Berachain is flooded with pre-launch liquidities of $1.6B

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A staggering $1.6 billion in liquidity has already been transferred into the Berachain L1 mainnet as it prepares for its launch. “Boyco,” Pre-launch platform for Berachain on Ethereum. Berachain’s pre-launch liquidity platform on Ethereum.

In just one week, the TVL of four Berachain Pendle Pools (by Ethena or Etherfi) has already reached $515 million. The TVL for its biggest competitor, Spectra has risen to over $225 million in the past few months.

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Berachain Pendle is the largest market for Berachain Pendles “liquidBeraBTC” TVL (of $271 million), is accruing points in eight protocols. Four of these aren’t yet live. The mainnet will also lock withdrawals for 90 days, but this hasn’t stopped airdroppers. Pendle is reminiscent of an ICO, which projects use to boot-strap their tokens.

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According to @PendleIntern, the YT of liquidBeraBTC will return 1,575% over a three-month period. However, be aware that there are many assumptions made about projected allocations for FDV, television and airdrops.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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