Boyco Incentives

Beraborrow is proud to be accepted as part of the Berachain BOYCO incentive program. There will be three different types of markets that will be eligible for POLLEN points + partner co-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)

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