Significant Transition from Boyco to Comprehensive PoL Empowerment

The initial purpose of Berachain's launch of Boyco is simple: to provide deep and stable liquidity for dApps on the mainnet's first day, allowing project teams to focus on product development. Through the pre-deposit market, users can deposit assets ( such as ETH, BTC, and stablecoins ) to receive future token rewards and early participation rights. In just a few weeks, Boyco has achieved remarkable results: over $2.5 billion TVL flowing into more than 100 markets, with approximately 150,000 wallets participating.

As the lock-up period is coming to an end, early depositors will receive both BERA and LP voucher tokens, and will need to find new places for their funds. This is the origin of the Boyco Rollover plan.

Opportunities After Migration

Depending on the type of Boyco market you participate in, whether it's ETH, BTC, or stablecoins, as well as the BERA rewards obtained, there are multiple follow-up options. Before migrating funds, it is recommended to first visit BeraHub or various LST platforms to browse all available strategies.

You can choose to deposit funds into the reward vaults with higher BGT capture rates or the vaults with the highest APR, or even both. Once your target is determined, PoL will be the best choice. If you are still hesitating, the following will focus on several fund migration strategies, the types of accepted assets, and their differences in risk and BGT emission.

Partial Reward Vault Opportunities

The migration interface will list about 40 target options, here are four specific vaults covering different risk-return characteristics - from stable BTC collateral to full stake HONEY. Each vault description includes: (a) source of LP tokens; (b) current APR and BGT capture share; (c) the problem this vault addresses for the Berachain economic system.

solvBTC.BBN/solvBTC

APR approximately 2.6% | BGT capture rate approximately 1.0% | Platform: Kodiak

SolvBTC can be regarded as a yield-bearing, certificate-wrapped Bitcoin of Berachain; BBN increases the benchmark BTC staking dividends. By depositing solvBTC.BBN and solvBTC into the Kodiak liquidity pool, staking receipt tokens can be minted. The yield is conservative, suitable for BTC holders who only want to store hard currency, obtain moderate PoL dividends, and wish to preserve value.

wBERA/HONEY

APR approximately 57% | BGT capture rate approximately 18.9% | Platform: Kodiak

The pool will package BERA with HONEY(, the native over-collateralized stablecoin of Berachain), to provide depth for the core accounting unit of the chain. LPs earn two sources of income: ( from the exchange fees of high trading volume paths for BERA/stablecoin; ) benefits from the substantial bribes to validators, obtaining double-digit daily issuance of BGT. The risk of impermanent loss is asymmetric: when the price of HONEY is close to $1, the price of BERA may fluctuate(, making it suitable for users who wish to earn high PoL rewards but do not want to bear the volatility of memecoins. However, a cautious increase in holdings is still necessary, with half of the position tracking BERA price fluctuations.

) byUSD/HONEY

APR approximately 2.8% | BGT capture rate approximately 3.2% | Platform: BeraHub

BYUSD is Berachain's native, dollar-pegged, yield-generating stablecoin. Paired with HONEY on Hub AMM, it provides a way for hedge capital to mine BGT without leaving the stable zone, while also increasing liquidity for high-volume tokens. The APR is moderate, and stablecoin LPs place more emphasis on low slippage and stable returns.

( wETH/WBERA

APR approximately 46.9% | BGT capture rate approximately 3.6% | Platform: Kodiak

For users who hold bridged ETH and wish to maintain exposure to Layer-1, the WETH-WBERA pair is a perfect hedging tool. By providing liquidity and staking LP receipts in Kodiak, one can earn nearly 50% in comprehensive APR, thanks to trading fees from two highly correlated mainstream currencies and stable BGT returns. It is suitable for users who prefer blue-chip assets but don't mind some price volatility.

BTC/ETH/Stabilized Coin Strategy

For users who do not prefer the BGT farming model, Berachain's money market and credit layer allow earning passive income through unilateral deposits, and in some cases, still receiving a portion of validator emissions. Here are some real-time strategies, grouped by underlying assets.

None of these options are the reward vault strategy ), and there is no need to stake LP tokens in the Hub ###. However, several annotations provide options for BGT to assess whether the additional complexity is worthwhile.

related to BTC

• BeraBorrow - SolvBTC / uniBTC / STONEBTC / PUMPBTC: Deposit any of the four types of synthetic BTC assets to earn an approximate floating supply APR of 8-18%, maintaining hard BTC exposure. No BGT earnings, only pure interest income, with the option to use cyclic borrowing collateral for additional leverage.

• Kodiak - Isolation wBTC Lending Pool: Kodiak AMM offers a one-sided wBTC lending feature, with current deposit rates around 10-25%. The interest rates may spike when traders leverage to purchase BTC. The interest-bearing wBTC can subsequently be wrapped and transferred to the reward vault, but plug-and-play is a clean, BGT-neutral yield.

• Concrete - cIBTC and similar ( meet BGT qualifications ): Concrete tokenizes debt positions; mint cIBERABTC, cIBTC, or cIBeraUNI to earn approximately 12-22% base yield, while the protocol offers a small BGT rebate to stakers as part of the validator bribery scheme. Achieves a good balance between simple lending and comprehensive PoL farming.

ETH related

• Dolomite - BeraETH & weETH deposits: BeraETH swaps. There is no BGT, but borrowing demand is stable and interest rates are attractive.

• BeraBorrow - rsETH / BeraETH / WETH: The BeraBorrow simple deposit label generates approximately 6-15% yield on the same type of ETH. Collateral remains liquid ( and can subsequently borrow stablecoins ), with no BGT yield.

stablecoin related

• Yearn - dHONEY vault: Yearn wraps dHONEY ( delta neutral, capturing funding rates of the pseudo-stablecoin ) and automatically compounding perpetual funding and market-making rebates. The net annualized yield is approximately 12-25% APY, not relying on BGT. This is a "one-stop" solution suitable for users who trust Yearn's strategy audits and mission.

• Dolomite - sUSDe deposits: sUSDe synthetic stablecoin earns approximately 8-15% yield on Dolomite, supported by Maker's DSR and internal borrowing demand. Currently the highest unconditional stablecoin rate on Berachain, but without BGT incentives.

• Euler - HONEY lending ### meets BGT qualification (: The Euler isolation pool allows for borrowing original HONEY at an interest rate of 20-40%. The team increases returns by bribing validators, generating an additional approximately 2-4% BGT return, which is automatically accumulated for the suppliers.

• Kodiak - USDa-sUSDa & rUSD-HONEY LP) meets BGT eligibility (: The trading fee return rate for the two stablecoin trading pairs with HONEY on Kodiak is approximately 15-30%, and you are eligible for validator incentives. Directly stake LP tokens on BeraHub to enjoy stable BGT returns and mining pool rewards.

Three Quick Paths of BERA

For users who do not want to deal with LP receipts, validator boosts, or complex dashboards and just want to manage BERA, Berachain offers three simple ways to maintain the productivity of underlying assets:

1. Staking to the vault: BeraHub has launched a vault priced in BERA, such as gBERA-iBERA or wBERA-iBERA. Since both parties to the transaction are tracking the same underlying token, the price difference can be ignored; all profits come from transaction fees and a large number of validator bribes, with the current annual interest rate reaching approximately 150-165%. This is suitable for holders who wish to hold 100% BERA while simultaneously achieving the highest risk-adjusted returns.

2. Deposit BERA into the lending agreement: When lending BERA on Dolomite or Euler, the supply rate fluctuates between 20% to 100% APR based on borrowing demand. There is no BGT, no validator mechanism, only pure interest income, and deposits can later be borrowed as stablecoins. This is suitable for passive income earners who wish to have liquidity and collateralization for their principal.

3. BERA LST: Package BERA into liquid staking tokens )iBERA or gBERA(, to obtain a stable 5-8% base yield, maintaining asset liquidity for future DeFi investments. LST continuously and automatically calculates validator rewards, requiring no manual collection, and tokens can 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 vault is unlocked, Boyco will show the "Claim All" panel, summarizing all holdings, entitled BERA, and a one-click button for migration or withdrawal. No need for multi-signature waiting or copying and pasting contract addresses, directly enter the mainnet.

2. Smart Recommendation Priority: After receiving, the lightweight recommender highlights the whitelist reward vault based on real-time APR, BGT capture rate, and the value of each BGT in USD. Predefined options are acceptable or view the full list of vault options.

3. One-click exchange and deposit: If the target vault requires other assets, the process automatically routes the transaction, such as exchanging original BERA for gBERA, transferring it to LP, and then depositing it, all with just one confirmation. The UI transmits the receipt token and prompts to stake into the PoL of BeraHub to start the inflow of BGT. Users only need to verify the path slippage.

4. Staking LP, mining, and recycling: After staking, you will begin to receive BGT and external incentives provided by the vault. The BGT received can be exchanged for compounded BERA or boosted to distribute BGT to vault validators.

When the new BERA is received in the wallet, the migration pop-up provides three quick channels for reinvestment: )a( Invest in BERA priced LST pairs, such as gBERA-iBERA or wBERA-iBERA, chasing up to approximately 150% APR with no impermanent loss risk; )b( routed to the money market, such as Dolomite or Euler, pure BERA lending supply APR can reach up to 100% during high demand; )c( recycled into interest LST) at a benchmark yield of -8%, maintaining liquidity and can be transferred to other reward vaults in the future.

The entire operation chain is concentrated in a modal window, eliminating the need for manual bridging or handling multiple front ends. Advanced users can adjust the Gas usage as needed or route through Pendle/PT, while beginners can enjoy a managed-level user experience without sacrificing keys.

The Importance of Rollover

Boyco Rollover is not only a convenient optimization, but also marks the official promotion of Boyco LP to a PoL participant:

• Instant BGT yield capability: Prelaunch deposits convert to on-chain receipt tokens, able to absorb validator emissions from Day-1.
• Validator Influence: Staking receipts converted into BGT votes can enhance validators, redirecting more emissions back to the treasury of interest, self-reinforcing returns.
• Composability: Standard ERC-20 tokens can seamlessly integrate with Origami auto-compounding, Pendle YT/PT markets, Dolomite leveraged loops, and other Berachain "Money-Legos".

In short: a Rollover allows passive depositors to grow into participants with governance weight, recursive income 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. Through a simple and intuitive single interface, users can redeploy funds to the reward vault, unilateral lending market, or BERA staking vault based on their risk preferences and return expectations.

The composable certificate tokens of Berachain allow participants to flexibly adjust configurations in response to market and incentive changes. Embracing PoL now not only enables faster adaptation to market fluctuations but also allows 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-reward ratio.

As the Rollover date approaches, it is recommended to pay attention to the foundation's announcement channels for the latest updates.