Berachain-based liquidity platform Boyco went live on Tuesday with over $ 2.2 billion in pre-deposits.
The liquidity platform before launching is built in collaboration with Enso, Berachain and Layerzero.
It aims to solve the cold starting problem for new decentralized applications (DAPPS) by ensuring that they have sufficient liquidity from day one. This approach theoretically helps DAPPS attract users immediately after launch, giving them a head start in the competitive Defi space.
Royco is a protocol on Berachain that allows the creation of liquidity markets where protocols can negotiate with liquidity providers (LPS) to ensure liquidity. Boyco is a specific implementation of Royco tailored to Beracains Mainnet launch.
Through Boyco, applications can create liquidity markets before launching where users can deposit assets before mainnet goes live. Users pay assets in vaults, which are then locked until the BERACHAIN’s mainnet launch. Thus can be rewarded with tokens or points from Beracain or participating DAPPs.
“Under Boyco, users will see over 100 Berachain markets that allow them to deposit a single side deposit or a two -sided deposit,” the team said in a Tuesday x post. “These Boyco markets will be rewarding depositors with different quantities of Bera and App Levelininitaments.”
The program will be at Ethereum Mainnet until February 3, before the liquidity is eventually overbreaked to Berachain along with existing lockups, per. Boyco -team. Over 2.0% of all Bera – one of Beracain’s upcoming tokens – will be rewarded via Boyco participation.
If you didn’t come in the first 24 hours – it’s still early. Boyco runs until February 3 at. 12 UTC.
DAPPS & APPLICATIONS offers points, tokenincitaments and BERA for user deposits, which will be overbreaked and deposited on Berachain Day 1.
2.0% of all Bera is rewarded …
– Royco (@ROYCOPROTOCOL) 29 January 2025
Berachain is an upcoming blockchain that uses a proof-of-liquidity consensus mechanism to reward the liquidity provision. It has criticized a cult that follows X in the past year and enjoys a committed society.
Blockchain is humorously set to launch in “Q5,” a non-existent neighborhood beyond the 4th quarter, adding the expectation to participate in Beracain-related platforms prior to its mainnet launch.
