The day before yesterday in Stakestone's Space, teacher @22333D expressed angrily that Bear Chain treats users like Japanese people.

At that time, Boyco withdrawals had just begun, I was still hosting, and had not yet claimed the principal + various rewards, and without investigation, one has no right to speak, so I did not discuss with teacher 3D at that moment.

In the past two days, I took some time to claim all Boyco principal + rewards, and have already reinvested them into Bear Chain’s protocols to continue mining.

Everything is arranged; it is time to write a review!

Diversifying wallets and storing in different protocols

There are two reasons for diversifying wallets:

① In case of low insurance, having more wallets means more hope (it has been proven that there isn’t any)

② Diversifying risks: With frequent phishing theft incidents on-chain, I adhere to the principle of not holding too many assets in a single wallet; in case of unexpected events, the losses won't be heavy.

Diversifying into different protocols is due to the uncertainty of returns; if all funds are stored in one place and there is a pitfall, it would be a total loss.

Chose two protocol pools:

Berachain Pool: Stablecoin pool of @InfraredFinance + @Dolomite_io

Multiple accounts each deposited 5000U USDT

Third-party protocol pools: @ConcreteXYZ + @ethena_labs

Deposited $USDe 6175U

Returns

Berachain Pool: Deposit 5000U, withdraw 5013U, 28.11 $BERA, 2837.77 $veDOLO.

Total returns: 13 + 28.11 * 3.25 + 2837.77 * 0.045 = 232U

Due to early unlocking of $veDOLO incurring a penalty, the actual amount that can be unlocked is over 1400 coins. The current realizable return is 167.5U.

Other expected returns: Infrared airdrop, Boyco will be a separate airdrop pool, hoping it will be generous then.

Third-party protocol pool: The principal needs to wait 72 hours to withdraw.

Returns include 68.3 $veDOLO, 17 $WBERA, 19 $POLLEN, $ENA quantity unknown (has been staked in Ethaena, transferred over after Boyco started, unable to quantify Boyco returns.)

Other expected returns: Concrete 4X points airdrop, 7.3 $xKDK (not TGE yet, 1:1 exchange for protocol tokens later)

Current realizable total returns: 58U

Summary

There is a significant gap between returns and expectations.

For users with high expectations wanting to reap big profits, it is far from expected; the community is indeed very dissatisfied.

For users treating the Boyco event as a financial product to participate in the ecosystem, it serves as a stable entry point into Bear Chain.

From another perspective, if this capital was not placed in Boyco, it might have been lost in the MEME rush or altcoins during this time.

So I am calm about this result and have no excessive complaints; after all, investment is like this, full of uncertainties.

How to play in the post-Boyco era

The Boyco event has ended, but there are still many agreements on Bear Chain to explore and stake in advance.

Currently, the airdropped $BERA has been deposited into @wasabi_protocol, with a yield of 99.5%. The mined $iBGT can continue to be staked for 200%+ returns, while also earning points for Infrared and Wasabi.

Stablecoins are forming rUSD-USD₮0 LP at @KodiakFi, then deposit the LP into Infrared to earn 12.91% $iBGT returns. Meanwhile, earn points for Kodiak and Infrared.

Reasons for continuing to hold $BERA and mine $iBGT:

$iBGT is the liquidity token for $BGT, $BGT and $BERA can be exchanged at a 1:1 ratio, $iBGT has always had a premium over $BERA, plus it is currently at a low price for BERA, the $BERA and $iBGT held are expected to take off in the future.

The above is just sharing my strategy and thoughts, not investment advice; please proceed with caution for any operations!