From Passive Pre-storage to Active Participation: Boyco Migration Plan and Berachain PoL Ecosystem

When Berachain initially launched Boyco, the goal was clear: to provide ample and stable liquidity for dApps on their mainnet launch day. This allows the project team to focus on development without having to deal with speculative liquidity providers in the absence of planning.

The platform has established a pre-deposit market, allowing users to deposit assets such as ETH, BTC, and stablecoins ( to earn future token rewards and early participation rights. In just a few weeks, the results have been remarkable: over $2.5 billion in total locked value has flowed into more than 100 markets, with approximately 150,000 wallets participating.

As the lock-up period is coming to an end, each early depositor will receive both BERA and LP certificate tokens, and begin looking for new investment directions. This leads to the Boyco Rollover program.

Investment Opportunities After Migration

Based on your previous participation in the Boyco market, whether holding ETH, BTC, or stablecoins, as well as the BERA rewards obtained throughout the event, there are various follow-up investment options. In addition to considering the asset type, it is equally important to comprehensively evaluate all options before the fund migration.

It is recommended to first visit BeraHub or various LST platforms to personally understand the available strategies. You can weigh whether to deposit funds into the BGT reward vault with a higher capture rate, or the vault with the highest APR, or a combination of both. Once you determine your goal, PoL will be your best choice. If you are still weighing your options, the following will highlight several capital migration strategies, the types of assets accepted by these vaults, and their differences in risk and BGT emission.

Let's first take a look at a few representative reward vault opportunities.

Partial Reward Vault Opportunities

The migration interface will list about 40 target options, but for convenience, here are four specific vaults covering different risk-return characteristics - from conservative BTC collateral to aggressive HONEY full positions. Each vault description includes: )a( the source of LP tokens; )b( the current APR and BGT capture share; )c( the actual problems this vault solves for the Berachain ecosystem.

) solvBTC.BBN/solvBTC

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

SolvBTC can be considered as a yield-bearing, collateralized Bitcoin on Berachain; BBN adds benchmark BTC staking rewards. By depositing SolvBTC.BBN and SolvBTC into the Kodiak liquidity pool, staking receipt tokens can be minted. The yield is conservative, making it ideal for those who simply want to store hard currency, receive moderate PoL dividends, and wish to preserve the value of their BTC holdings.

wBERA/HONEY

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

The pool will wrap BERA with HONEY###, the native over-collateralized stablecoin of Berachain(, to provide deep liquidity for the core accounting unit of the chain. LPs will earn two streams of income:

1. Exchange fees from BERA/stablecoin high trading volume paths
2. Thanks to the large bribes to validators from this pool, a double-digit daily issuance share of BGT is obtained.

The risk of impermanent loss is asymmetric. When the price of HONEY approaches $1, the price of BERA may fluctuate. It is suitable for users who wish to obtain high PoL rewards but are unwilling to bear the volatility of meme coins. However, it is still necessary to track the price of BERA with a half position, so please accumulate cautiously.

) byUSD/HONEY

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

BYUSD is the native, dollar-pegged, yield-generating stablecoin of Berachain. Paired with HONEY on Hub AMM, it provides a way to mine BGT without leaving the stable zone for hedging funds while increasing liquidity for high trading volume tokens. The APR is moderate, but stablecoin LPs place more importance on low slippage and stable returns.

( wETH/WBERA

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

For users holding bridged ETH and wishing to maintain exposure to Layer-1, the WETH-WBERA pair is an ideal choice: one side is ETH, and the other side is the Berachain base asset. By providing liquidity in Kodiak and staking LP receipts, one can earn nearly 50% in combined APR, benefiting from the trading fees of two highly correlated mainstream currencies and stable BGT earnings. This is suitable for users who prefer blue-chip assets but do not mind slight price fluctuations.

BTC/ETH/Stability Coin Strategy

If the BGT farming model is too aggressive, Berachain's currency market and credit layer allow for earning passive income through unilateral deposits, and in certain cases, still obtain a portion of the validator emissions. Below are some real-time strategies grouped by underlying assets.

None of these options are reward vault strategies ) and do not require staking LP tokens in the Hub ###, but there are several annotations providing options for BGT for you to assess whether the additional complexity is worth it.

BeraBorrow - SolvBTC / uniBTC / STONEBTC / PUMPBTC

Deposit four types of BTC synthetic assets into the BeraBorrow money market to earn approximately 8-18% floating supply APR while maintaining hard BTC exposure. There are no BGT earnings, only pure interest income, and you can choose to use revolving loan collateral to obtain additional leverage.

( Kodiak - Isolated wBTC Lending Pool

Kodiak AMM offers a one-sided wBTC lending feature ) to find the wBTC silo, non-LP ###. The current deposit interest rate is around 10-25%, and traders' leverage buying BTC occasionally spikes. The interest-earning wBTC can be later wrapped and transferred to the reward vault, but out-of-the-box is a straightforward BGT neutral yield method.

Concrete - cIBTC and similar ( meet BGT qualification )

Concrete tokenizes debt positions; minting cIBERABTC, cIBTC, or cIBeraUNI can yield approximately 12-22% base returns, with the protocol offering a small BGT rebate as a validator bribery program. Achieving a balance between pure lending and comprehensive PoL farming.

Dolomite - BeraETH & weETH deposit

BeraETH loop guided by the UI. There is no BGT, but borrowing demand remains stable, keeping interest rates attractive.

( BeraBorrow - rsETH / BeraETH / WETH

BeraBorrow's simple deposit option generates approximately 6-15% returns on the same type of ETH. The collateral remains liquid ) and can later be borrowed as stablecoins ###, also with no 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 is approximately 12-25% APY, independent of BGT. It is a good "set-it-and-forget-it" solution for users who trust Yearn's strategy audits.

Dolomite - sUSDe deposit

sUSDe synthetic stablecoin earns about 8-15% yield on Dolomite, supported by Maker DSR and internal lending demand. Currently the highest unconditional stablecoin rate on Berachain, but note that there are no BGT incentives.

( Euler - HONEY Lending ) meets BGT eligibility ###

The Euler isolation pool allows the original HONEY to be lent out at an interest rate of 20-40%. The team increases profits by bribing validators - generating an additional approximately 2-4% BGT yield, which is automatically accumulated for the suppliers.

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

If you really want to participate in LP activities but do not want to bear volatility, the fee return rate for the two stablecoin trading pairs with HONEY 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 yields and mining pool rewards.

Three Quick Paths of BERA

Boyco mining allows every early depositor to receive a large amount of original BERA tokens upon withdrawal. If all mature reward vaults or unilateral strategies are not suitable, Berachain still offers three simple ways to maintain BERA productivity. For users who do not wish to deal with LP receipts, validator boosts, or circular dashboards, this can be seen as Berachain's default setting.

pledged to the vault

For users who only want to obtain stable returns without bearing impermanent loss, Berahub has launched BERA-denominated vaults, such as gBERA-iBERA or wBERA-iBERA. Since both sides of the trading pair track the same underlying token, the price difference can be ignored; all returns come from transaction fees and significant validator bribes, with the current annual interest rate reaching about 150-165%. It is suitable for holders who wish to hold 100% BERA while simultaneously obtaining the highest risk-adjusted returns on the network.

Deposit BERA into the lending agreement (.

If you want to avoid LP entirely, you can simply lend BERA on Dolomite or Euler. The supply rate fluctuates 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, with the option to later borrow stablecoins against deposits. Suitable for passive income earners who want liquidity and collateralization for their principal.

) BERA LST

Risk-averse investors can package BERA into liquid staking tokens ###iBERA or gBERA###, obtaining a stable base yield of 5-8%, while maintaining asset liquidity for future DeFi investments. LST will continuously and automatically calculate validator rewards, eliminating the need for manual collection, and tokens can still 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 dormant pre-deposited positions into efficient PoL collateral with just three clicks.

1. Claim and display options: When the vault is unlocked, Boyco displays the "Claim All" panel, summarizing all holdings, earned BERA, and one-click buttons for migration or withdrawal. No need for multi-signature waiting, no need to copy and paste contract addresses, directly enter the mainnet.

2. Intelligent Recommendation Priority: After receiving, the lightweight recommender highlights the whitelist reward vault ### based on real-time APR, BGT capture rate, and the dollar value of each BGT, such as wBERA-iBERA, Dolomite leverage cycle, and infrastructure native LST strategy (. Predefined options are acceptable or click "Explore All" to view the complete list.

3. One-click exchange and deposit: If the target vault requires other assets, the process automatically routes the transaction - for example, exchanging original BERA for gBERA, transferring to LP, and then depositing, requiring only one confirmation. The UI transfers the receipt token and immediately prompts to stake in the PoL of BeraHub, starting the inflow of BGT. Users only need to verify path slippage.

After staking LP, you can start earning BGT) and external incentives provided by the vault (. The received BGT can be exchanged for BERA compound interest or Boost to allocate BGT to the vault validators.

When the new minted BERA arrives in the wallet, the migration pop-up offers three quick channels for reinvestment: 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) routing to the money market, such as Dolomite or Euler, pure BERA lending supply APR can reach up to 100% during high demand. c( Recycle to earn LST)5-8% benchmark yield), maintain liquidity and can be transferred to other reward vaults in the future.

In other words, the block rewards harvested do not even need to leave a block idle - they can be immediately reinvested back into the PoL flywheel.

The entire operation chain is centralized in a modal box; no manual bridging is required, and there is no need to handle multiple front ends. Advanced users can still adjust the Gas usage or route through Pendle/PT, while beginners can enjoy a custodial-level user experience without sacrificing their keys.

The Importance of Rollover

The Boyco Rollover is not only a convenient optimization but also a key moment for Boyco LP's official advancement to become a PoL participant.

• Instant BGT earning capability: Pre-release deposits convert into on-chain receipt tokens, allowing for the absorption of validator emissions on the first day, rather than waiting for an airdrop.
• Validator Influence: The staked receipts are converted into BGT votes, which can enhance validators and redirect 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 looping, and the increasingly rich Berachain "Money-Legos".

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