From Boyco to Comprehensive PoL Empowerment: A Great Transformation

The initial goal of Berachain in launching Boyco was simple: to provide deep and stable liquidity for dApps on the first day of the mainnet launch. This allows project teams to focus on development instead of facing short-sighted liquidity providers without a clear plan.

The development team has established a pre-deposit market where users can deposit assets ( such as ETH, BTC, stablecoins, etc. ) in exchange for future token rewards and early profit/participation rights. In just a few weeks, the results have been remarkable: over $25 billion in funds have flowed into more than 100 markets, with approximately 150,000 wallets participating.

Now, the lock-up period is about to end. Each early depositor will simultaneously receive BERA and LP voucher tokens, and begin looking for new investment directions.

This is the origin of the Boyco Rollover plan.

Opportunities After Migration

Based on your previous participation in the Boyco market, whether you hold ETH, BTC, or stablecoins, as well as the BERA rewards obtained throughout the Boyco event, there are numerous follow-up opportunities. In addition to asset types, it is equally important to weigh all options before the capital migration.

First, it is recommended to visit the relevant platforms and browse the available strategies in person.

Do you want to deposit funds into the BGT vault with higher capture rates? Or the vault with the highest APR? Or both? Once you have determined your goal, PoL is your best choice. But if you are still undecided, the following will highlight several strategies for migrating funds, the types of assets accepted by these vaults, and their differences in risk tolerance and BGT emissions.

Let's start with some reward vaults.

Partial Reward Vault Opportunities

The migration interface will list about 40 target options, but if you don't want to go through the dashboard, here are four specific vaults covering four different risk-return characteristics - from relatively conservative BTC collateral to higher risk HONEY. Each section includes: (a) LP token source; (b) current APR and BGT capture share; (c) the problem that this vault actually solves for the Berachain economic system.

solvBTC.BBN/solvBTC

APR ~2.6% | BGT Capture Rate ~1.0% | Platform: Kodiak

SolvBTC can be regarded as a yield-bearing, certificate-wrapped Bitcoin on Berachain; BBN increases the baseline BTC staking dividends. By depositing solvBTC.BBN and solvBTC into the Kodiak liquidity pool, you can mint receipt tokens staked here. The yield is conservative: it's very suitable for those who just want to hold hard currency, obtain moderate PoL dividends, and still want to have 1 BTC the next day.

wBERA/HONEY

APR ~57% | BGT Capture Rate ~18.9% | Platform: Kodiak

The pool combines the wrapped BERA with the HONEY( native over-collateralized stablecoin of Berachain), so you are essentially providing liquidity for the chain's core accounting unit rather than chasing risky assets. LPs earn two sources of income:

(1) Exchange fee from BERA/stablecoin highest trading volume path;

( Due to the huge bribes to validators from this pool, users can obtain double-digit daily issuance of BGT. The risk of impermanent loss is asymmetric. ) When the price of HONEY approaches 1 dollar, the price of BERA may fluctuate (, which is attractive for those who want to earn substantial PoL rewards but do not want to bear excessive volatility risk, although you still need to track BERA's price fluctuations with half of your position, so please increase your holdings with caution.

) byUSD/HONEY

APR ~2.8% | BGT Capture Rate ~3.2% | Platform: BeraHub

BYUSD is Berachain's native stablecoin, pegged to the US dollar and capable of generating yield. Pairing it with HONEY on the Hub AMM provides a way to mine BGT without leaving the stable zone, while still increasing the liquidity pool trading volume for one of the network's most traded tokens. The APR is moderate, but stablecoin LPs prioritize low slippage and stable returns.

wETH/WBERA

APR ~46.9% | BGT Capture Rate ~3.6% | Platform: Kodiak

If you hold bridged ETH and want to maintain exposure to Layer-1, the WETH-WBERA pair is a perfect hedging tool: one side is ETH, and the other side is Berachain's underlying asset. Providing liquidity on Kodiak and staking LP receipts can yield nearly 50% combined APR, thanks to the trading fees of two highly correlated mainstream currencies and stable BGT returns. For users who prefer mainstream assets but don't mind some price fluctuations, this is a reliable neutral choice.

BTC/ETH/Stability Coin Strategy

If the BGT mining model is too "mining-selling" for you, Berachain's currency market and credit layer allow you to earn passive income through unilateral deposits, and in some cases still receive a portion of validator emissions. Here are some real-time strategies grouped by underlying assets.

All options here are not related to the reward vault strategy ### and do not require staking LP certificates on the Hub (, but there are several options labeled with providing BGT for you to assess whether the additional complexity is worth it in these cases.

) BeraBorrow - SolvBTC / uniBTC / STONEBTC / PUMPBTC

By depositing any of the four BTC synthetic assets into BeraBorrow's money market, you can earn a floating supply APR of approximately 8-18%, while maintaining hard BTC exposure. There are no BGT earnings here, only pure interest income. If you need additional leverage, you can also choose to circle borrow against collateral.

Kodiak - Isolation wBTC Lending Pool

Kodiak's AMM offers a low-key unilateral wBTC lending switch function ### to find the wBTC silo, instead of LP (. The current deposit interest rate hovers around 10-25%, and the rate occasionally spikes when traders use leverage to buy BTC.

You can later transfer the interest-bearing wBTC packaging into the reward vault, but out-of-the-box this is a clean, BGT-neutral yield.

) Concrete - cIBTC and similar ### meet BGT qualification (

Concrete tokenizes debt positions; by minting cIBERABTC, cIBTC, or cIBeraUNI, you will receive approximately 12-22% base yield, while the protocol provides a small BGT rebate to stakers as part of its validator bribery program. This achieves a good balance between pure lending and comprehensive PoL mining.

) Dolomite - BeraETH & weETH deposit

BeraETH loop explained by the Dolomite UI. There is no BGT, but the borrowing demand remains stable, hence the interest rates stay attractive.

BeraBorrow - rsETH / BeraETH / WETH

For users who are reluctant to use leverage, the simple deposit label on BeraBorrow generates approximately 6-15% returns on the same type of ETH. The collateral remains liquid ###, and you can later borrow stablecoins (, also without BGT earnings.

) Yearn - dHONEY vault

Yearn wraps dHONEY### into a delta-neutral pseudo-stablecoin that captures funding rates ( and automatically compounds perpetual funding and market-making rebates. The net annualized yield (APY) is around 12-25% APY and does not rely on BGT. For users who trust Yearn's strategy audits and mission, this is a good "set it and forget it" solution.

) Dolomite - sUSDe deposit

The yield on sUSDe synthetic stablecoin earned on Dolomite is around 8-15%, supported by Maker's DSR and internal borrowing demand. This is currently the highest no-strings-attached stablecoin rate on Berachain, but please note that there are no BGT incentives.

Euler - HONEY Lending ### meets BGT eligibility (

Euler's isolation pool allows you to lend original HONEY at an interest rate of 20-40%, and the team increases returns by bribing validators - resulting in an additional approximately 2-4% BGT yield, which is automatically accumulated for suppliers.

) Kodiak - USDa-sUSDa & rUSD-HONEY LP### meets BGT qualification (

Finally, if you really want to participate in the liquidity provider )LP( activity but do not want to bear the volatility, the trading fee return rate for the two stablecoin plus HONEY trading pair on Kodiak is about 15-30%, and you are eligible for validator incentives. By directly staking LP tokens on BeraHub, you can enjoy stable BGT returns as well as mining pool rewards.

Three Quick Paths of BERA

Boyco mining allows every early depositor to have their wallet filled with BERA native tokens at the moment they click "Claim All." If all mature reward vaults or unilateral strategies do not meet your needs, Berachain still offers three extremely simple ways to maintain the productivity of your underlying assets. For those who do not want to bother with LP receipts, validator boosts, or looping dashboards, and only want to manage BERA, this can be considered Berachain's default setting.

) Staked to the vault

For users who want to obtain stable returns without bearing impermanent loss, Berahub has launched a vault priced in BERA, such as gBERA-iBERA or wBERA-iBERA. Since both sides of the trading pairs track the same underlying tokens, the price difference can be negligible; all returns come from trading fees and substantial validator bribes, with the current annual interest rate reaching about 150-165%. This is an ideal choice for holders who wish to hold 100% BERA while also achieving the highest risk-adjusted returns on the network.

Deposit BERA into the lending agreement

If you don't want to touch LP at all, you can simply lend out BERA on certain lending platforms. Supply rates fluctuate between 20% to 100% APR based on borrowing demand - usually peaking when speculators leverage into new token issuances. No BGT, no validator mechanism - just pure interest income. If you later want to give it a try, you can choose to borrow stablecoins with your deposit. This is ideal for passive income earners who still want their principal to be liquid and re-mortgageable.

BERA LST

Hedging allocators can package BERA into liquid staking tokens ###iBERA or gBERA(, earning a stable base yield of 5-8%, while maintaining asset liquidity for future DeFi investments. Since LST will continuously and automatically calculate validator rewards for you, there is no need to claim manually, and you can still deposit the tokens into any reward vault or money market.

How Rollover Works

Boyco Rollover is essentially a guided exit channel that allows you to convert those dormant pre-deposit positions into efficient liquidity proofs with just three clicks ) PoL ( collateral:

Claim and surface ): The moment the vault is unlocked, Boyco will display a "Claim All" panel, which summarizes all holdings, the BERA you are entitled to, and a one-click button for migration or withdrawal. No need for multi-signature waiting, no need to copy and paste contract addresses, straightforward, allowing you to smoothly access the mainnet.

Smart Recommendation Priority: After receiving, the lightweight recommender will highlight some whitelisted reward vaults ( such as wBERA-iBERA, certain leveraged cycles, and infrastructure native LST strategies ) based on real-time APR, BGT capture rate, and the dollar value of each BGT. You can accept one of the presets or click the "Explore All" tab to see the complete list of vault options.

One-click exchange and deposit: If the target vault requires other assets, the process will automatically route the transaction - for example, exchanging original BERA for gBERA, then transferring it into liquidity proof (LP), and then depositing it, all operations require only one confirmation. The user interface (UI) will transmit the receipt token and immediately prompt you to stake it into BeraHub's liquidity proof (Proof of Liquidity), so that BGT can start flowing in. You only need to verify the slippage on the path.

Staking LP, Mining, and Recycling: Once staked, you start earning BGT( and any external incentives provided by the treasury ). The BGT you receive can be exchanged for BERA, further compounded, or Boost to allocate BGT emissions to validators in your treasury.