#BERAonBinance Berachain is a Layer 1 blockchain platform compatible with the Ethereum Virtual Machine (EVM), built on the Cosmos SDK framework, and using the Proof of Liquidity (PoL) consensus mechanism. Launched in late 2021, the project focuses on the DeFi sector and was born out of the Bong Bears NFT community. Berachain allows users to stake assets such as stablecoins and blue-chip DeFi tokens with its validators, thereby increasing capital efficiency in the DeFi ecosystem. By adopting a three-token system—$BGT as the governance token, $BERA as the gas token, and $Honey as the native stablecoin—Berachain offers unique features that set it apart from other blockchains. The project has successfully raised $42 million in funding from renowned investors such as Polychain Capital and dao5. With a vision to increase capital efficiency and solve liquidity challenges in DeFi, Berachain has the potential to be a significant innovation in the decentralized finance landscape.