Announce Boyco Migration Plan

When Berachain announced Boyco, the intention was simple: to provide deep, stable liquidity for dApps on the first day of launching on the mainnet. This way, they can go all out instead of appearing before profit-driven LPs without a clear plan.

The project team has established a pre-deposit market where users can deposit assets (ETH, wBTC, stablecoins, etc.) in exchange for future token rewards and early earnings/participation rights. Within just a few weeks, the results have been remarkable: over $2.5 billion TVL flowing into over 100 markets, with approximately 150,000 wallets participating.

Today, the lock-up period is about to end. Each early depositor will receive BERA and LP receipt tokens simultaneously, starting to look for new opportunities.

Enter Boyco Rollover.

Opportunities After Migration

Depending on the Boyco market you participated in, whether you hold ETH, BTC, or stablecoins, and the BERA rewards earned throughout the Boyco event, there are numerous follow-up opportunities. It is equally crucial to weigh all options before migrating funds, in addition to asset types.

First, it is recommended to visit BeraHub or various LST platforms to personally browse the available strategies.

Do you want to deposit funds into a vault with a higher BGT capture rate? Or the vault with the highest APR? Or both? Once you've identified your goal, PoL is your best choice. But if you're still indecisive, the following will highlight several strategies for migrating funds, the types of assets these vaults accept, 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 bother checking the dashboard, here are four specific vaults covering four different risk-return characteristics — from rock-solid BTC collateral to fully staked HONEY. Each description includes: (a) Source of LP tokens; (b) Current APR and BGT capture share; (c) The problem 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 seen as Berachain's yield-bearing, token-wrapped bitcoin; BBN increases the benchmark BTC staking dividends. By depositing SolvBTC.BBN and SolvBTC into the Kodiak liquidity pool, you can mint receipt tokens for this stake. The yield is conservative: very suitable for those who just want to hold hard currency, earn moderate PoL dividends, and still want to have 1 BTC the next day.

wBERA/HONEY

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

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

(1) Exchange fees from the highest trading volume paths of BERA/stablecoins;

(2) Thanks to the massive bribes to validators in this pool, a double-digit daily issuance share of BGT is obtained. The risk of impermanent loss is asymmetrical (when the price of HONEY approaches $1, the price of BERA may fluctuate), which is appealing for users who wish to obtain substantial PoL rewards without enduring memecoin volatility, although you still need to track BERA's price fluctuations with half of your position, so please add cautiously.

byUSD/HONEY

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

BYUSD is Berachain's native, dollar-pegged, yield-generating stablecoin. Pairing it with HONEY on Hub AMM offers 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 place more emphasis on low slippage and stable returns.

wETH/WBERA

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

If you hold bridged ETH and wish to maintain Layer-1 exposure, the WETH-WBERA pair is a perfect hedging tool: one side is ETH, and the other side is Berachain's underlying asset. Provide liquidity on Kodiak and stake LP receipts to earn nearly 50% combined APR, thanks to the trading fees of two highly correlated mainstream currencies and stable BGT yields. This is a reliable neutral choice for users who prefer blue-chip assets but don’t mind some price fluctuations.

BTC/ETH/stablecoin strategies

If the BGT farming mode is too 'farm-sell' for you, Berachain's money market and credit layer allow you to earn passive income through unilateral deposits while still receiving some validator emissions in certain cases. Here are some real-time strategies grouped by underlying assets.

None of the options here are reward vault strategies (no need to stake LP receipts on the Hub), but there are several options marked as providing BGT, so you can judge whether the additional complexity is worth it in these cases.

BeraBorrow — SolvBTC / uniBTC / STONEBTC / PUMPBTC

Deposit any of the four synthetic BTC assets into BeraBorrow's money market to earn approximately 8–18% floating supply APR while maintaining hard BTC exposure. There are no BGT yields here, only pure interest income, and if you need extra leverage, you can also choose to loop the lending collateral.

Kodiak — Isolated wBTC Lending Pool

Kodiak's AMM offers a discreet unilateral wBTC lending switching feature (looking for wBTC silo instead of LP). Current deposit rates hover around 10–25%, and rates occasionally spike when traders use leverage to buy BTC.

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

Concrete — cIBTC and similar (eligible for BGT)

Concrete tokenizes debt positions; mint cIBERABTC, cIBTC, or cIBeraUNI, and you will receive about 12–22% base yields, while the protocol provides a small BGT rebate to stakers as part of its validator bribe program. This strikes a good balance between pure lending and full PoL farming.

Dolomite — BeraETH & weETH Deposits

Dolomite's margin engine pays 5–20% floating APR for ordinary ETH LSTs. Deposit BeraETH or bridged weETH to earn interest directly, or implement a delta-neutral strategy through the ETH -> BeraETH loop explained in Dolomite UI. There are no BGTs, but lending demand is stable, so rates remain attractive.

BeraBorrow — rsETH / BeraETH / WETH

For users who are unwilling to use leverage, simple deposit labels on BeraBorrow yield about 6–15% returns on the same type of ETH. Collateral remains liquid (you can later borrow stablecoins against it), and there are also no BGT yields.

Yearn — dHONEY vault

Yearn wraps dHONEY (a delta-neutral, rate-capturing pseudo-stablecoin) and automatically compounds perpetual capital and market-making rebates. The net annualized yield APY is approximately 12–25% APY, and it does not rely on BGT. This is a good 'set it and forget it' option for users who trust Yearn's strategy audits and mission.

Dolomite — sUSDe Deposits

sUSDe synthetic stablecoins earn a yield of approximately 8–15% on Dolomite, supported by Maker's DSR and internal lending demand. This is currently the highest unconditional stablecoin rate on Berachain, but please note that there are no BGT incentives.

Euler — HONEY Lending (eligible for BGT)

Euler's isolated pool allows you to lend original HONEY at rates of 20–40%, and the team increases yields through bribing validators — generating an additional approximately 2–4% BGT yields that automatically accumulate to suppliers.

Kodiak — USDa-sUSDa & rUSD-HONEY LP (eligible for BGT)

Finally, if you indeed want to participate in liquidity provider (LP) activities but do not want to endure volatility, the trading fee return rate for two stablecoins plus HONEY trading pairs on Kodiak is approximately 15–30%, and they are eligible for validator incentives. Stake LP tokens directly on BeraHub to enjoy stable BGT yields and pool earnings.

Three Quick Paths of BERA

Boyco mining fills every early depositor's wallet with original BERA 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 the underlying assets. For those who do not want to deal with LP receipts, validator boosts, or circular dashboards, this can be considered Berachain's default setup.

Stake into Vaults

For users who only want stable returns without enduring impermanent loss, Berahub has launched vaults priced in BERA, such as gBERA-iBERA or wBERA-iBERA. Since both sides of the trading pair track the same underlying token, the price difference can be negligible; all profits 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 achieving the highest risk-adjusted returns on the network.

Deposit BERA into lending protocols

If you don't want to touch LP at all, you can simply lend BERA on Dolomite or Euler. Supply rates fluctuate between 20% to 100% APR based on lending demand — usually peaking when speculators leverage new token issues. There are no BGTs and no validator mechanisms — just pure interest income, and if you want to try it later, you can choose to borrow stablecoins against your deposit. Very suitable for those who still want passive income while keeping their principal liquid and re-mortgageable.

BERA LST

Hedging allocators can wrap BERA into liquidity-staked tokens (iBERA or gBERA), earning stable base yields of 5–8% while maintaining asset liquidity for future DeFi investments. Since LST continuously and automatically calculates validator rewards for you, you do not need to manually claim, 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, allowing you to convert those dormant pre-deposit positions into efficient Proof of Liquidity (PoL) collateral with just three clicks:

Claim and Surface Options: the moment the vault unlocks, Boyco will display an 'Claim All' panel that summarizes all holdings, the BERA you are entitled to, and one-click buttons for migration or withdrawal. No need for multi-signature waiting, no need to copy and paste contract addresses, straightforward, allowing you to smoothly enter the mainnet.

Smart recommendation priority: after claiming, the lightweight recommender will highlight some whitelisted reward vaults (like wBERA-iBERA, Dolomite leveraged loops, native LST strategies for infrastructure) 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 view the full list of vault options.

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

Stake LP, mine, and recycle: once staked, you start earning BGT (as well as any external incentives provided by the vault). The earned BGT can be exchanged back for BERA, compounded, or Boost to emit BGT to the validators of your vault.

When newly minted BERA arrives in your wallet, the migration popup will offer three quick paths to reinvest it: (a) Deploy it into BERA-priced LST pairs such as gBERA-iBERA or wBERA-iBERA to chase APRs of up to about 150% without impermanent loss risk; (b) Route it to money markets, like Dolomite or Euler, where pure BERA lending supply APR can soar to 100% when demand is high; or (c) Recycle it to yield-bearing LST (5–8% base yield), maintaining liquidity and the ability to transfer it into any other reward vault in the future.

In other words, you don't even need to let the harvested block rewards sit idle for a block — they can be immediately reinvested back into the PoL flywheel.

The entire operational chain is concentrated in a modal box; no need for manual bridging, nor handling multiple frontends. Advanced users can still adjust the minimum/maximum usage of Gas as needed, or route through Pendle/PT, while newcomers can finally achieve a custodial-level user experience without sacrificing their keys.

Why Rollover is Crucial

Boyco Rollover is not only a convenient optimization but also a critical moment for Boyco LP to officially upgrade to PoL participants:

  • Instant BGT earning capability: your Prelaunch deposits will transform into on-chain receipt tokens, allowing you to absorb validator emissions from Day-1, instead of quietly waiting in your wallet for airdrops.

  • Validator influence: staked receipts convert into BGT votes, allowing you to enhance validators and redirect more emissions back to the vaults you care about, thus self-reinforcing yields.

  • Composability: standard ERC-20 receipt tokens can seamlessly connect with Origami auto-compounding, Pendle YT/PT markets, Dolomite leveraged loops, and the increasingly rich Berachain 'Money-Legos'.

In short: with one Rollover, you grow from a passive pre-depositor to a PoL participant with governance weight, recursive yield paths, and front-row observation of every new BGT Meta.

Conclusion

Rollover marks a significant shift from passive pre-depositing to active participation in Berachain and PoL. With a clean and intuitive single interface, users can redeploy funds to reward vaults, unilateral lending markets, or BERA staking vaults based on their risk preferences and yield demands.

Berachain's composable receipt tokens allow participants to flexibly adjust their configurations according to market and incentive changes. Start embracing PoL now, not only to adapt quickly to market fluctuations but also to take control of the DeFi ecosystem.

By monitoring BGT capture rates, validator fee rates, and current APRs, users can systematically rebalance to maintain an optimal risk-reward ratio.
As the Rollover date approaches, it's recommended to follow the foundation's X account and BeraHub for the latest updates.

Thank you for reading, Beras.