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What is BERA?
In recent years, everyone has been talking about creating high-performance public chains, with discussions about high TPS and low gas fees; indeed, these are quite important.
But if you think about it carefully, what's the use of just building infrastructure? The key is how many people use it.
So Berachain (BERA) came up with a new approach called Proof of Liquidity (PoL).
It uses two tokens - BERA is used for paying gas fees and staking, while BGT is used for governance and rewards. After validators stake BERA, they also need to compete for BGT bonuses to earn more rewards.
BGT can only be earned by staking BERA or providing liquidity in certain specific projects.
The most interesting part is that after validators receive block rewards, most of it has to be distributed to the application projects on the chain.
These projects can use these rewards to attract user participation. For example, DEX can use it to incentivize LP market makers, and blockchain games can use it to reward players.
If validators want to make money, they have to collaborate with these projects to see who can provide the best incentives. This way, the ecosystem on the chain can develop rapidly, and the number of users will increase.
This model seems quite innovative and worth paying attention to.
The entire system will have a maximum of 69 active validators, ranked by the amount of BERA staked.
The probability of producing blocks is proportional to the amount staked, while block rewards depend on BGT bonuses. To promote decentralization, the impact of BGT bonuses on rewards is diminishing, meaning that the higher the bonus, the lower the marginal benefit.
In terms of specific data, the base block reward is 0.5 BGT, which can go up to a maximum of 1.5 BGT, and these parameters can be adjusted through governance.
Still, the performance depends on the released amount….
In recent years, everyone has been talking about creating high-performance public chains, with discussions about high TPS and low gas fees; indeed, these are quite important.
But if you think about it carefully, what's the use of just building infrastructure? The key is how many people use it.
So Berachain (BERA) came up with a new approach called Proof of Liquidity (PoL).
It uses two tokens - BERA is used for paying gas fees and staking, while BGT is used for governance and rewards. After validators stake BERA, they also need to compete for BGT bonuses to earn more rewards.
BGT can only be earned by staking BERA or providing liquidity in certain specific projects.
The most interesting part is that after validators receive block rewards, most of it has to be distributed to the application projects on the chain.
These projects can use these rewards to attract user participation. For example, DEX can use it to incentivize LP market makers, and blockchain games can use it to reward players.
If validators want to make money, they have to collaborate with these projects to see who can provide the best incentives. This way, the ecosystem on the chain can develop rapidly, and the number of users will increase.
This model seems quite innovative and worth paying attention to.
The entire system will have a maximum of 69 active validators, ranked by the amount of BERA staked.
The probability of producing blocks is proportional to the amount staked, while block rewards depend on BGT bonuses. To promote decentralization, the impact of BGT bonuses on rewards is diminishing, meaning that the higher the bonus, the lower the marginal benefit.
In terms of specific data, the base block reward is 0.5 BGT, which can go up to a maximum of 1.5 BGT, and these parameters can be adjusted through governance.
Still, the performance depends on the released amount….
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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