Empowering from Boyco to PoL: A Step into a New Era

The initial goal of Berachain when launching Boyco was simple: to provide deep and stable liquidity for dApps on the first day of the mainnet launch. This allows the project team to focus on development rather than dealing with speculative liquidity providers in the absence of clear planning.

By establishing a pre-deposit market, users can deposit assets ( such as ETH, wBTC, stablecoins, etc. ) to earn future token rewards and early participation rights. In just a few weeks, the program has achieved significant results: over $25 billion in total locked value has flowed into more than 100 markets, with approximately 150,000 wallets participating.

As the lock-up period is about to end, each early depositor will simultaneously receive BERA and LP voucher tokens, and begin to look for new investment directions. This leads to the Boyco Rollover plan.

Opportunities After Migration

Depending on the type of Boyco market you participate in, whether holding ETH, BTC, or stablecoins, as well as the BERA rewards earned throughout the Boyco event, there are various follow-up options available. Besides the asset type, it is equally important to thoroughly weigh all options before fund migration.

It is recommended to first visit the relevant platforms to personally understand the various optional strategies. You can choose to deposit funds into the reward vaults with a high BGT capture rate, or the vaults with the highest APR, or even balance both. Once the target is determined, PoL will be the ideal choice. If you are still hesitant, the following will highlight several asset migration strategies, the types of assets accepted by these vaults, and their differences in risk tolerance and BGT output.

Let’s first take a look at some representative reward vault opportunities.

Part of the Reward Vault Opportunities

The migration interface will list about 40 target options, but if you don't want to check them one by one, here are four typical vaults that cover different risk-return characteristics - from conservative BTC collateral to aggressive HONEY investments. Each vault description includes: (a) the source of LP tokens; (b) the current APR and BGT capture share; (c) the actual problems this vault solves for the Berachain ecosystem.

solvBTC.BBN/solvBTC

APR about 2.6% | BGT capture rate about 1.0% | Platform: a certain DEX

SolvBTC can be regarded as a yield-bearing, certificate-wrapped Bitcoin on Berachain; BBN adds benchmark BTC staking dividends. By depositing SolvBTC.BBN and SolvBTC into the liquidity pool, users can mint staking receipt tokens. The yield is relatively conservative: it is very suitable for those who only want to store hard currency, obtain moderate PoL dividends, and wish to preserve the value of their BTC holdings.

wBERA/HONEY

APR approximately 57% | BGT capture rate approximately 18.9% | Platform: a certain DEX

This pool will wrap BERA with HONEY(, a native over-collateralized stablecoin of Berachain), providing depth for the chain's core accounting unit. LPs can earn two types of returns:

1. Exchange fees from BERA/stablecoin high trading volume paths
2. Thanks to the substantial bribes to validators from this pool, a double-digit daily issuance of BGT is obtained.

The risk of impermanent loss is asymmetric. When the price of HONEY approaches 1 USD, the price of BERA may fluctuate. This is attractive to users who want to earn substantial PoL rewards but are unwilling to bear the volatility of memecoins. However, it is still necessary to track BERA's price fluctuations with half of the position, so please increase holdings with caution.

( byUSD/HONEY

APR approximately 2.8% | BGT capture rate approximately 3.2% | Platform: a certain trading platform

BYUSD is the native stablecoin of Berachain, pegged to the US dollar, that generates yield. Pairing it with HONEY provides a way to mine BGT without leaving the stable zone for hedging funds, while also increasing liquidity for one of the tokens with the highest trading volume on the network. The APR is moderate, but stablecoin LPs place more emphasis on low slippage and stable returns.

) wETH/WBERA

APR approximately 46.9% | BGT capture rate approximately 3.6% | Platform: a certain DEX

For users holding bridged ETH and wishing to maintain exposure to Layer-1, the WETH-WBERA pair is an ideal hedging tool: one side is ETH, and the other side is Berachain's underlying asset. By providing liquidity on the DEX and staking LP receipts, one can achieve nearly 50% combined APR, thanks to the trading fees of two highly correlated mainstream currencies and stable BGT yields. This is a reliable neutral option for users who prefer blue-chip assets but can tolerate some price volatility.

BTC/ETH/Stability Coin Strategy

If the pure farming model is not suitable for you, Berachain's currency market and credit layer allow for earning passive income through unilateral deposits, and in some cases, still obtain a portion of the validator emissions. Here are some real-time strategies grouped by underlying assets.

These options are not part of the reward vault strategy ### and do not require staking LP tokens ###, but there are a few options marked with the provision of BGT for you to assess whether the additional complexity is worth it.

( BTC-related strategies

A certain lending platform supports deposits of various BTC synthetic assets, allowing for an approximate floating supply APR of 8-18%, while maintaining a hard BTC exposure. There are no BGT earnings here, only pure interest income. If additional leverage is needed, revolving loan collateral can also be chosen.

A certain DEX offers one-sided wBTC lending functionality, with the current deposit interest rate around 10-25%. The interest rate may spike when traders leverage to buy BTC. This is a clean, BGT-neutral way to earn income.

A certain platform tokenizes debt positions; minting specific BTC-related tokens can yield approximately 12-22% base returns, while also receiving a small BGT rebate. This achieves a good balance between pure lending and comprehensive PoL farming.

) ETH-related strategies

A certain margin trading platform offers a floating APR of 5-20% for ETH LST. By depositing specific ETH derivatives, interest can be directly earned, or delta-neutral strategies can be employed through UI guidance. Although there is no BGT, borrowing demand remains stable, and interest rates are attractive.

A certain lending platform generates a deposit yield of about 6-15% on various types of ETH. The collateral remains liquid ### and can be used to borrow stablecoins ###, also with no BGT yield.

( Stablecoin-related strategies

A certain yield aggregation platform encapsulates specific pseudo-stablecoins and automatically compounds perpetual funds and market-making rebates. The net annualized yield is approximately 12-25% APY, and it does not rely on BGT. For users who trust the platform's strategy audit, this is a good "set it and forget it" solution.

On a certain margin trading platform, specific synthetic stablecoins can earn an approximate yield of 8-15%, supported by external protocols and internal lending demand. This is currently the highest unconditional stablecoin interest rate on-chain, but please note that there are no BGT incentives.

A certain lending agreement allows borrowing HONEY at an interest rate of 20-40%, and increases BGT returns by approximately 2-4% through validator bribery, which is automatically accumulated for the providers.

The trading fee return rate for the trading pair of two stablecoins plus HONEY on a certain DEX is about 15-30%, and it qualifies for validator incentives. By directly staking LP tokens, you can enjoy stable BGT earnings and pool rewards.

Three Quick Paths of BERA

If none of the mature reward vaults or unilateral strategies suit you, Berachain still offers three simple ways to maintain the productivity of BERA. This can be seen as the default option for users who do not want to deal with complex operations and only wish to manage BERA.

) staked to the vault

A trading platform has launched a vault priced in BERA, such as gBERA-iBERA or wBERA-iBERA. Since both parties in the trade track the same underlying asset, the price difference can be ignored; all profits come from trading fees and substantial validator bribes, with the current annual interest rate reaching approximately 150-165%. This is suitable for holders who wish to hold 100% BERA and achieve the highest risk-adjusted returns.

Deposit BERA into the lending agreement

You can easily lend BERA on certain lending platforms. The supply interest rate fluctuates between 20% and 100% APR based on borrowing demand, and speculators typically leverage when entering new token issuance at the highest. No BGT, no validator mechanism, only pure interest income, and deposits can later be used to borrow stablecoins. This is suitable for passive earners who wish to have liquidity and the ability to re-collateralize their principal.

BERA LST

You can package BERA into liquid staking tokens ### such as iBERA or gBERA###, obtaining a stable base yield of 5-8%, while maintaining liquidity of assets for future DeFi investments. LST will continuously and automatically calculate validator rewards, requiring no manual collection, and tokens can still be deposited into any reward vault or money market.

Rollover Operating Mechanism

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

1. Claim and display options: When the treasury is unlocked, the interface shows the "Claim All" panel, summarizing all positions, the BERA to be obtained, and the buttons for migration or withdrawal. The operation is direct, without waiting or complex steps.

2. Smart Recommendation Priority: After receiving, the recommender highlights certain whitelist reward vaults based on real-time APR, BGT capture rate, and the value per BGT in USD. Users can accept the preset or view the full list.

3. One-click exchange and deposit: If the target vault requires other assets, the process automatically routes the transaction, such as exchanging BERA, transferring to LP, depositing, etc., with just one confirmation. The UI will transmit the receipt token and prompt to stake into PoL to start earning BGT.

4. Staking LP, Mining, Recycling: After staking, you will start to earn BGT and other incentives. The BGT received can be exchanged for BERA compound interest or Boost validator BGT emissions. When new minted BERA arrives, the migration pop-up provides three quick channels: investing in BERA priced LST pairs, routing to the money market, or recycling into interest-bearing LST.

The entire operation chain is集中在一个界面中, no need for manual bridging or handling multiple front ends. Advanced users can adjust Gas usage or use specific routing, while beginners can enjoy a hosted user experience.

The Importance of Rollover

Boyco Rollover is not only a convenient optimization but also marks Boyco LP's official advancement to a PoL participant:

• Instant BGT earning capability: Pre-deposits are converted into on-chain receipt tokens, allowing for the absorption of validator emissions from day one.
• Validator Influence: Staking receipts are converted into BGT votes, which can enhance validators and redirect more emissions.
• Composability: Standard ERC-20 token can seamlessly integrate into automatic reinvestment, YT/PT markets, leveraged cycles, and other DeFi applications.

In short, through a Rollover, users grow from passive depositors to participants in the PoL with governance weight, recursive revenue paths, and front-row observation of each new BGT Meta.

Conclusion

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

Berachain's composable credential tokens allow participants to flexibly allocate configurations in response to market and incentive changes. Embracing PoL now not only enables faster adaptation to market fluctuations, but also empowers control over 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 pay attention to official social media and related platforms for the latest updates.