Hello friends @berachain Berachain has just updated the DApps selected by Boyco, but everyone may still not understand what it means to be a selected DApp🧐
Let me briefly explain💕
🔸The intuitive benefit is that it directly addresses the cold start problem.
Boyco ensures that DApps have sufficient capital support when they go live on the mainnet by providing initial liquidity. This liquidity not only helps DApps operate smoothly but also attracts users and other investors to join the ecosystem.
🔸The specific benefits are as follows:
1⃣Immediate access to ample liquidity: DApps can directly obtain assets locked by users, and this liquidity can be used to support core functions such as trading, lending, or staking.
▪️This avoids the common problem of low initial user participation for new projects.
2⃣Increased user participation and trust: Users can provide support for the project in advance while receiving clear returns and a sense of involvement, enhancing their attachment to the project.
▪️With liquidity support, DApps can also quickly form an active community ecosystem.
3⃣Reduced initial operating costs: There is no need to spend extra resources to attract liquidity; Boyco's mechanism directly connects liquidity providers with DApps.
▪️This avoids the high costs of multiple incentive activities (such as bridging rewards, liquidity mining, etc.)
4⃣Seizing market opportunities: Compete with mature projects on the first day of launch, as initial liquidity and user support are in place.
▪️This accelerates the turnover of funds within the ecosystem and enhances market competitiveness.
🐻In summary: The biggest intuitive benefit of Boyco is that it allows DApps to go live on the mainnet without worrying about liquidity, skipping the cumbersome cold start process and directly entering a virtuous cycle of development🚀
👉Updated document: https://blog.berachain.com/blog/boyco-update-announcing-selected-dapps-and-asset-issuers
