Announcing Boyco Relocation Plan
When Berachain announced Boyco, the intention was simple: to allow dApps to have deep, stable liquidity on the first day of mainnet launch. This way they can go all out instead of showing up in front of mercenary LPs without a clear plan.
The project 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. In just a few weeks, the results are remarkable: more than $2.5 billion TVL has flowed into more than 100 markets, and about 150,000 wallets have participated.
Now that the lock-up period is about to end, every early depositor will receive both BERA and LP certificate tokens and start looking for a new place.
Enter the Boyco Rollover.
Opportunities after migration
Depending on the Boyco markets you have participated in, whether you hold ETH, BTC or stablecoins, as well as BERA rewards earned throughout Boyco activities, there are a lot of follow-on opportunities. In addition to asset type, it is also important to weigh all options before migrating funds.
First, it is recommended to go to BeraHub or various LST platforms to browse the available strategies yourself.
Do you want to deposit your funds into a bonus vault with a higher BGT capture rate? Or a vault with the highest APR? Or a combination of both? Once you have determined your goals, PoL is your best choice. But if you are still undecided, the following article will highlight several strategies for migrating funds, the types of assets these vaults accept, and how they differ in risk tolerance and BGT emissions.
Let's start with some bonus vaults.
Partial Reward Vault Opportunities
The migration interface will list about 40 destination options, but if you don’t want to wade through the dashboard, here are four specific vaults covering four different risk-reward characteristics — from rock-solid BTC collateral to all-in HONEY. Each description contains: (a) LP token source; (b) current APR and BGT capture share; (c) the problem that the vault actually solves for the Berachain economic system.
solvBTC.BBN/solvBTC
APR ~2.6% | BGT Capture Rate ~1.0% | Platform : Kodiak
Think of SolvBTC as Berachain's yield-based, voucher-wrapped Bitcoin; BBN adds the base BTC staking dividend. By depositing SolvBTC.BBN and SolvBTC into the Kodiak liquidity pool, you can mint receipt tokens staked there. Conservative yield: Great for big BTC holders who just want to store hard currency, get a modest PoL dividend, and still have 1 BTC the next day.
wBERA/HONEY
APR ~57% | BGT Capture Rate ~18.9% | Platform : Kodiak
The pool combines wrapped BERA with HONEY (Berachain's native overcollateralized stablecoin), so you are actually providing depth to the core accounting unit of the chain rather than chasing memes. LPs receive two incomes:
(1) Conversion fees from the BERA/stablecoin highest volume trading path;
(2) Thanks to the pool's huge bribes to validators, it obtains a double-digit daily share of BGT issuance. The risk of impermanent loss is asymmetric (when the price of HONEY is close to $1, the price of BERA may fluctuate), which is attractive to users who want to get rich PoL rewards without being exposed to memecoin fluctuations, although you still need to use half of your position to track BERA's price fluctuations, so please accumulate with caution.
byUSD/HONEY
APR ~2.8% | BGT capture rate ~3.2% | Platform : BeraHub
BYUSD is Berachain's native, USD-pegged, yield-generating stablecoin. Pairing it with HONEY on the Hub AMM provides a way for safe haven capital to mine BGT without leaving the stable zone, while still increasing pool volume for one of the network's most traded tokens. The APR is moderate, but stablecoin LPs value low slippage and stable returns more.
wETH/WBERA
APR ~46.9% | BGT Capture Rate ~3.6% | Platform : Kodiak
If you hold bridged ETH and want to maintain Layer-1 exposure, the WETH-WBERA pair is a perfect hedge: ETH on one side and Berachain's underlying asset on the other. Providing liquidity on Kodiak, staking LP receipts, you can get a combined APR of nearly 50%, thanks to the transaction fees of two highly correlated mainstream currencies and stable BGT income. For users who prefer blue-chip assets but don't mind a little price volatility, this is a reliable neutral choice.
BTC/ETH/stablecoin strategy
If the BGT farming model is too “farm-and-dump” for you, Berachain’s money market and credit layer allows you to earn passive yield on a one-sided deposit and still receive a portion of validator emissions in some cases. Here are some live strategies, grouped by underlying asset.
None of the options here are non-bonus vault strategies (no need to stake LP credentials on the Hub), but there are a few marked as offering BGT so that you can judge whether the extra complexity is worth it in those cases.
BeraBorrow — SolvBTC / uniBTC / STONEBTC / PUMPBTC
Deposit any of the four BTC synthetic assets into BeraBorrow's money market to earn a floating supply APR of about 8–18% while maintaining hard BTC exposure. There is no BGT yield here, only pure interest income, and you can also choose to revolve lending collateral if you need additional leverage.
Kodiak — Segregated wBTC Lending Pool
Kodiak’s AMM provides a low-profile one-sided wBTC lending switch (look for wBTC silos, not LPs). Current deposit rates hover around 10–25%, with rates occasionally spiking when traders use leverage to buy BTC.
You can later transfer the interest-earning wBTC wrapper into the rewards vault, but out of the box this is a clean, BGT-neutral yield.
Concrete — cIBTC and similar (BGT eligible)
Concrete tokenizes debt positions; minting cIBERABTC, cIBTC, or cIBeraUNI will earn you a base yield of about 12–22%, while the protocol provides small BGT kickbacks to stakers as part of its validator bribery program. This strikes a good balance between pure lending and full PoL farming.
Dolomite — BeraETH & weETH deposits
Dolomite's margin engine pays a floating APR of 5–20% for regular ETH LST. Deposit BeraETH or bridged weETH and earn interest directly, or do a delta-neutral strategy with the ETH -> BeraETH cycle explained by the Dolomite UI. No BGT, but lending demand is stable so rates remain attractive.
BeraBorrow — rsETH / BeraETH / WETH
For users who prefer not to use leverage, a simple deposit tab on BeraBorrow yields around 6–15% on the same ETH type. The collateral remains liquid (you can later borrow stablecoins with it), again with no BGT yield.
Yearn — dHONEY vault
Yearn encapsulates dHONEY (a delta-neutral, funding-rate-capturing pseudo-stablecoin) and automatically compounds perpetual funds and market-making rebates. The net annualized yield APY is about 12–25% APY and does not rely on BGT. For users who trust Yearn's strategy audits and mission, this is a good "once and for all" solution.
Dolomite — sUSDe Deposits
sUSDe synthetic stablecoins earn yields of around 8–15% on Dolomite, supported by Maker’s DSR and internal lending demand. This is currently the highest no-strings-attached stablecoin rate on Berachain, but please note there is no BGT incentive.
Euler — HONEY Lending (BGT Eligible)
Euler’s segregated pools allow you to lend raw HONEY at an interest rate of 20–40%, and the team increases the yield by bribing validators — generating an additional ~2–4% BGT yield that automatically accrues to suppliers.
Kodiak — USDa-sUSDa & rUSD-HONEY LP (BGT Eligible)
Finally, if you do want to participate in liquidity provider (LP) activities but don’t want to bear the volatility, the transaction fee return rate of two stablecoins plus HONEY trading pairs on Kodiak is about 15–30% , and it is eligible for validator incentives. Stake LP tokens directly on BeraHub to enjoy stable BGT income and mining pool income.
Three shortcuts for BERA
Boyco Mining allows every early depositor to have their wallet filled with BERA native tokens the moment they click "Catch All". If all the mature reward vaults or unilateral strategies cannot meet your needs, Berachain still provides three extremely simple ways to maintain the productivity of the underlying assets. For those who don't want to bother with LP receipts, validator promotions or circulation dashboards, and just want to manage BERA, this can be said to be the default setting of Berachain.
Pledge to the vault
For users who just want a stable yield without the risk of 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 is negligible; all income comes from transaction fees and a large number of validator bribes, which currently have an annual interest rate of about 150–165%. This is ideal for holders who want to hold 100% of BERA and obtain the highest risk-adjusted return on the network at the same time.
Deposit BERA into the lending protocol
If you don’t want to touch LP at all, you can simply lend BERA on Dolomite or Euler. Supply rates fluctuate between 20% and 100% APR depending on lending demand — usually highest when speculators leverage into new token launches. No BGT, no validator mechanism required — just pure interest income, with the option to borrow stablecoins with your deposit if you want to try it out later. Perfect for passive income seekers who still want the principal to be liquid and rehypothecable.
BERA LST
Risk-averse allocators can package BERA into liquid staking tokens (iBERA or gBERA) to obtain a stable 5–8% base yield while maintaining asset liquidity for future DeFi investments. Since LST continuously and automatically calculates validator rewards for you, you do not need to claim them manually and can still deposit tokens in any reward vault or money market.
How Rollover Works
Boyco Rollover is essentially a guided exit channel that turns those dusty pre-deposit positions into efficient Proof of Liquidity (PoL) collateral in just three clicks:
Claim & surface options : The moment the vault is unlocked, Boyco will display a "Claim All" panel that summarizes all holdings, the BERA you deserve, and a one-click button to migrate or withdraw. No need to wait for multi-signatures, no need to copy and paste contract addresses, it is straightforward and allows you to enter the mainnet smoothly.
Smart Recommendation Priority: After claiming, the Lightweight Recommender will highlight some whitelisted bonus vaults (such as wBERA-iBERA, Dolomite Leverage Cycle, Infrastructure Native LST Strategy) based on real-time APR, BGT capture rate, and USD value per BGT. You can accept one of the presets or click the "Explore All" tab to see 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 example, exchanging raw BERA for gBERA, transferring to Proof of Liquidity (LP), and then depositing, all with a single confirmation. The UI transfers the receipt token and immediately prompts you to stake it into the BeraHub's Proof of Liquidity so that BGT can start flowing in. You only need to verify the slippage on the path.
Staking LP, Mining, Recycling: Once you stake, you start earning BGT (and any external incentives provided by the vault). The BGT you receive can be exchanged for BERA, compounded, or boosted to emit BGT to the validator of your vault.
When newly minted BERA arrives in your wallet, a migration popup offers three quick ways to get it back to work: (a) put into a BERA-denominated LST pairing like gBERA-iBERA or wBERA-iBERA to chase APRs up to ~150% with no impermanent loss risk; (b) route to money markets like Dolomite or Euler where the supply APR for pure BERA lending can soar to 100% when demand is high; or (c) recycle into interest-bearing LST (5–8% benchmark yield), which remains liquid and can be transferred to any other reward vault in the future.
In other words, you don’t even have to let harvested block rewards sit idle for a block — they can be immediately reinvested back into the PoL flywheel.
The entire chain of operations is centralized in a single modal; no manual bridging or handling of multiple frontends is required. Advanced users can still adjust the minimum/maximum usage of Gas as needed, or route through Pendle/PT, while novices can finally get a custodial-level user experience without sacrificing keys.
Why Rollover is Important
Boyco Rollover is not only a convenient optimization, but also a key moment for Boyco LP to officially become a PoL participant :
- Instant BGT earning power: Your Prelaunch deposit will be converted into an on-chain receipt token, absorbing validator emissions on Day-1, rather than sitting in your wallet waiting for an airdrop.
- Validator Influence: Staking receipts are converted into BGT votes, allowing you to promote validators, which in turn redirects more emissions back to the vaults you care about, leading to self-reinforcing gains.
- Composability: Standard ERC-20 certificate tokens can be seamlessly connected to Origami automatic reinvestment, Pendle YT/PT market, Dolomite leverage cycle, and the increasingly rich Berachain "Money-Legos".
In short: With one Rollover, you will grow from a passive depositor to a PoL participant with governance weight, recursive profit path, and front-row view of each new BGT Meta .
Conclusion
Rollover marks a significant shift from passive deposit to active participation in Berachain and PoL. With a simple and intuitive single interface , users can redeploy funds to the reward vault, unilateral lending market or BERA pledge vault based on risk appetite and yield demands.
Berachain's composable voucher tokens allow participants to flexibly adjust their allocations as the market and incentives change. Embracing PoL now will not only help you adapt to market fluctuations more quickly, but also help you take the initiative in the DeFi ecosystem.
By monitoring the BGT capture rate, validator fee rate, and current APR, users can systematically rebalance to maintain the optimal risk-return ratio.
As the rollover date approaches, it is recommended to follow the foundation's X and BeraHub to get the latest updates.
Thanks for reading, Beras.
