- Enso partners with Boyco to streamline liquidity coordination on Berachain, addressing the "cold start" problem faced by new Layer-1 blockchains.
- Boyco integrates cross-chain solutions LayerZero and Stargate, allowing seamless asset bridging and pre-launch liquidity provisioning for dApps.
- Enso’s automation via Shortcuts simplifies liquidity deposits, ensuring efficient fund distribution upon Berachain’s mainnet launch.
Blockchain infrastructure provider, Enso is facilitating liquidity coordination for Boyco, a platform designed to address liquidity challenges on Berachain. Boyco aims to mitigate the "cold start" problem often faced by new Layer-1 blockchains by enabling decentralized applications (dApps) and liquidity providers (LPs) to arrange liquidity in advance of a network launch.
Boyco operates through the Royco Protocol, allowing dApps to set incentives for liquidity provisioning without relying on intermediaries. This approach seeks to make liquidity available from the outset, potentially improving network stability and usability. The platform's pre-deposit mechanism, conducted through third-party vaults, has already accumulated a total value locked (TVL) of $2.1 billion.
To enhance asset movement across blockchain networks, Boyco integrates cross-chain interoperability solutions LayerZero and Stargate. These integrations enable users to bridge assets such as USDC, USDT, DAI, wETH, and wBTC across chains securely.
Enso plays a key role in Boyco’s operations by automating liquidity deposit execution. The platform utilizes Enso Shortcuts, a tool that condenses multi-step blockchain operations into a single transaction. This functionality aims to streamline liquidity provisioning and ensure that deposited funds reach their intended protocols upon a network’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’s liquidity onboarding process involves several steps. Applications create Royco Markets, where they define transaction parameters and liquidity incentives. LPs then review and negotiate offers on-chain before bridging assets to Berachain via LayerZero and Stargate. Once the mainnet is live, liquidity is deployed into smart contracts using Enso’s infrastructure.
Edited by Harshajit Sarmah