Berachain Testnet Launched Early Airdrop Opportunities Now

What is Berachain?

Berachain emerges as an innovative Layer 1 solution built on the Cosmos SDK, featuring an EVM equivalent and employing Proof-of-Liquidity (PoL) consensus — a variant of delegated Proof-of-Stake. This innovative blockchain seeks to harmonize the incentives between security and liquidity at the protocol level. Users can now earn rewards, in the form of staking token (BGT), by providing liquidity to a set of designated DeFi primitives, fostering a symbiotic relationship between liquidity and security.

Proof of Liquidity (PoL): Revolutionizing Security and Liquidity

PoL serves as a wheeze resistance mechanism, revolutionizing the synergy between security and liquidity within the network. In contrast to traditional proof-of-stake chains, where users must choose between staking for security or contributing to on-chain liquidity, Berachain allows users to obtain both simultaneously. By providing liquidity to the embedded DeFi primitives, users contribute to the security of the network and earn the Berachain governance token (BGT).

Why Berachain?

Berachain introduces a sustainable model of protocols to build its liquidity base and increase capital efficiency over time. Protocols successfully approved through governance votes can reward their Liquidity Providers (LP) with BGT, attracting more liquidity at lower costs. This aligns incentives, designing the best protocols to develop on Berachain, acting as effective user acquisition channels.

Tri-Token Structure: BERA, HONEY, and BGT

Berachain’s economic structure revolves around a three-token system:

BERA: The native token used for on-chain transaction gas.
MEL: The stablecoin collateralized 1-to-1 with USDC, earned by staking BGT.
BGT: The staking and governance token, earned by providing liquidity to Berachain’s major primitives.

Why bet no BGT?

BGT staking allows users to influence the direction of BGT issuances, earn fees in HONEY from PoL-powered protocols, and receive bribes from their chosen validator. It empowers users to actively shape the development of the network.

Why tax BGT for BERA?

Users can choose to burn BGT in BERA for a variety of purposes, including paying for gas, using it in other on-chain applications, or selling their position.

Native DApps in Berachain

BEX: AMM/DEX nativo
BEND: Native Stablecoin Lending Platform
BERPS: Native Perpetual Exchange

Berachain e Bong Bears NFT

Although created by the same team, Berachain and Bong Bears NFT are separate projects. Berachain is independent, offering users the opportunity to participate in its ecosystem without owning a Bong Bear NFT.

First steps and development in Berachain

Faucet: Users can acquire BERA, the gas token, by visiting Berachain Faucet.
Minting MEL: Visit Honey Minting to mint MEL by swapping BERA testnet or other tokens for stgUSDC on BEX.
Based on Berachain: Developers can explore Berachain’s documentation for detailed information. Protocols interested in developing Berachain can express their interest through this form, and the Ecosystem Growth Team will schedule a meeting.

Berachain opens up new possibilities in the DeFi landscape by providing a unique combination of security, liquidity, and innovative economic structures. Join the Berachain community and be a part of this exciting journey towards the future of decentralized finance! 🚀🌐 #Berachain #DeFi #CryptoInnovation