# Boyco Incentives

## 1. Stablecoin Liquidity Strategy

**Overview:** This strategy ensures seamless swaps and robust liquidity for NECT by leveraging a 1:1 minting mechanism with stable assets such as USDC. 

### Methodology

* **NECT/HONEY Island Strategy (utilising USDC):**
  * Deposit USDC
  * Use 50% of this USDC to mint an equivalent amount of HONEY (can be done on the native Berachain money market, BEND)
  * (Using the other 50% USDC) Mint an equivalent amount of NECT via the beraborrow 1:1 NECT:USDC PSM module
  * Provide liquidity to the NECT-HONEY pool on Kodiak.
  * Stake the HONEY/NECT LP token (Kodiak-9)
  * **TOTAL INCENTIVES:  140 MILLION POLLEN POINTS + KDK POINTS**
* **USDE/NECT Island:**
  * Deposit USDE
  * Use 50% of this USDC to mint an equivalent amount of NECT
  * Provide liquidity to the NECT-USDE pool on Kodiak.
  * **TOTAL INCENTIVES: 140 MILLION POLLEN POINTS + 20X SATS + KDK POINTS** 
* **Burrbear 3 pool:**
  * Deposit HONEY and STGUSDC 
  * Swap a given amount of either token to NECT (amount is down to individual preference, but we recommend 50% NECT)
  * Provide liquidity to the HONEY:STGUSDC:NECT stablecoin pool
  * **TOTAL INCENTIVES: 140 MILLION POLLEN POINTS + BURR POINTS**

## 2. Depositing into Dens

**Overview:** LPs can mint NECT through overcollateralized deposits, with collateral ratios set at 300% or higher being eligible for POLLEN based emissions through BOYCO. 

### Methodology:

* Deposit eligible volatile assets into Beraborrow. These eligible assets are:
  * SolvBTC
  * SolvBTC.BBN
  * uniBTC
  * STONEBTC
  * eBTC
  * PumpBTC
  * BeraETH
  * StoneETH
  * Cian ETH
  * eETH
  * lBTC
* Maintain a collateralization ratio of **300% or higher**.
* Mint NECT directly via Beraborrow.
* Deposit minted NECT into the stability pool to earn additional rewards.

**Incentives:**

* A total of 840,000 POLLEN POINTS are committed to incentivising deposits at this collateral ratio
* Partner protocols will commit to co-incentivising each of their respective assets with their native token

## 3. Kodiak Islands as Collateral

**Overview:** Kodiak Islands enable LPs to leverage liquidity pool (LP) tokens as collateral within Beraborrow, unlocking additional yield opportunities while maintaining exposure to underlying assets.

## Methodology:

* Create LP positions on Ethereum (e.g., wBTC:sBTC pairs).
* Upon Berachain’s launch, withdraw LP tokens and bridge the assets to Kodiak.
* Deposit bridged LP tokens into Kodiak Islands.
* Use Kodiak LP tokens as collateral in Beraborrow to mint NECT.
* Deposit minted NECT into the stability pool.

**Incentives:**

* Earn iBGT through auto-compounding on Infrared. The beraborrow protocol will automatically stake LP collateral pairs on Infrared to earn proof of liquidity rewards (iBGT)