What to know:
- In a world where liquidity is as elusive as a good cup of tea, Boyco emerges—a pre-launch liquidity platform, crafted with the finesse of Enso, Berachain, and LayerZero, all in a noble quest to vanquish the cold start problem that haunts new decentralized applications.
- Users, like eager children at a candy store, deposit their assets into vaults, which are then locked away until the grand unveiling of Berachain’s mainnet. A true test of patience, indeed! 🍬
- Berachain, the upcoming blockchain, employs a proof-of-liquidity consensus mechanism, rewarding those brave enough to provide liquidity. A noble endeavor, one might say, akin to a farmer tending to his crops in hopes of a bountiful harvest.
On a fateful Tuesday, the Boyco platform, born of Berachain’s ambition, went live, boasting a staggering $2.2 billion in pre-deposits. A sum that could make even the most stoic of accountants raise an eyebrow! 💰
This pre-launch liquidity platform, a collaboration of titans, aims to ensure that new dApps are not left shivering in the cold, but rather, are greeted with a warm embrace of liquidity from the very first moment. A head start in the fierce arena of DeFi, where only the swift and the clever thrive.
Royco, a protocol nestled within Berachain, facilitates the creation of liquidity markets, allowing protocols to negotiate with liquidity providers (LPs) as if they were haggling over the price of cabbages at a bustling market. Boyco is but a specific manifestation of Royco, tailored for the grand launch of Berachain’s mainnet.
Through the magic of Boyco, applications can conjure pre-launch liquidity markets, inviting users to deposit their assets before the main event. These assets, once deposited into vaults, are locked away until the grand unveiling. Depositors may find themselves rewarded with tokens or points from Berachain or the participating dApps, a delightful surprise for their patience! 🎁
“During Boyco, users will encounter over 100 Berachain markets, offering the choice of a single-sided or two-sided deposit,” the team proclaimed in a Tuesday X post, as if announcing a grand festival. “These Boyco markets will shower depositors with various amounts of BERA and app-level incentives.”
The program shall grace the Ethereum mainnet until February 3, before the liquidity is bridged over to Berachain, alongside existing lockups, as per the Boyco team. A staggering 2.0% of all BERA—one of Berachain’s forthcoming tokens—will be bestowed upon those who partake in Boyco. A generous offering, indeed!
If you didn’t get in the first 24 hours – fret not, dear friend! It is still early. Boyco shall run until February 3 at 12 AM UTC.
dApps & applications are offering Points, token incentives, and BERA for user deposits, which will be bridged and deposited on Day 1 of Berachain.
2.0% of all BERA is being rewarded…
— Royco (@roycoprotocol) January 29, 2025
Berachain, the blockchain that has captured the hearts of many, employs a proof-of-liquidity consensus mechanism to reward those who provide liquidity. It has garnered a cult following on X over the past year, with an engaged community that rivals the most fervent of fan clubs.
Humorously, the blockchain is set to launch in “Q5,” a quarter that exists only in the realm of dreams, beyond the confines of Q4, adding to the anticipation for those eager to partake in Berachain-related platforms ahead of its mainnet launch. A delightful jest, indeed! 😂
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2025-01-29 12:04