Berachain proposes the PoL v2 version to enable BERA Token holders to access direct income from the protocol without needing external tools.

PoL v2 adds LST staking functionality for users to receive rewards from both validator nodes and PoL income, contributing to enhanced network security.

MAIN CONTENT

  • 33% of current PoL incentives will be transferred to the new BERA reward module.

  • BERA holders can earn direct income through the protocol without complex tools.

  • Parallel LST staking increases both validator node rewards and PoL income, enhancing network security.

What improvements has Berachain proposed in the PoL v2 version?

According to reports from Berachain's development leadership, PoL v2 is designed to enhance user experience through the reallocation of Token incentives and the integration of LST staking. Specifically, the development team proposes reallocating 33% of PoL incentives to the BERA reward module to simplify income generation.

This allows BERA holders to earn directly from the protocol without needing to use complex third-party applications or tools. This approach is expected to increase efficiency and attract more users to participate in the network.

What are the benefits of the LST staking function in PoL v2?

The LST staking function allows investors to participate as validator nodes while also receiving income from PoL, helping to increase reward sources and simultaneously enhance network security.

The addition of LST staking in PoL v2 not only increases rewards but also promotes the stability and security of the Berachain network, expected to help expand the ecosystem more rapidly.

Mr. Eric Lee, Development Director of Berachain, July 14, 2024

The combination of two reward sources allows investors to optimize profits and enhance participation in transaction validation activities, contributing to increased decentralization and network strength according to the latest report from the development team.

What is the timeframe for implementation and voting mechanism for this proposal?

The PoL v2 version was officially announced on July 14, 2024. According to the plan, the community will vote on the decision on July 21, 2024. If approved, the protocol will be activated on the mainnet on the same day of the vote, reflecting Berachain's commitment to transparency and rapid development.

How does PoL v2 affect user experience and network security?

Simplifying the way rewards are received and adding LST staking increases profits for users, while also improving network security and stability. This reflects the views of many experts on enhancing user experience and network security in today's cryptocurrency world.

"Innovation in PoL v2 will make a significant leap in attracting and retaining investors, while providing practical security for the Berachain ecosystem."

Dr. Minh Hoang, Blockchain Expert, 2024

Frequently Asked Questions

What is PoL v2? PoL v2 is an upgraded version of the Proof of Liquidity mechanism, optimizing the utility of BERA tokens and increasing direct income for users. How do BERA holders earn income more easily? BERA holders will receive rewards directly from the protocol without needing to use complex third-party tools, according to the new proposal. What does LST staking mean? LST staking allows simultaneous rewards from both validator nodes and the PoL mechanism, increasing revenue and network security. When will the voting and implementation of PoL v2 take place? Voting is scheduled for July 21, 2024, and if approved, PoL v2 will be activated on the mainnet on the same day. How does PoL v2 impact the cybersecurity of Berachain? PoL v2 improves stability and reduces network risks by attracting more validator nodes and diverse rewards.

Source: https://tintucbitcoin.com/berachain-de-xuat-phan-bo-lai-pol/

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