SatLayer TVL Soars Following Berachain Boyco Integration

SatLayer, the shared security platform that leverages Babylon’s Bitcoin staking protocol, is on the move. The total value locked (TVL) into its infrastructure, which stood at just over 300 BTC until recently, has soared following the addition of 2,880 BTC courtesy of Berachain Boyco.

Boyco, the pre-launch platform for Layer 1 Berachain, is where liquidity is being coordinated to ensure that DEXs and other trading apps have a deep well to draw upon when the network goes live. It’s got the support of a host of partner projects that are building on Berachain as well as omnichain protocols working to supply liquidity from numerous networks.

SatLayer teamed up with Berachain to provide the most precious liquidity of all – BTC – through six Boyco vaults. These enable Berachain users to earn multiple rewards, ranging from LST tokens to Boyco incentives. The six new vaults SatLayer has added come with the support of PumpBTC, Solv Protocol, Bedrock, StakeStone, Lombard, and Acorn Network.

SatLayer Boosts Boyco

Thanks to the Berachain Boyco integration, SatLayer’s TVL now stands at around $310M and growing. It’s an impressive rise, but who exactly is supplying all of this BTC that’s caused TVL to grow by 10x? Whales deserve the bulk of the credit for the sharp spike, having been hovering around the Berachain ecosystem for some time. The L1’s Proof of Liquidity design is ideally suited to HNW individuals, who can put their assets to work and earn a return through receiving a share of all trading fees generated.

The Boyco pre-launch platform has similarly attracted an overwhelming number of whales, who have been waiting patiently for this moment. The juicy incentives on offer through Boyco accounts in no small part for the phenomenal demand the platform has seen since going live – and the knock-on effect this has had on SatLayer’s TVL. 2% of $BERA’s token supply is allocated to Boyco pre-depositors, a generous quota that attracted whales in their droves as well as smaller fishes.

Beyond Bitcoin

SatLayer’s shared security platform may use Bitcoin as its primary form of collateral, but it has grander aspirations than merely securing Bitcoin L2s. Deployed as a set of smart contracts on Babylon, SatLayer makes it possible for BTC restakers to safeguard a wide variety of protocols and dApps in a process it’s labeled Bitcoin Validated Services (BVS).

BTC restakers entrust their assets to operators, who must maintain reliable infrastructure and honest participation to avoid being “slashed” – jargon that ETH restakers will be already familiar with. In fact to all intents and purposes, it’s best to envisage SatLayer as the EigenLayer of Bitcoin. Slashing, incidentally, occurs if operators violate rules defined by each BVS’s onchain contract, a mechanism that ensures financial accountability and deters malicious behavior. Meanwhile, BVS developers handle everything from designing slash conditions to rewarding stakers and operators through native tokens or other assets.

As the impressive demand for SatLayer through Boyco has shown, users are only too willing to restake their BTC when there are suitable incentives in place – in this case the prospect of 4x Sats² rewards plus stacked LST rewards for liquidity deposits through Boyco. That’s a whole lotta yield. If these incentives can remain strong, SatLayer’s TVL is only going to climb further, providing a solid economic guarantee for developers willing to leverage BVS to secure their own projects. 

With Sui integration on the horizon and Berachain in the bag, it’s a case of so far, so good for SatLayer.