Berachain officially closes its Boyco phase
Berachain has officially closed its Boyco phase, a pre-launch program that attracted attention for raising over $2.5 billion in liquidity. This is not a small amount, and what’s even more surprising is that all of it was locked before the mainnet actually went live.
Users deposited assets like ETH, wBTC, and stablecoins into vaults linked to several partners—including StakeStone, Concrete, Lombard, and others—during Boyco. Imagine someone putting money into a bank when the structure is still being painted. But indeed, many individuals participated and believed in it.
Boyco is closing. Berachain is opening.
As prelaunch vaults wind down, new doors open to high-yield strategies across the ecosystem.
Here’s what comes next.
Berachain Foundation ⛓ (@berachain) May 5, 2025
Berachain Faces Market Shake-Up After Boyco Closure
However, after Boyco officially ended, selling pressure began to emerge. On May 5, 2025, the price of the BERA token plunged to an all-time low of $2.82. This drop occurred the day before the $2.7 billion in previously locked liquidity was finally unlocked. Many rushed to withdraw their assets, and the result: the market was shaky.
Interestingly, two days later, on May 7, users who had placed assets using Boyco’s Concrete Vault were really permitted to withdraw their funds—even though the exit option had not yet been officially opened.
Users could trade tokens including ctUSDe, ctsUSDe, or ctLBTC via the boyco.berachain.com/rollover site, which offered this access. Especially for people that require rapid liquidity without waiting for the formal exit to be opened wide, this stage is really vital.
Proof-of-Liquidity Opens New Opportunities
On the other hand, they immediately turned towards a Proof-of-Liquidity (PoL)-based system. This new style is not just about depositing funds and waiting. Users are invited to be more active: they can claim rewards, swap, and move assets to high-yield strategies with just a few clicks.
Even vaults like SX.Bet are an example of how real user activity can directly generate incentives. It’s not about who has large funds, but who actually uses them.
Furthermore, in late April, CNF reported that Governance Guardians on Berachain approved the largest batch of Reward Vault Requests to date. The goal was clear: expand yield options and deepen liquidity. Then on May 5, news broke that the 6th batch of Reward-Funded Reward Vaults (RFRV) was also approved.
This provides users with several possibilities—all of which are available whether they are staking, borrowing, or participating in a liquidity pool. The point is, it’s not only about putting and hoping. Where there is a direction, there is action.
Even more thrilling is SwissBorg’s integration of Berachain to grow its Meta Exchange feature. What does that imply? Users can now more easily do cross-chain swaps whether they are retail or institutional investors. Liquidity is deeper and connectivity is more seamless.
Meanwhile, as of the writing time, BERA is trading at about $3.30, skyrocketing 15.47% over the last 24 hours and driving its market cap to surpass the $390 million mark.