Boyco, Berachain’s new app, officially launches with $2.2B in ‘Pre-Deposits’.

Berachain’s Boyco Platform Launches with $2.2B in Pre-Deposits to Fuel dApp Liquidity

Berachain’s Boyco platform officially launched on Tuesday, attracting over $2.2 billion in pre-deposits. This pre-launch liquidity solution is designed to help decentralized applications (dApps) overcome the liquidity challenges they often face when starting up by allowing them to secure liquidity before their mainnet launch.

Boyco was developed in collaboration with Enso, Berachain, and LayerZero to address the cold start problem, ensuring that new dApps can attract users immediately by having sufficient liquidity in place from day one. This strategy gives dApps an edge in the competitive decentralized finance (DeFi) space.

The Boyco platform is an extension of the Royco protocol, which operates on Ethereum and enables liquidity negotiations between protocols and liquidity providers (LPs). Boyco is a tailored solution for Berachain’s upcoming mainnet, providing a means for applications to create liquidity markets prior to their official launch.

Through Boyco, users can deposit assets into vaults, where they will remain locked until the mainnet goes live. In return, users are rewarded with BERA tokens or points from either Berachain or participating dApps. Boyco will feature more than 100 liquidity markets, allowing users to make single or two-sided deposits and earn various rewards.

“During the Boyco launch, users will have access to a wide range of markets, with rewards in BERA and other app-specific incentives,” the team noted in an update on X.

Boyco is currently active on Ethereum’s mainnet until February 3, after which the liquidity will be transferred to Berachain, alongside the locked assets. More than 2% of the total BERA supply will be distributed to participants in the Boyco program.

Berachain, a blockchain using a proof-of-liquidity consensus mechanism, has developed a passionate following, especially on X, and continues to build excitement for its mainnet launch, humorously set for “Q5″—a quarter beyond the standard Q4—further adding to the anticipation surrounding the platform.