In this post:
- Enso Network has partnered with Berachain to provide blockchain shortcuts to power $2 billion in pre-deposits in Boyco.
- Boyco, built on the Royco Protocol, incentivizes liquidity providers to contribute liquidity before projects launch in exchange for tokens or other incentives.
- Enso Shortcuts enable liquidity provision in a single step, making the process more straightforward compared to several complex, multi-step actions.
The blockchain shortcut network Enso Network recently partnered with the incentivized liquidity provision branch of Berachain, Boyco, to power over $2 billion of the total value locked (TVL) in the liquidity incentivization platform.
Enso will help make liquidity provision across the Berachain ecosystem more straightforward by creating a more direct pathway for liquidity providers. The blockchain shortcut will also contribute to a more efficient way to provide liquidity for projects across Berachain.
Berachain created Boyco’s pre-launch liquidity vaults to address the issue of cold starts affecting new projects. The liquidity platform helps decentralized applications secure liquidity before the official launch of the Berachain mainnet. Boyco organizes the dApps and liquidity providers to ensure projects have proper liquidity before the launch while earning rewards through tokens, points, and more.
Boyco and Enso create more opportunities for growth
Royco, the power behind Boyco, is the protocol that enables liquidity providers to create liquidity markets on Berachain. The protocol creates a platform that enables projects to negotiate with liquidity providers for a set amount of rewards. The negotiations would also require depositors to lock their assets for a given period to earn incentives.
According to Royco documentation, the protocol ensures that liquidity providers do not need double incentivization, ensuring the liquidity directly connects to the end destination, which is DeFi applications smart contracts. The recent partnership announcement assured that Enso’s shortcuts would further streamline the process while eliminating intermediaries and vague negotiations. The shortcuts would also improve project transparency, which is lacking in many new dApp projects.
The announcement further pointed out that the liquidity available through Boyco pre-launch vaults will be active from the first day of Berachain’s mainnet launch, aligning with the blockchain’s vision of growth. Boyco notably allows project developers to focus on improving their dApps instead of focusing extra time on providing liquidity. Enso, on the other hand, will help the dApps have a single pathway to efficiently receive liquidity from day one.
According to Enso’s co-founder, Connor Howe, Enso’s contribution to the Boyco activity would prevent developers from spending more engineering hours. Howe further commented that Enso powering Boyco showed the blockchain shortcuts protocol’s commitment to building the next generation of blockchains.
Boyco integrates LayerZero and Stargate
Boyco has partnered with LayerZero and Stargate, two leading cross-chain interoperability solutions, to ensure more streamlined asset movement across multiple chains. The announcement highlighted that the two cross-chain bridging ecosystems would allow liquidity providers to bridge assets offered in the pre-launch vaults, including stablecoins and wrapped tokens.
The bridging platforms will also increase the security, transparency, and speed of transferring tokens from one chain to another. Boyco currently offers wBTC, wETH, USDC, USDT, HONEY, PYUSD, and DAI.
