From Boyco to Comprehensive PoL Empowerment: Major Transformation

When Berachain initially launched Boyco, the goal was to ensure that dApps could achieve deep and stable liquidity on the first day of going live on the mainnet. This allows the project team to focus on product development rather than compromising to attract LPs.

Boyco has established a deposit market where users can deposit assets ( such as ETH, BTC, stablecoins, etc. ) to earn future token rewards and early participation rights. In just a few weeks, over $2.5 billion TVL has flowed into more than 100 markets, with approximately 150,000 wallets participating, achieving remarkable results.

As the lock-up period is about to end, early depositors will simultaneously receive BERA and LP voucher tokens, starting to look for new investment opportunities. This is the origin of the Boyco Rollover program.

Opportunities After Migration

Based on your participation in the Boyco market and the BERA rewards you have received, there are several follow-up options available. It is recommended to first visit BeraHub or various LST platforms to personally understand the available strategies.

You can choose to deposit funds into the BGT reward vault with a higher capture rate, or the vault with the highest APR, or balance both. Once the target is determined, PoL is the best choice. If you are still hesitant, the following will introduce several fund migration strategies, accepted asset types, and their differences in risk and BGT emission.

Partial Reward Vault Opportunities

The migration interface will list about 40 options, here we introduce four vaults with different risk-return characteristics, ranging from BTC collateral to fully staked HONEY. Each vault description includes: LP token source, current APR and BGT capture share, as well as the problem that this vault solves for the Berachain ecosystem.

1. solvBTC.BBN/solvBTC APR approximately 2.6% | BGT capture rate approximately 1.0% | Platform: Kodiak

SolvBTC is a yield-bearing BTC certificate on Berachain, and BBN has increased the benchmark BTC staking dividends. By depositing solvBTC.BBN and solvBTC into the Kodiak liquidity pool, you can obtain staking receipt tokens. The yield is conservative, suitable for BTC holders seeking moderate PoL dividends.

2. wBERA/HONEY APR approximately 57% | BGT capture rate approximately 18.9% | Platform: Kodiak

This pool combines the wrapped BERA and HONEY( Berachain native over-collateralized stablecoin ), providing liquidity for the chain's core accounting unit. LPs earn dual rewards from trading fees and BGT emissions. The risk of impermanent loss is asymmetric, suitable for users who want high PoL rewards but do not want to bear the volatility of memecoins.

3. byUSD/HONEY APR is about 2.8% | BGT capture rate is about 3.2% | Platform: BeraHub

BYUSD is the native yield-generating dollar-pegged stablecoin of Berachain. Pairing with HONEY provides a way to mine BGT without leaving the stable zone for hedging capital. With a moderate APR, it is more suitable for stablecoin LPs seeking low slippage and stable returns.

4. wETH/WBERA APR approximately 46.9% | BGT capture rate approximately 3.6% | Platform: Kodiak

WETH-WBERA is an ideal hedging tool for ETH holders. By providing liquidity on Kodiak, you can earn nearly 50% in overall APR, coming from trading fees and BGT rewards. It is suitable for users who prefer blue-chip assets but don't mind some price fluctuations.

BTC/ETH/Stability Coin Strategy

For users who do not pursue BGT farming, Berachain's currency market and credit layer offer options for unilateral deposits to earn passive income, with some also benefiting from validator emissions. Here are some real-time strategies:

• BeraBorrow: Deposit SolvBTC/uniBTC/STONEBTC/PUMPBTC to earn a floating supply APR of 8-18%, no BGT earnings.
• Kodiak: The wBTC single-sided lending pool offers a deposit interest rate of about 10-25%, with no BGT earnings.
• Concrete: cIBTC and similar tokens offer a base yield of 12-22%, plus a small BGT rebate.
• Dolomite: BeraETH & weETH deposits earn a floating APR of 5-20%, with no BGT earnings.
• BeraBorrow: rsETH/BeraETH/WETH simple deposits generate 6-15% returns, no BGT returns.
• Yearn:dHONEY vault offers 12-25% APY, not relying on BGT.
• Dolomite: sUSDe deposit yield is about 8-15%, no BGT incentives.
• Euler: HONEY lending interest rate 20-40%, plus 2-4% BGT yield.
• Kodiak: USDa-sUSDa & rUSD-HONEY LP transaction fee returns 15-30%, eligible for validator incentives.

Three Quick Paths of BERA

For users who only want to manage BERA, Berachain offers three simple options:

1. Staking to the vault: For gBERA-iBERA or wBERA-iBERA, with an annual interest rate of up to 150-165%, suitable for users who hold 100% BERA and seek the highest risk-adjusted returns.

2. Deposit BERA into the lending protocol: Lend BERA on Dolomite or Euler, with supply rates fluctuating between 20-100% APR, no BGT earnings.

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

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. Receive and display options: Show all positions, earned BERA, and migration/withdrawal buttons.

2. Smart Recommendation: Recommend whitelist reward vaults based on real-time APR, BGT capture rate, etc.

3. One-click exchange and deposit: automatic routing transactions to complete exchange, LP, and staking operations.

After staking, you will start earning BGT, which can be reinvested or used to Boost validator emissions. Newly minted BERA can be quickly reinvested into BERA-denominated LST pairs, money markets, or interest-bearing LST.

The Importance of Rollover

Rollover marks the transition from passive pre-staking to active participation in PoL:

• Instant BGT earning capability
• Validator Influence
• Composability

Enable users to grow from depositors to PoL participants with governance weight and recursive yield paths.

Conclusion

Rollover allows users to flexibly deploy funds according to their risk preferences and return demands. Berachain's composable certificate tokens enable participants to adjust their allocations in response to market changes. By monitoring key indicators, users can systematically rebalance to maintain an optimal risk-return ratio.

It is recommended to pay attention to the official channels of the foundation for the latest Rollover updates.