Berachain App Boyco Goes Live With $2.2B in ‘Pre-Deposits’

Berachain-based liquidity level Boyco went unrecorded connected Tuesday with implicit $2.2 cardinal successful pre-deposits.

The pre-launch liquidity level is built successful collaboration with Enso, Berachain and LayerZero.

It aims to lick the the acold commencement occupation for caller decentralized applications (dApps) by ensuring they person capable liquidity from time one. This attack theoretically helps dApps pull users instantly upon launch, giving them a caput commencement successful the competitory DeFi space.

Royco is simply a protocol connected Berachain that enables the instauration of liquidity markets wherever protocols tin negociate with liquidity providers (LPs) to unafraid liquidity. Boyco is simply a circumstantial implementation of Royco tailored for Berachain's mainnet launch.

Through Boyco, applications tin make pre-launch liquidity markets wherever users tin deposit assets earlier the mainnet goes live. Users deposit assets into vaults, which are past locked until Berachain's mainnet launch. Depositors whitethorn beryllium rewarded with tokens oregon points from Berachain oregon participating dApps.

“During Boyco, users volition spot implicit 100 Berachain markets that let them to deposit a azygous sided deposit oregon a 2 sided deposit,” the squad said successful a Tuesday X post. “These Boyco markets volition beryllium rewarding depositors with assorted amounts of BERA and app level incentives.”

The programme volition beryllium connected the Ethereum mainnet until Feb. 3 earlier the liquidity is yet bridged implicit to Berachain alongside existing lockups, per the Boyco team. Over 2.0% of each BERA — 1 of Berachain’s upcoming tokens — volition beryllium rewarded via Boyco participation.

Berachain is an upcoming blockchain that uses a proof-of-liquidity statement mechanics to reward liquidity provision. It has chalked up a cult pursuing connected X successful the past twelvemonth and enjoys an engaged community.

The blockchain is humorously acceptable to motorboat successful "Q5,” a non-existent 4th beyond Q4, adding to the anticipation for participating successful Berachain-related platforms up of its mainnet launch.