NEWSLETTER
Berachain approaches the launch of Mainnet with Boyco Program and Token Generation Event (TGE)
Beraína has announced the closure of Boyco Deposits, marking a significant milestone as the platform approaches its Netnet launch. A total of 2% of the $ Bera supply is now blocked, which represents an amazing TVL of $ 3.1 billion. Of this, 1.1% (55% of Bera in Boyco) has been distributed in third -party markets with a TVL of $ 2.5 billion, while 0.9% (45% of the offer) is assigned in the main markets, which obtains $ 508 million in TVL. This positioning suggests substantial profits for the main market depositors.
Source: Bera Daily
While some speculated that this was part of the Boyco program, Berachain clarified that the Boyco initiative will begin soon, with the launch of Mainnet expected within weeks after Boyco is launched.
The vaults prior to the launch, created independently by concrete/Lombard and Stakestone, were introduced to rationalize the provision of liquidity and reduce long periods of waiting LP. Berachain coordinated with these teams to guarantee a perfect transition, taking advantage of the Beramas event to indicate the preparation of the ecosystem. The interest of other equipment in the establishment of similar vaults continues to grow.
The funds of these deposits are carried out safely in vaults administered by @Concretexyz and @stake_stone, with assignments directed towards bera native protocols such as @kodiakfi and @dolomite_io. These assets will play a vital role within the Berachain main ecosystem.
The first participants benefit from prior rewards to Boyco and get early access to concrete bags with an automated and easy -to -use experience. However, this has a flexibility cost in future Boyco vault deposits.
Berachain emphasizes that whales have no unfair advantages beyond their capital. The Boyco program is specifically designed to democratize access to competitive yields, with liquidity incentives distributed equally among all participants, ensuring equity in all areas.
Source: Berain
Next Airdrop program
Berachain is distinguished through transparency and a commitment to value -based applications. The launch of Boyco will clearly describe the allocations of $ Bera, the participating DAPPs, the eligible deposits and the incentive structures. Unlike Inflate TVL platforms, Berachain prioritizes the genuine growth of the ecosystem through native applications.
Berachain's success is intrinsically linked to its ecosystem. Its liquidity test model (POL) guarantees that sustainable incentives flow towards BGT over time, promoting the success of the long -term application and the resilience of the ecosystem.
Berachain reiterates that Airdrops are designed to reward loyal followers instead of attracting new users. This distinction helps maintain the integrity of the community and the ecosystem.
According to the Berachain CEO, Smokey Beras, Testnet users will still have a great opportunity to receive an Airdrop.
About Berachain: A look at the future
Berachain, an innovative blockchain platform built in the SDK cosmos, has been making waves in the cryptographic ecosystem with its sole liquidity testing mechanism (POL). Designed to address the inefficiencies of traditional pond test models (POS) and work tests (Pow), the Beachain Pol encourage the provision of liquidity while maintaining a robust network security. This novel approach has positioned Berachain as an outstanding player in the Decentralized Finance Space (DEFI).
Berachain has six official nft collections, starting with OG Bong Bears. Each collection suffers a “overflow” process, giving new nft holders with each launch. The final exception will coincide with the launch of Mainnet. Since it was founded by nft Collections, it is worth watching the Berachain nft ecosystem.
Berachain has focused on building a strong community around its nft collections. By creating an ecosystem in which ONE nft possess can generate benefits in other collections or within the widest platform in Berachain, encourage community interaction and long -term participation.
