Berachain’s Boyco Platform Launches with $2.2B in Pre-Deposits to Kickstart Liquidity for dApps
Berachain’s new liquidity platform, Boyco, officially launched on Tuesday, securing an impressive $2.2 billion in pre-deposits. Designed to solve the “cold start” problem for decentralized applications (dApps), Boyco enables dApps to establish liquidity markets before their mainnet launches, ensuring they have sufficient liquidity from day one.
Developed in collaboration with Enso, Berachain, and LayerZero, Boyco addresses a common challenge faced by new dApps, helping them attract users quickly by offering instant liquidity upon launch. This approach gives dApps a significant head start in the highly competitive DeFi space.
Boyco is built on the Royco protocol, which operates on Ethereum, allowing protocols to secure liquidity by negotiating with liquidity providers (LPs). Boyco is a specific version of this protocol tailored for Berachain’s upcoming mainnet launch, providing a streamlined way for applications to create liquidity markets in advance.
Through Boyco, users can deposit assets into vaults, which will remain locked until Berachain’s mainnet goes live. In return, users receive rewards, which can include BERA tokens or points from Berachain and the participating dApps. The platform will feature over 100 liquidity markets, where users can make either single-sided or two-sided deposits, earning various rewards.
“Boyco will reward depositors with BERA tokens and additional app-specific incentives,” the team shared in an update on X.
The program is currently live on Ethereum’s mainnet until February 3, after which liquidity will be bridged to Berachain, along with the locked assets. Boyco participation will distribute over 2% of the total BERA token supply to users who take part in the liquidity markets.
Berachain, known for its proof-of-liquidity consensus mechanism, has gained a loyal following on X and continues to build excitement as it prepares for its mainnet launch, humorously pegged for “Q5,” a quarter beyond the usual Q4, adding to the buzz surrounding its debut.
