offer options to earn passive income through unilateral deposits, with some also gaining validator emissions. Here are some real-time strategies:

related to BTC

• BeraBorrow: Deposit SolvBTC/uniBTC/STONEBTC/PUMPBTC to earn a floating supply APR of 8-18%.
• Kodiak: wBTC unilateral lending pool, deposit interest rate 10-25%
• Concrete: Cast cIBERABTC/cIBTC/cIBeraUNI, obtain 12-22% basic income and a small amount of BGT rebate.

ETH related

• Dolomite: Deposit BeraETH and weETH to earn a floating APR of 5-20%
• BeraBorrow: rsETH/BeraETH/WETH simple deposit, earn 6-15% returns

stablecoin related

• Yearn:dHONEY Vault, 12-25% APY
• Dolomite: sUSDe deposit, 8-15% yield
• Euler:HONEY lending, 20-40% interest rate plus 2-4% BGT yield
• Kodiak: USDa-sUSDa and rUSD-HONEY LP, 15-30% trading fee rewards plus BGT incentives

Three Quick Paths of BERA

For users who only want to manage BERA, Berachain provides three simple solutions:

1. Staking to the vault: such as gBERA-iBERA or wBERA-iBERA, with an annual interest rate of up to 150-165%.

2. Deposit BERA into the lending protocol: lend BERA on Dolomite or Euler, supply interest rate 20-100% APR

3. BERA LST: Package BERA into iBERA or gBERA to obtain a base yield of 5-8%.

Rollover Operating Mechanism

Boyco Rollover is a guided exit channel that allows you to convert your pre-deposits into PoL collateral in just three steps:

1. Claim and display options: One-click to claim all positions and earned BERA.

2. Smart recommendation priority: Highlight whitelist reward vault based on real-time data

3. One-click exchange and deposit: automatic routing transactions, completing asset exchange, LP deposit, and staking.

You can obtain BGT after staking, and you can choose to reinvest or upgrade the validator. The newly minted BERA can be quickly reinvested into BERA-denominated LST pairs, money markets, or interest-earning LST.

The Importance of Rollover

Rollover marks Boyco LP's official advancement to PoL participant:

• Instant ability to earn BGT rewards
• Gain Validator Influence
• Enhanced composability

In short, through a Rollover, users grow from passive depositors to PoL participants with governance weight and recursive yield paths.

Conclusion

Rollover has opened a new era of active participation in Berachain and PoL from passive pre-staking. Users can flexibly allocate funds according to their risk preferences through a simple interface. Berachain's composable voucher tokens allow participants to adjust strategies flexibly in response to market changes.

It is recommended that users pay attention to the official channels of the foundation to stay updated on the latest developments. By continuously monitoring key indicators and systematically rebalancing asset allocation, the optimal risk-return ratio can be maintained.