From Boyco to Comprehensive PoL Empowerment: Major Changes

Boyco Migration Plan Announcement

The intention behind Berachain's launch of Boyco is simple: to provide deep and stable liquidity for dApps on the first day of their mainnet launch. This allows project teams to focus fully on development, rather than facing profit-driven liquidity providers without a clear plan.

The project team has established a pre-deposit market where users can deposit assets in exchange for future token rewards and early income/participation rights. In just a few weeks, the results have been remarkable: over $2.5 billion in TVL has flowed into more than 100 markets, with approximately 150,000 wallets participating.

The lock-up period is about to end. Each early depositor will receive both BERA and LP voucher tokens, starting to look for new investment opportunities.

This is the origin of Boyco Rollover.

Opportunities After Migration

Based on the Boyco market you participated in, the types of assets you hold, and the BERA rewards you received, there are various follow-up investment opportunities. It is important to weigh all options before the fund migration.

First, it is recommended to visit the relevant platform and personally browse the available strategies.

Would you like to deposit funds into the BGT reward vault with a higher capture rate? Or the vault with the highest APR? Or both? Once you've determined your target, PoL is your best choice. If you're still hesitating, the following will introduce several fund migration strategies, the types of assets accepted by these vaults, and their differences in risk and BGT emission.

Let's first take a look at some opportunities for reward vaults.

Partial Reward Vault Opportunities

The migration interface will list about 40 target options, here we introduce four specific vaults, covering different risk-return characteristics - from robust BTC collateral to full-staked HONEY. Each vault description includes: LP token source, current APR and BGT capture share, and the problem that this vault solves for the Berachain economic system.

solvBTC.BBN/solvBTC

APR approximately 2.6% | BGT capture rate approximately 1.0% | Platform: Kodiak

SolvBTC can be seen as a revenue-generating, certificate-wrapped Bitcoin of Berachain; BBN adds a benchmark BTC staking dividend. By depositing SolvBTC.BBN and SolvBTC into the Kodiak liquidity pool, staking receipt tokens can be minted. The yield is conservative: suitable for BTC holders who only want to store hard currency, receive moderate PoL dividends, and hope to maintain value.

wBERA/HONEY

APR approximately 57% | BGT capture rate approximately 18.9% | Platform: Kodiak

This pool will combine BERA with HONEY (the native over-collateralized stablecoin of Berachain) to provide depth for the core accounting unit of the chain. LPs earn two streams of income:

1. Exchange fees for BERA/stablecoin high trading volume paths
2. The large validator rewards obtained by this pool account for a double-digit share of the daily issuance of BGT.

The risk of impermanent loss is asymmetrical (when the HONEY price is close to $1, the BERA price may fluctuate), suitable for users who want to obtain high PoL rewards but do not want to bear the volatility of small coins. However, it is still necessary to use half of the position to track the BERA price, please increase holdings with caution.

byUSD/HONEY

APR approximately 2.8% | BGT capture rate approximately 3.2% | Platform: BeraHub

BYUSD is Berachain's native stablecoin, pegged to the US dollar, that generates yield. Pairing it with HONEY provides a way to mine BGT in a stable range for risk-averse capital, while also increasing the liquidity of high-volume tokens. The APR is moderate, but stablecoin LPs prioritize low slippage and stable returns.

wETH/WBERA

APR approximately 46.9% | BGT capture rate approximately 3.6% | Platform: Kodiak

For users holding bridged ETH and wishing to maintain Layer-1 exposure, the WETH-WBERA pair is a perfect hedging tool. By providing liquidity and staking LP receipts on Kodiak, one can earn an integrated APR of nearly 50%, derived from trading fees and stable BGT yields. For users who prefer blue-chip assets but don't mind some price volatility, this is a reliable neutral option.

BTC/ETH/Stablecoin Strategy

If the BGT farming model does not suit you, Berachain's currency market and credit layer allow earning passive income through unilateral deposits, and in certain cases, you can still receive a portion of validator emissions. Below are some real-time strategies grouped by underlying assets.

These options are not part of the reward vault strategy (no need to stake LP tokens on the Hub), but there are several options that provide BGT for you to assess whether the additional complexity is worthwhile.

BeraBorrow - SolvBTC / uniBTC / STONEBTC / PUMPBTC

By depositing any BTC synthetic asset into the BeraBorrow currency market, you can earn a floating supply APR of approximately 8-18%, while maintaining hard BTC exposure. There are no BGT earnings, only pure interest income, and you can choose to use cyclical lending collateral to gain additional leverage.

Kodiak - Isolated wBTC Lending Pool

Kodiak AMM offers a unilateral wBTC lending feature. The current deposit interest rate is around 10-25%, and the interest rate may soar when traders leverage to buy BTC. This is a clean, BGT-free way to earn.

Concrete - cIBTC and similar (qualifying for BGT)

Concrete tokenizes debt positions; minting cIBERABTC, cIBTC, or cIBeraUNI can yield approximately 12-22% base returns while also receiving a small BGT rebate. This strikes a balance between simple lending and comprehensive PoL farming.

Dolomite - BeraETH & weETH deposit

BeraETH loop for a neutral strategy. No BGT, but borrowing demand is stable and interest rates are attractive.

BeraBorrow - rsETH / BeraETH / WETH

Simple deposits on BeraBorrow yield about 6-15% for the same type of ETH. Collateral remains liquid, with no BGT earnings.

Yearn - dHONEY vault

Yearn wraps dHONEY and automatically compounds perpetual funds and market-making rebates. The net annualized yield is approximately 12-25% APY, not relying on BGT. Suitable for users who trust Yearn strategies.

Dolomite - sUSDe Deposit

sUSDe earns approximately 8-15% yield on Dolomite, supported by Maker's DSR and internal lending demand. Currently the highest unconditional stablecoin interest rate, but without BGT incentives.

Euler - HONEY Lending (BGT Qualified)

The Euler isolation pool allows borrowing HONEY at an interest rate of 20-40%. The team increases returns by bribing validators, generating an additional 2-4% BGT earnings, which are automatically accumulated for the suppliers.

Kodiak - USDa-sUSDa & rUSD-HONEY LP (BGT qualified)

The trading fee return rate for the two stablecoin and HONEY trading pairs on Kodiak is approximately 15-30%, and is eligible for validator incentives. Stake LP tokens directly on BeraHub to enjoy stable BGT yields and mining pool rewards.

Three Quick Paths of BERA

Boyco mining allows early depositors to obtain a large amount of original BERA tokens. If the reward treasury or single-sided strategy does not suit you, Berachain offers three simple ways to maintain BERA productivity. These are the default settings of Berachain, suitable for users who do not want to deal with complex operations.

staked to the vault

Berahub has launched a treasury priced in BERA, such as gBERA-iBERA or wBERA-iBERA. Since both parties of the trading pair track the same underlying asset, the price difference can be negligible; earnings come from transaction fees and validator rewards, with an annual interest rate of about 150-165%. It is suitable for holders who wish to hold 100% BERA and achieve the highest risk-adjusted returns.

Deposit BERA into the lending agreement

Lending BERA on Dolomite or Euler, the supply interest rate fluctuates between 20% and 100% APR based on borrowing demand. No BGT, no validator mechanism, only pure interest income. Suitable for passive income earners who want their principal to have liquidity and be re-mortgageable.

BERA LST

Package BERA into liquid staking tokens (iBERA or gBERA) to obtain a stable base yield of 5-8%, while maintaining asset liquidity. LST continuously and automatically calculates validator rewards, eliminating the need for manual claims, and can be deposited into any reward treasury or money market.

Rollover Operation Mechanism

Boyco Rollover is a guided exit channel that allows you to convert pre-deposited positions into efficient PoL collateral with just three clicks:

1. Receive and display options: When the vault is unlocked, Boyco shows the "Claim All" panel, summarizing all positions, earned BERA, as well as the transfer or withdrawal buttons.

2. Smart recommendation priority: After receiving, the recommender highlights the whitelist reward vault based on real-time APR, BGT capture rate, etc. Pre-set options are acceptable or view the complete vault list.

3. One-click exchange and deposit: Automatic routing of transactions, such as exchanging BERA for gBERA, transferring to LP, and then depositing, all require just one confirmation. The UI will transfer the receipt tokens and prompt staking into the PoL of BeraHub.

4. Staking LP, mining, and recycling: Start earning BGT and other incentives after staking. The BGT received can be exchanged for BERA compound interest or Boost validator BGT emissions.

When the new minted BERA arrives in the wallet, the migration pop-up provides three quick channels: (a) invest in BERA priced LST pairs; (b) route to the money market; (c) recycle to earning LST.

The entire operation chain is centralized in one interface, eliminating the need for manual bridging or handling multiple front ends. Advanced users can adjust Gas usage or route through other platforms, while beginners can enjoy a managed-level user experience.

The Importance of Rollover

Boyco Rollover is not only a convenient optimization, but also a key moment for Boyco LP to officially advance as a PoL participant:

• Instant BGT earning ability: Pre-deposits converted to on-chain receipt tokens, with validator emissions available from the first day.
• Validator Influence: Staked receipts convert to BGT votes, enhancing validators and redirecting more emissions.
• Composability: Standard ERC-20 token can seamlessly integrate with various DeFi applications and strategies.

In short: with one Rollover, you transition from a passive depositor to a PoL participant with governance weight and recursive income pathways.

Conclusion

Rollover marks a significant shift from passive pre-funding to active participation in Berachain and PoL. Through a concise and intuitive single interface, users can redeploy funds to the reward vault, unilateral lending market, or BERA staking vault based on their risk preferences and return demands.

Berachain's composable credential tokens allow participants to flexibly adjust configurations in response to market and incentive changes. Start embracing PoL now; not only can you adapt more quickly to market fluctuations, but you can also take control of the DeFi ecosystem.

By monitoring the BGT capture rate, validator fee rate, and current APR, users can systematically rebalance to maintain an optimal risk-return ratio.

As the Rollover date approaches, it is recommended to follow the foundation's social media and related platforms to get the latest updates.