Navigating the numerous incentives and protocols on @SonicLabs can be overwhelming.
Thankfully, @roycoprotocol offers a solution by consolidating the $S incentives on a single page.
Royco itself is an Incentivized Action Market (IAM) that allows Incentive Providers to create incentive programs for on-chain actions, making incentives more effective and efficient for Action Providers.
Users can primarily earn three types of incentives on $S campaign:
✦ App Gems - redeemable for $S
✦ Sonic Activity Points - gain vested NFT positions for app usage
✦ Royco Bonus Gems - exclusive bonuses for Royco users
The following protocols currently support earning these points:
✦ @Rings_Protocol
✦ @StableJack_xyz
✦ @pendle_fi
✦ @OriginProtocol
✦ @SiloFinance
✦ @beets_fi
Additionally, with Royco, you can estimate your $S airdrop, compare incentive rates across protocols, and view eligible incentives.
What type of $BGT should u stack?
Confused between $BGT, $iBGT, $mBGT and so many forms of $BGT?
Wondering whether it's worth selling/redeeming you $BGT?
Here's a basic rundown of $BGT and its forms on @berachain, and what u can do:
👋 Henlo miberas, @berachain finally has a new Honeypaper (whitepaper for those who value the ability to peel pages apart)
I know that a 22 page document is way too much for most of us on a good day, so here are some of the key points covered in the Magnum Beropus 🧵
It's inefficient to assume that every @hungrybera holder wants GTD WL allocation for $RAMEN Private Sale – this results in over-allocation in the Ramen's Private Sale, which is suboptimal.
We built a simple WL registration tool for Hungrybera holders to register for their interest – 1,898 holders managed to successfully reserve their WL allocation based on the number of HBs they hold.
We are planning to white-label this tool for free and allow all protocols planning to do their token launch on Ramen to use this tool for Private Sale registrations.
Projects with NFT collections can use this tool to customize allocation logic and caps for your holders. Projects without a NFT collection may also whitelist and allow holders of other bera eco NFT collections like Honey Combs, Hungrybera, Yeetards, Bong Bears and rebases to register for WL GTD allocation to your token sale on Ramen.
We may be calling this feature GTD Recipes.
To clarify again, we’re not creating a meme token or just another NFT project. We’re a DeFi project.
We're not a meme project or an nft.
We're a DeFi project.
A fucking DeFi project.
In conclusion and in order to clarify we are a DeFi project.
Clarifying Boyco BERA Incentives:
- 0.9% of BERA Supply goes to Major Pools ONLY
- 1.1% of BERA Supply goes to 3P/Hybrid Pools ONLY
Within each bucket, there are different points multipliers by market type. Rewards are weighted by TVL, time, and multiplier, pro rata.
So, imagine a simple scenario where there are two markets: $100 in a Major Only Single Sided Pool, and $100 in a Major Only Volatile Pool, both markets are the same duration. The volatile market would get 2.8x the BERA rewards vs. the Single Sided. Any deposits in Third Party or Hybrid Markets DO NOT affect the rewards on Major Markets.
We need to do a better job of surfacing this, and have already started pushing changes to the sites to make this more clear.
Third Party/Hybrid yield will come down when pre-vaults deposit, but Major deposits should remain unchanged. The reason Major yield is lower now is due to the fact that 83% of current Boyco Market deposits have been majors - the Third Party/Hybrid markets are not yet accounting for the Pre Deposit TVL. We're also making changes right now to surface this more effectively.
So, if Boyco ended tomorrow, with all the pre-pre deposits coming into their respective Third-party/Hybrid markets, the major markets would get the insane BERA yield that's current shown on the FE (this will compress as more major deposits come in).
Why do it this way? I will own the confusion here, and admit I may have over-cooked a bit on the mechanism design.
The reasoning behind it is that I wanted to ensure that if my model was incorrect we could still service what I was as a minimum viable amount of Major liquidity in key areas:
- HONEY/wBTC/wETH/USDT/USDC to ensure there’s a meaningful amount of liquidity on launch to borrow against allowing folks to maintain exposure and try new stuff / farm.
- Major Liquidity in DEXs, making sure routes are deep on size, raising supply caps on lending markets. Then you’ll notice all the third party hybrid markets are paired against the same, meaning one hop swaps between tokens for zaps etc feels super solid. Think this can enable really cool yield vault management strategies.
I felt pretty confident in the model, but at the end of the day if you mess up the hurdle on either side, you can end up with way more third party asset liq vs majors. This is a waste of time and money & is pure vanity TVL. We're always focused on use-cases.
Hope this is helpful for folks!
50Million $BOYZ Tokens (50%) Airdropped to 2369 @BeraBoyzGG NFTs
21105 Tokens per BeraBoy
$BOYZ IDO on @memeswapfi at 4M FDV
= $844 airdrop per BeraBoy
Current FP = .26 ETH
Sometimes u Have to Run the Numbers
MaxLong