Boyco, the app by Berachain, goes live, securing $2.2B in ‘Pre-Deposits’.

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

Berachain’s Boyco platform officially went live on Tuesday, securing over $2.2 billion in pre-deposits. The new platform is designed to solve the “cold start” issue faced by decentralized applications (dApps) by allowing them to establish liquidity markets before their mainnet launches.

Developed in partnership with Enso, Berachain, and LayerZero, Boyco aims to provide sufficient liquidity for dApps right from day one, ensuring they can attract users and gain traction in the competitive DeFi ecosystem.

Boyco is an implementation of the Royco protocol, which operates on Ethereum and allows protocols to negotiate directly with liquidity providers (LPs) to secure liquidity. Boyco adapts this model for Berachain’s mainnet launch, offering a way for dApps to set up liquidity markets ahead of time.

Through Boyco, users can deposit assets into vaults that will remain locked until Berachain’s mainnet goes live. In return, depositors may earn rewards in the form of BERA tokens or points from Berachain or participating dApps. The platform features over 100 liquidity markets, with options for single or two-sided deposits, and offers various incentives to participants.

“The Boyco markets will reward depositors with a combination of BERA and app-specific incentives,” the team said in an update on X.

The Boyco program is live on Ethereum’s mainnet until February 3, after which the liquidity will be transferred to Berachain along with the locked assets. Boyco participation will distribute over 2% of the total BERA supply to users.

Berachain, an up-and-coming blockchain using a proof-of-liquidity consensus mechanism, has developed a dedicated following, particularly on X. The blockchain’s unique approach to liquidity provision has sparked significant anticipation as it humorously targets a “Q5” launch—beyond the typical Q4 timeframe—further heightening interest in the platform’s mainnet debut.