Enso, a leading provider of blockchain solutions, is backing Boyco, a platform on Berachain that addresses the liquidity issue for emerging blockchains. Boyco enables decentralized applications (dApps) and liquidity providers (LPs) to secure liquidity before launch, simplifying the process for Berachain to become operational.
Boyco, utilizing the Royco Protocol, revolutionizes the way liquidity is obtained for new blockchain networks. It empowers dApps to offer incentives directly to users for providing liquidity, eliminating intermediaries and ensuring the availability of liquidity from the outset. This approach ensures that the liquidity is utilized effectively, contributing to the growth of Berachain.
Already, Boyco has secured more than $2.1 billion in liquidity, demonstrating the platform’s success in attracting substantial funds prior to launch.
Enso: Empowering Boyco’s DeFi Initiatives
Enso furnishes the technology underpinning Boyco’s DeFi operations. Through Enso’s blockchain solutions, Boyco can automate intricate processes, facilitating user liquidity deposits. This streamlined procedure guarantees swift and hassle-free addition of liquidity.
Boyco also collaborates with LayerZero and Stargate, two platforms enabling asset transfer across different blockchains. This capability allows users to seamlessly and securely transfer assets like USDC, USDT, DAI, wETH, and wBTC to Berachain, augmenting liquidity on the platform.
How Boyco Operates
Create Royco Markets: dApps establish markets, set terms, and offer rewards for liquidity.
LPs Join: Liquidity providers assess offers and lock funds for a specified period.
Bridge Assets: Liquidity is transferred to Berachain using LayerZero and Stargate.
Deploy Liquidity: Once the mainnet is live, liquidity becomes instantly accessible via Enso Solutions.
Enso ensures targeted allocation of liquidity by interfacing with the eleven dApps launching on Berachain. This ensures each dApp receives the necessary liquidity from day one.
“Enso plays a pivotal role in Boyco’s DeFi operations, showcasing our commitment to advancing blockchain ecosystems. By automating critical tasks, we have saved Boyco countless hours of development time.” – Connor Howe, Co-founder of Enso
Boyco’s Approach to Blockchain Liquidity
Boyco is setting a new benchmark for blockchain liquidity through transparency, efficiency, and collaboration. Leveraging Enso Solutions, Boyco expedites dApps’ access to liquidity, fostering rapid growth within the Berachain ecosystem.
About Enso
Enso accelerates application development by simplifying blockchain operations. Trusted by over 60 projects, Enso has facilitated over $13 billion in on-chain transactions, emerging as a preferred tool for blockchain development.
About Berachain
Berachain is an EVM-compatible blockchain prioritizing application value, sustainable liquidity, and ecosystem alignment through a unique Proof-of-Liquidity (PoL) consensus mechanism.
About Royco
Royco is a platform where users earn rewards by engaging in on-chain activities. These activities may involve earning tokens or points in exchange for locking liquidity. Users can also negotiate for enhanced rewards, fostering liquidity within the network.
