Berachain Secures $1.6 Billion in Pre-Launch Liquidity on Ethereum
Berachain L1 is approaching its mainnet launch with $1.6 billion in liquidity deposited into Boyco, its pre-launch liquidity platform on Ethereum. This positions Berachain as the 10th largest blockchain by total value locked (TVL).
Key points include:
- Four Pendle pools related to Berachain have gathered a total of $515 million in TVL.
- This amount exceeds the entire TVL of competitor Spectra, which stands at $225 million.
- The largest Pendle market, liquidBeraBTC, has a TVL of $271 million and engages with eight different protocols, four of which are not yet operational.
- Withdrawals will be locked for 90 days upon mainnet launch, despite ongoing speculation from airdrop farmers.
- Projected annual percentage yield (APY) for liquidBeraBTC is estimated at 1,575% over three months.
Investors should consider the assumptions surrounding projected fully diluted valuation (FDV), total value locked (TVL), and airdrop allocations before making decisions.