Explaining Boyco To Beras
An overview of Royco and how Boyco builds on it as a key initiative within the Berachain ecosystem
This guide explains two important ideas: first, what Royco is and how it works, and second, how Boyco builds on it as a key initiative within the Berachain ecosystem. More importantly, you'll see how this combination kickstarts the flywheel of liquidity on Berachain, benefitting both users and applications.
Let’s dive in!
The Idea of Royco
Everything in the world is transactional: you give something to get something. This principal idea is as old as trade itself. Royco takes this universal concept and brings it onchain.
Royco turns any onchain action (whether it’s a single transaction or a series of them) into Incentivized Action Markets (IAMs). In these markets, protocols can offer incentives to users for completing specific actions. These actions can be anything from providing liquidity to voting or staking a particular asset.
Think of it as a way for protocols to declare their “intent.” They need something done, so they make an offer: “Here’s what we need, and here’s what we’re willing to give.” Users who are interested can step in, complete the action, and earn the reward.
As a result, instead of passively hoping users interact with a protocol, projects can actively attract participation by offering clear and transparent incentives. This makes IAMs a powerful tool for bootstrapping user activity and liquidity.
For example, imagine Aave is launching its stablecoin GHO and wants users to hold it for a month to build stability and trust. Using Royco, Aave can create an IAM with the following setup:
Incentive Provider (IP
) — Aave (the protocol offering the reward).
Action Provider (AP)
— Users (who complete the task).
Action
— Hold GHO for one month.
Reward
— Users earn yield and/or other incentives for completing this action.
What is Royco Protocol? Source:
Royco DocsBoyco – Royco with a B for Berachain
is a simple idea: help projects on Berachain solve liquidity problems before they launch. It leverages the Royco protocol, allowing applications to set up liquidity markets where they can negotiate with liquidity providers (LPs).
Here’s how it works:
> Applications create markets on Berachain before the official launch of the chain.
> These markets specify the incentives available for users to deposit funds, along with key details like APY, assets to be deposited, and lock duration.
> Users deposit funds in exchange for rewards.
This solves a few key problems, that will tell you all you need to know about Berachain’s core priorities:
- The cold start problem for liquidity at launch – Apps on Berachain will have capital ready from day one without having to rely on market makers, whales, or other middlemen. They also avoid the need to go down the points route.
- Everything is transparent and efficient – Users can see exactly where their funds are going, how long they'll be locked, and what rewards they'll get. Moreover, users have the option to rage quit, reallocate to different markets (T&C applied).
- Collaborate, not compete – All applications have a fair shot at attracting liquidity. If you offer the best incentives, you’ll attract liquidity. This creates a level playing field. Moreover, Instead of competing for a share of limited capital, apps on Berachain can collaborate to stack rewards across multiple platforms.
Moreover, onboarding into Berachain apps and depositing funds into markets is effortless and flexible. Users aren’t limited to a single chain or asset — they can deposit funds from any chain and with any asset. This is where
Jumpercomes in, providing the necessary tools to enable users to deposit into Boyco pools without any hassle.
We’re calling this the "Jump into Boyco" initiative. It takes the original Boyco experience and extends it to work with any supported chain, all powered by Jumper.
As a user, you deposit your funds into the Boyco contracts on Ethereum via Jumper. Once Berachain mainnet goes live, your funds will automatically be deposited into the appropriate pool on Berachain.
This makes it effortless for users to deposit liquidity into protocols on Boyco using any asset, while Jumper handles all the necessary swaps and bridging behind the scenes.
Jumper also features a streamlined explorer page that makes finding these markets much easier. All the apps and key details are consolidated on a single page, and users can deposit with just a few clicks —
Jump into Boyco, with Jumper!
Ready to dive into Boyco? Learn more and start earning rewards today by exploring the available markets on Jumper.
