Zurich, Switzerland, January 28th, 2025,
Chainwire
Enso, the leading provider of blockchain
shortcuts, is powering Boyco, a liquidity incentivization platform
on Berachain. To address the cold start problem faced by most
Layer-1 blockchains, Boyco enables decentralized applications
(dApps) and liquidity providers (LPs) to coordinate pre-launch
liquidity.
Fully integrated with Enso for all DeFi execution, Boyco
leverages Enso’s infrastructure to streamline liquidity
provisioning and ensure an efficient process for securing deep
liquidity across Berachain’s ecosystem. Pre-deposits via third
party vaults have already reached an impressive $2.1 billion in
total value locked (TVL).
Boyco: Setting a New Standard for Onboarding Liquidity
Boyco, built on the Royco Protocol, revolutionizes how liquidity
is secured for new blockchains. By providing a transparent and
efficient platform, Boyco empowers dApps to offer incentives for
liquidity provision directly to users, eliminating the need for
intermediaries or opaque negotiations. This ensures that liquidity
is productive from day one, aligning perfectly with the ecosystem’s
growth objectives.
Enso: The Engine behind Boyco’s DeFi Execution
To streamline the movement of assets across chains, Boyco
integrates LayerZero and Stargate, two leading cross-chain
interoperability solutions. This cross-chain accessibility ensures
Boyco participants can bridge diverse assets like USDC, USDT, DAI,
wETH, and wBTC quickly, securely, and transparently.
Additionally, Boyco utilizes Enso to automate the execution of
liquidity deposits, simplifying even the most complex, multi-step
actions into a single, executable transaction through Enso
Shortcuts. By providing the integration with the eleven
applications set to launch on Berachain, Enso plays a crucial role
in routing all liquidity efficiently and accurately to the
appropriate protocols, ensuring each dApp receives the deposited
funds to start operating from day one.
How Boyco Works
- Applications create Royco Markets, defining transaction
parameters and offering incentives.
- LPs review and negotiate onchain offers, directly offering to
lock funds for pre-determined periods.
- Assets are bridged to Berachain via LayerZero and
Stargate.
- Liquidity is deployed into smart contracts via Enso Shortcuts
immediately upon the application’s Mainnet launch.
“Enso powering Boyco’s DeFi interactions demonstrates our
commitment to enabling the next generation of blockchain
ecosystems,” said Connor Howe, Co-founder of Enso. “By taking care
of all the necessary integrations, we’ve saved Boyco hundreds
of engineering hours.”
Boyco sets a new standard in blockchain liquidity acquisition by
prioritizing transparency, collaboration, and efficiency. Through
Enso Shortcuts—predefined, multi-step blockchain operations
condensed into a single transaction—Boyco allows dApps to
effortlessly receive liquidity and operate efficiently from day
one.
About Enso
Enso’s blockchain shortcuts empowers builders to create
applications faster and easier, turning ideas into reality without
distractions. Trusted by over 60 projects, Enso has facilitated
over $13 billion in onchain settlements.
About Berachain
Berachain is an EVM-identical Layer 1 blockchain prioritizing
application value, sustainable liquidity, and ecosystem alignment
through its novel Proof-of-Liquidity (PoL) consensus
mechanism.
About Royco
Royco is a platform for Incentivized Action Markets. (IAM). IAMs
allow incentive providers to offer incentives (tokens, points) in
exchange for performing onchain actions. Users can also negotiate
for more incentives using the Mar
Contact
Leonie
marketing@enso.finance
marketing@enso.finance
