From Boyco to Comprehensive PoL Empowerment: The Road to Transformation

The original intention of Berachain to launch the Boyco project is simple: to provide deep and stable liquidity support for dApps on the first day of the mainnet. This allows the project parties to focus on development instead of facing speculative liquidity providers without proper planning.

The establishment of the prepaid deposit market allows users to deposit assets ( such as ETH, BTC, stablecoins, etc. ) in exchange for future token rewards and early participation rights. Within just a few weeks, the results have been remarkable: over $2.5 billion in total locked value has flowed into more than 100 markets, with approximately 150,000 wallets participating.

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

Opportunities After Migration

Depending on the type of Boyco market you participate in, the assets you hold such as (ETH, BTC, or stablecoins ), and the BERA rewards you have received, there are multiple follow-up options available. In addition to the asset type, it is equally important to weigh all options before migration.

It is recommended to first browse the optional strategies. Are you looking to enter a reward vault with a higher yield? Or choose the plan with the highest APR? Or balance both? Once the goal is determined, PoL will be the best choice. If you are still hesitating, the following will introduce several capital migration strategies, supported asset types, and their differences in risk and reward.

Partial Reward Treasury Opportunities

The migration interface will list about 40 options, here are four vaults with different risk-return characteristics - from conservative BTC collateral to aggressive HONEY pairs. Each vault description includes: LP token source, current APR, and BGT ratio, as well as the problem that the vault solves for the ecosystem.

solvBTC.BBN/solvBTC

APR is about 2.6% | BGT accounts for about 1.0% | Platform: Kodiak

SolvBTC can be considered as a yield-bearing BTC certificate on Berachain; BBN increases the benchmark BTC staking dividends. By depositing solvBTC.BBN and solvBTC into the Kodiak liquidity pool, you can obtain staking receipt tokens. The returns are conservative, suitable for BTC holders who wish to achieve moderate PoL dividends while preserving value.

wBERA/HONEY

APR approximately 57% | BGT accounts for approximately 18.9% | Platform: Kodiak

The pool will pair BERA with the native over-collateralized stablecoin HONEY, providing depth for the core accounting unit of the chain. LPs earn two types of income:

1. Exchange fee for BERA/stablecoin high trading volume path
2. The large validator rewards obtained by the pool account for a significant share of the daily BGT issuance.

The risk of impermanent loss is asymmetric. ( The price of HONEY is close to 1 USD, and BERA may fluctuate ). It is suitable for users who wish to obtain high PoL rewards but do not want to bear the volatility of memecoins, but they still need to track the price of BERA with half of their positions and cautiously increase their holdings.

byUSD/HONEY

APR approximately 2.8% | BGT accounting for approximately 3.2% | Platform: BeraHub

BYUSD is a native, dollar-pegged, yield-generating stablecoin. It pairs with HONEY in the Hub AMM, providing a way to mine BGT without leaving the stable zone for conservative funds, while also increasing liquidity for high-volume tokens. The APR is moderate, but stablecoin LPs place more emphasis on low slippage and stable returns.

wETH/WBERA

APR is approximately 46.9% | BGT accounts for approximately 3.6% | Platform: Kodiak

For ETH holders looking to maintain exposure to Layer-1, the WETH-WBERA pair is an ideal hedging tool. By providing liquidity on Kodiak and staking LP receipts, you can earn nearly 50% in combined APR from transaction 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 are willing to accept some price fluctuations.

BTC/ETH/Stability Coin Strategy

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

These options do not require staking LP vouchers for the rewards vault strategy (, but some options are marked as providing BGT, allowing for consideration of whether the additional complexity is worth it.

) BTC strategy

• BeraBorrow - SolvBTC / uniBTC / STONEBTC / PUMPBTC: Deposit any one of the four BTC synthetic assets to earn approximately 8-18% floating supply APR while maintaining hard BTC exposure. No BGT earnings, only interest income, with the option to choose cyclical borrowing collateral for additional leverage.

• Kodiak - Isolation wBTC Lending Pool: AMM provides unilateral wBTC lending functionality. The current deposit interest rate is 10-25%, and it may soar when traders leverage to buy BTC. There are no BGT earnings, but the interest-bearing wBTC can be subsequently wrapped and transferred to the reward vault.

• Concrete - cIBTC and similar ### meet BGT eligibility (: Tokenization of debt positions; mint cIBERABTC, cIBTC, or cIBeraUNI to obtain approximately 12-22% base yield, with the protocol additionally offering a small BGT rebate. It balances pure lending and comprehensive PoL mining.

) ETH Strategy

• Dolomite - BeraETH & weETH deposits: BeraETH cycling. No BGT, but lending demand is stable.

• BeraBorrow - rsETH / BeraETH / WETH: The simple deposit label generates approximately 6-15% returns. The collateral remains liquid, allowing for subsequent borrowing of stablecoins, with no BGT earnings.

Stablecoin Strategy

• Yearn - dHONEY vault: Package dHONEY and automatically compound perpetual funding and market-making rebates. The net annualized yield is approximately 12-25% APY, not relying on BGT. Suitable for users who trust Yearn strategy audits.

• Dolomite - sUSDe deposit: sUSDe earns approximately 8-15% yield on Dolomite, supported by Maker's DSR and internal lending demand. Currently the highest stablecoin rate with no additional conditions, but no BGT incentives.

• Euler - HONEY lending ### meets BGT eligibility (: The isolation pool allows HONEY to be lent out at an interest rate of 20-40%. The team increases returns by bribing validators, generating an additional approximately 2-4% BGT returns, which are automatically accumulated for the suppliers.

• Kodiak - USDa-sUSDa & rUSD-HONEY LP) meets BGT eligibility (: The trading fee return rate for the trading pair of two stablecoins plus HONEY is approximately 15-30%, qualifying for validator incentives. By staking LP tokens on BeraHub, you can enjoy stable BGT yields and mining pool rewards.

Three Shortcut Paths of BERA

For users who only want to manage BERA, Berachain offers three simple ways to maintain the productivity of the underlying assets:

1. Staking to the vault: BeraHub has launched the BERA-valued vault, such as gBERA-iBERA or wBERA-iBERA. Both parties in the trading pair track the same underlying asset, and the price difference can be ignored; profits come from trading fees and a large number of validator rewards, with the current annual interest rate reaching approximately 150-165%. It is suitable for holders who wish to hold 100% of BERA and achieve the highest risk-adjusted returns.

2. Deposit BERA into the lending agreement: Lend BERA on Dolomite or Euler. The supply rate fluctuates between 20% to 100% APR based on borrowing demand, with speculators leveraging during new token issuances at the highest rates. No BGT, only pure interest income, and deposits can subsequently be borrowed as stablecoins. Suitable for passive income earners who want liquidity and the ability to re-collateralize their principal.

3. BERA LST: Package BERA into a liquid staking token )iBERA or gBERA(, to obtain a stable base return rate of 5-8%, while maintaining asset liquidity. LST continuously and automatically calculates validator rewards, without the need for manual collection, and can be deposited into any reward vault or money market.

Rollover Operating Mechanism

Boyco Rollover is 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: Show the "Claim All" panel when the vault is unlocked, summarizing all positions, earned BERA, and migration or withdrawal buttons.

2. Intelligent Recommendation Priority: Highlight whitelist reward vaults based on real-time APR, BGT proportion, and the dollar value of each BGT. Users can accept presets or view the full list.

3. One-click exchange and deposit: automated routing of transactions, such as exchanging BERA for gBERA, transferring to LP, and then depositing, requires only one confirmation. The UI transmits the receipt token and prompts staking into the PoL on BeraHub.

4. Staking LP, Mining, Recycling: After staking, you will start to receive BGT and external incentives provided by the vault. The received BGT can be exchanged for BERA compound interest or Boost validator emissions to your vault.

When the newly minted BERA arrives in the wallet, the migration popup offers three quick channels: Investing in BERA-priced LST pairs, routing to the currency market, or recycling to interest-bearing LST. The entire operation chain is centralized in a modal box, eliminating the need for manual bridging or handling multiple front ends.

The Importance of Rollover

Boyco Rollover marks the official advancement of Boyco LP to a PoL participant:

• Instant BGT earning capability: Deposit is converted into on-chain receipt tokens, allowing for absorption of validator emissions from the first day.
• Validator influence: Staking receipts converted into BGT votes can enhance validators and redirect more emissions back to the treasury of interest.
• Composability: Standard ERC-20 tokens can seamlessly integrate into the Berachain ecosystem, including auto-reinvestment, YT/PT markets, and leveraged cycles.

In short, a Rollover transforms you from a passive depositor into a participant with governance weight, recursive revenue paths, and front-row observation of each new BGT Meta's PoL.

Conclusion

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

The composable credential tokens of Berachain allow participants to flexibly adjust their allocations according to market and incentive changes. Embracing PoL now not only enables faster adaptation to market fluctuations but also empowers you to take control of the DeFi ecosystem.

By monitoring the BGT ratio, validator fees, and the 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 channels for the latest updates.