cryptonews.net
As Berachain L1 prepares for its mainnet launch, $1.6 B in liquidity has been placed on “Boyco,” Berachain’s liquidity platform ahead of its launch on Ethereum. This flood of liquidity from airdrop farmers would technically make Berachain the 10th largest blockchain by TVL today.
Over the past week, Berachain’s four Pendle pools (from Ethena and Etherfi) have already amassed a combined TVL of $515M. This dwarfs the entire TVL of their main competitor Spectra, which has grown to $225M since December. Berachain’s largest Pendle market “liquidBeraBTC” ($271M TVL) has accumulated points across eight different protocols, four of which have yet to launch.
Withdrawals are locked for 90 days at mainnet launch, but that’s not stopping farmers. This frantic pre-speculation makes Pendle look like an ICO platform used by projects to bootstrap their tokens. @PendleIntern predicts YT returns of 1,575% APY for liquidBeraBTC in three months.
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