Boyco Incentives

Beraborrow is proud to be accepted as part of the Berachain BOYCO incentive program. 5% of the POLLEN supply is spread accross 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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