🧐 Deep Dive into Berachain Opportunities｜From a Comprehensive Guide to Berachain Boyco Deposits to Full Participation in the Ecosystem——

After Berachain opened staking deposits, I recently transferred a lot of funds to Berachain, making it the second deposit project I heavily invested in after Eigenlayer;

Currently, there are four main channels for participating in Berachain Boyco deposits: StakeStone, Lombard, Ethena Labs, and etherfi;

I am accustomed to participating, researching, recording, and summarizing;

Yesterday afternoon, I discussed the @berachain project with a few friends and ultimately decided to participate deeply,

As all four protocols have available funds, I am participating in all four deposit protocols at the moment,

This article mainly discusses the participation methods and my feelings, hoping to be helpful to everyone,

As for whether to participate in staking deposits, I hope everyone does their own research (DYOR);

1️⃣ How to Participate｜What is Boyco ——

First, the current deposit model is through Boyco:

🚨 What is Boyco?

In simple terms, it is a pre-deposit! By participating in Boyco deposits, you can earn $BERA + deposit incentives in the form of project tokens.

Boyco is a liquidity market created in collaboration between Berachain and @roycoprotocol, aimed at raising liquidity before the launch of the Berachain mainnet to ensure sufficient liquidity support for various applications and transactions once the chain is launched. The Boyco market attracts users to deposit funds in advance through pre-deposit activities (including pre-pre-deposits).

This can be seen as a way to participate early in the Berachain ecosystem. Currently, the main participation channels are four: StakeStone, Lombard, Ethena Labs, and etherfi;

1) StakeStone: StakeStone Berachain Vault——

Entry: https://app.stakestone.io/u/vault/detail/bera?r=4B8A9

@Stake_Stone Vault provides a seamless way to participate in the Berachain ecosystem, creating a flywheel effect for more earnings. It can be said to be a blessing for the lazy, an innovative solution that simplifies everything in one stop——

By participating in Berachain's pre-deposit activities through StakeStone Vault, you can also earn:

Berachain token Bear + StakeStone governance token $STO + Kodiak points + Dolomite points, a four-in-one benefit!

For detailed content, check out my research here: https://x.com/BTW0205/status/1872224278734901753

2) Ethena's Berachain Incentive Pre-Deposit Vault Concrete——

Concrete deposit entry: http://ethena.concrete.xyz

@ethena_labs staking entry: http://app.ethena.fi/join/7pwhw

Ethena's Berachain accepts deposits in USDe, sUSDe, and USDC/USDT.

Concrete has launched two Ethena pre-deposit vaults for the Berachain launch deposit plan, which are the first places that allow users to maintain dollar exposure while earning Berachain rewards and participating in its ecosystem.

Deposits in USDe and sUSDe will qualify for Ethena rewards, Concrete Points, BERA, and native ecosystem rewards.

5x to 30x Ethena points, 4x Concrete points, 1x Kodiak points, 1x Dolomite points

For details, see: https://x.com/btw0205/status/1873210961139777950?s=46&t=1fmViEEp4ahAv6QgAcIA2g

3) etherfi Protocol——

Entry: http://app.ether.fi/liquid/bera-eth

@ether_fi, in addition to all Bera + Bera protocol rewards, also adds a $2 million ETHFI reward!

Supports deposits of $weETH, $WETH, $stETH, ($eBTC, $wBTC, $cbBTC, or $LBTC)

What you get when you deposit into Liquid Bera vaults: • Berachain Rewards - up to 1%+ of total supply • 3x

• @KodiakFi points

• @Dolomite_io rewards

• Goldilocks - 8M+ Porridge pool

• 3x Veda points

For details, see: https://x.com/ether_fi/status/1874183401860964582

4) Lombard Protocol's Bera Vault——

Entry: http://lombard.finance/berachain/

Lombard, as the most popular BTC deposit protocol, completes deposits through LBTC and wBTC, and limited-time deposits can earn rewards from six projects over the next 14 weeks!

How it works

• Users deposit LBTC or wBTC into the Bera Vault;

• Users receive a receipt token in their wallet.

• Points can accumulate until April 14, when they can be withdrawn.

• In the Berachain mainnet, funds will be immediately deployed into DeFi opportunities to earn real DeFi returns.

The launched deposit rewards include not only the $BERA token,

But also 4x Lombard points, 1x Babylon points, 4x Concrete points, 1x Kodiak points, 1x Dolomite points!

For details, see: https://x.com/Lombard_Finance/status/1871907360257781905

⚠️ Some Reminders:

1) Lock-up Period: Any pre-deposit activities related to Bera currently require funds to be locked for a period. So you need to ensure you understand the duration of the lock-up period and exit conditions for the projects you participate in, to avoid affecting normal fund usage and selling in a bull market; this is very important!

2) Risks: Any cryptocurrency investment or pre-deposit activity carries risks, including technical risks, market volatility risks, and execution risks of the project itself. Berachain is an emerging project, and it is essential to understand its risks before depositing;

3) Incentives and Rewards: Carefully read the incentive rules provided by each platform to ensure you understand how to earn rewards, the form of rewards (such as tokens, points), and whether there are any future usage or redemption restrictions on these rewards.

4) Official Website and Social Media: Always obtain the latest information from official channels, such as the official websites or X (Twitter) accounts of Berachain, Concrete, Lombard, and StakeStone, to avoid being misled or participating in unofficial activities. Generally, when such popular projects emerge, scammers follow suit!

2️⃣ What is Berachain——

1) Berachain is an EVM-compatible Layer 1 blockchain that uses a Proof of Liquidity consensus mechanism;

I believe the key to Berachain is that it enhances the liquidity and vitality of the entire system.

It is an EVM-compatible Layer 1 blockchain built on the Cosmos SDK, utilizing a unique Proof of Liquidity (PoL) consensus mechanism.

The Proof of Liquidity (PoL) consensus mechanism is the core innovation of Berachain. This mechanism enhances the security and liquidity of the network by rewarding liquidity providers. Unlike traditional Proof of Stake (PoS), users earn BGT by providing liquidity rather than staking the network's native tokens. This design aims to address the liquidity and security trade-offs faced by many PoS networks.

This mechanism is designed to incentivize network participants to provide various assets (such as BERA, ETH, BTC, etc.) to validators through liquidity provider (LP) pools, thereby improving the network's liquidity and capital efficiency.

It is worth mentioning that Berachain initially focused on building a community, successfully integrating NFT and Meme culture into its unique community culture and economic system through its distinctive Proof of Liquidity consensus mechanism and rich ecosystem.

2) Berachain's three-token system includes:

BERA: Network gas token.

HONEY: Ecosystem stablecoin.

BGT: Governance token, which is a non-transferable NFT that allows holders to receive a portion of network fees.

3) The advantages of Berachain include:

— Efficient capital utilization: Through the PoL consensus mechanism, staked assets are directly used for liquidity provision on-chain.

— EVM compatibility: Easy for developers and existing Ethereum DApps to migrate.

— Innovative economic model: Optimizes network incentives through the three-token system.

Berachain demonstrates strong innovation and market potential through its unique three-token system, rich NFT ecosystem, robust Meme culture, and modular design.

3️⃣ Financing Related——

The financing background is an important basis for my decision to participate in the project;

As a highly watched emerging public chain project, every step of Berachain's development resonates with the market.

Berachain raised $42 million in Series A funding, led by Polychain Capital, with other investors including Hack VC, etc. This round of financing valued Berachain at $420.69 million.

In April last year, it completed a $100 million Series B funding round, led by Brevan Howard Digital and Framework Ventures.

Currently, the financing background and amount are unprecedentedly significant, with the current TVL exceeding $700 million and the number of depositors surpassing 100,000, and it continues to grow;

Data Dashboard: https://dune.com/thj/boyco-markets

Summary——

Through the four platforms—StakeStone, Lombard, Ethena Labs, and etherfi, I have deeply participated in Berachain's Boyco pre-deposit activities, each platform offering unique incentives and participation methods.

Participating in these activities is mainly an opportunity to lock in liquidity early and an investment in Berachain's future potential.

In addition to depositing in Berachain, participation in ecosystem projects can also earn tokens, such as BEX (Berachain Exchange), Berps, Kodiak, Honeyswap, etc., to earn points;

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