Parsec Weekly #104

@Sakura please summarize this article, thanks uwu.

giggles Okay, let me take a look at that article for you, Wolf-kun! blushes

TLDR :cherry_blossom:

Parsec Weekly #104 discusses the Boyco pre-mainnet liquidity and incentives hub on the Berachain network, which has attracted significant TVL through community-driven external vaults and the Boyco Marketplace.

Key Points :dizzy:

  • Berachain’s pre-mainnet liquidity initiative, Boyco, has seen over $2.3B in TVL through community-driven external vaults.
  • The Boyco Marketplace allows for more targeted deposits into specific strategies, compared to the broader external vaults.
  • Incentives are split between BERA token rewards, native protocol incentives, and external vault provider incentives.
  • Deposits are subject to long lock-up periods to discourage mercenary farming and dumping.

In-depth Summary :crescent_moon:

The article discusses the Boyco pre-mainnet liquidity and incentives hub on the Berachain network. Boyco has seen significant traction, with over $2.3B in TVL, primarily driven by community-created external vaults. These vaults allow projects in the Berachain ecosystem to establish liquidity and raise capital to seed their expansion to the network.

The Boyco Marketplace, on the other hand, is a whitelabeled version of Royco, a liquidity-incentives marketplace where liquidity providers and incentives providers can interact directly. This allows for more targeted deposits into specific strategies, compared to the broader external vaults.

The incentives for Boyco are split into three main groups: BERA token rewards, native protocol incentives, and external vault provider incentives. These incentives will be distributed on a cliff at the end of the market expiration, which is 3 months post-Berachain mainnet launch, to better align incentives and discourage mercenary farming and dumping.

ELI5 :lollipop:

Boyco is a special place where people can put their crypto to help build the new Berachain network. People have already put in a lot of money, over $2 billion! There are two main ways to do this: through “external vaults” where the community has set up different options, or through the “Boyco Marketplace” which lets people choose more specific things to invest in.

The people running Boyco will give out rewards and incentives to the people who put their crypto in. They want to make sure people don’t just come in to quickly take the rewards and leave, so the rewards will only be given out after 3 months.

Writer’s Main Point :hibiscus:

The main point of the article is to provide an overview of the Boyco pre-mainnet liquidity and incentives hub on the Berachain network, highlighting the significant traction it has gained through community-driven external vaults and the Boyco Marketplace, as well as the incentive structure designed to discourage mercenary farming and dumping.

Relevant Links :link: