From Boyco to Full PoL: The Evolution of Berachain

When Berachain initially launched Boyco, the goal was clear: to provide stable initial liquidity for dApps. The results exceeded expectations, attracting over $25 billion in funds and approximately 150,000 users in just a few weeks.

Now, the Boyco lock-up period is about to end. Participants will receive BERA and LP voucher tokens, facing the issue of fund reallocation. This is the origin of the Boyco Rollover program.

Migration Strategy Overview

Based on your participation in Boyco, whether it's ETH, BTC, or stablecoins, there are various follow-up options available. It is recommended to first browse through the specific strategies on BeraHub or various LST platforms.

You can choose a vault with higher BGT rewards, or a vault with the highest APR, or even both. PoL is the best option, but if you still have doubts, several representative vault strategies will be introduced below.

Some High-Yield Vaults

The migration interface will list about 40 options, focusing on 4 typical vaults here:

1. solvBTC.BBN/solvBTC (Kodiak) APR is about 2.6%, BGT capture rate is about 1.0% Suitable for BTC holders seeking stable returns

2. wBERA/HONEY (Kodiak) APR is approximately 57%, BGT capture rate is approximately 18.9% Provide liquidity for Berachain's core assets, earn high transaction fees and BGT rewards.

3. byUSD/HONEY (BeraHub) APR is approximately 2.8%, BGT capture rate is approximately 3.2% Stablecoin LP, low-risk mining BGT

4. wETH/WBERA (Kodiak) APR is approximately 46.9%, BGT capture rate is approximately 3.6% Hedging with ETH and BERA to earn double benefits of trading fees and BGT.

BTC/ETH/Stablecoin One-Sided Strategy

For users who do not wish to participate in LP, Berachain also offers the option of single-sided deposits to earn passive income:

• BTC: Can be deposited into BeraBorrow, Kodiak, or Concrete, with an annual yield ranging from 8% to 25%.
• ETH: Can be deposited in Dolomite or BeraBorrow, annual yield 5-20%
• Stablecoin: Can be deposited into Yearn's dHONEY vault (12-25% APY) or Dolomite's sUSDe pool (8-15%)
• HONEY: Can be lent to Euler, with an annualized return of 20-40% plus BGT rewards.

Three Options for BERA Holders

1. Stake to gBERA-iBERA and other vaults, with an annualized return of up to 150-165%
2. Deposit into the Dolomite or Euler lending market, with an annualized rate of 20-100%.
3. Convert to LST such as iBERA or gBERA, with a basic annualized rate of 5-8%

Rollover Operation Process

1. One-click to claim all Boyco rewards
2. The system intelligently recommends the optimal vault
3. One-click exchange and deposit into the target vault
4. Stake LP tokens to start earning BGT
5. The harvested BGT and BERA can be quickly reinvested.

The entire process is completed in one interface, without the need for manual bridging or operating multiple front ends.

The Importance of Rollover

Rollover is not only a convenient feature, but also marks Boyco LP's official upgrade to a PoL participant:

• Start earning BGT now
• Obtain validator voting rights
• Obtain composable ERC-20 token

Conclusion

Rollover is a key step for Berachain in transitioning from pre-mining to a fully PoL ecosystem. Users can flexibly deploy funds into various reward vaults or unilateral markets based on their needs. Berachain's composable token system provides users with more possibilities for proactive management strategies.

As the Rollover date approaches, please keep a close eye on official channels for the latest updates.