To begin with, any investment comes with the risk of loss, please act within your means.
Previously, I was operating on the web version, but the BeraChain website only supports EVM wallets, so I couldn't connect to Binance. Today I found that I can also directly connect BeraHub through the Binance wallet, just a simple record of the process.
Additionally, regarding the risks of staking in the liquidity pool and any features on the page that you do not understand, please make good use of deepseek, search engines, and WeChat image translation.
The rough process is shown in the diagram, first purchase a certain amount of $BERA on the exchange.
Then, open the Binance wallet to receive the BERA purchased from the exchange. After that, enter BeraHub through the DAPP entrance. If you don’t see it, searching for BERA will allow you to enter.
I accessed BeraHub via a VPN, normal access is relatively slow. There are several major sections; SWAP is where you exchange various circulating tokens on BeraChain. Here, I exchanged BERA for the tokens I want to put into the pool later; I exchanged for honey. The BGT produced from subsequent mining can also be minted into BERA on a separate minting tab in the SWAP section. One important point to note is not to exchange all your BERA, leave about 0.01 for the gas fees for future contract interactions.
The second part is the liquidity pool. After clicking in, you can see many pools and their BGT annual yields, which can vary greatly. The two with very low annual yields are stablecoin pools, meaning they have very low risk. It is recommended to choose pools with high liquidity.
After selecting the pool, based on my staked wbera/honey pool distance, first, you need to exchange the currency participating in the pool into the liquidity pool's tokens, i.e., LP tokens. After authorizing a few contracts, exchange them into tokens, and then stake the tokens into the pool until you see the last image, which means completion. This will provide liquidity to the pool, and the BGT rewards can be extracted through claim and then minted into BERA in a 1:1 ratio in the SWAP section.
If you are done, then reverse the process: first cancel the liquidity pool stake, then exchange the LP tokens back to any token in the liquidity pool, and then swap them along with the rewarded BGT into the desired tokens, which will then be in your wallet.
Description of some common tokens on BeraChain (my personal understanding).
honey: One of the base tokens, 1 honey equals 1 usd, can be used in most on-chain scenarios.
byusd: One of the base tokens, 1 byusd equals 1 usd, it seems to mainly be used for most third-party dapps on the chain.
wbera: 1 wbera is approximately equal to 1 bera.
