Berachain is a cutting-edge Layer 1 blockchain that stands out for its innovative approach to liquidity and reward distribution. Unlike conventional blockchains, Berachain employs Proof of Liquidity (PoL), a distinct consensus mechanism designed to address liquidity issues and security limitations faced by traditional models.
In the PoL model, network security is maintained by the liquidity provided in decentralized pools. Rather than simply staking assets in traditional validation systems, users can stake their assets in liquidity pools, where these assets facilitate trades and decentralized financial activities. This process not only supports decentralized exchanges but also rewards participants for their liquidity contributions. By aligning liquidity provision with network security, Berachain offers a solution that enhances both decentralized finance (DeFi) functionality and overall blockchain security.
Tokens on berachain network
* $Bera is the network’s native token. It is used for gas fees.
* $BGT is the governance token. It gives users the right to vote and be part of the decision making.
* $HONEY serves as the stable coin. It is used in the decentralized finance .
Berachain Airdrop
“As Berachain eagerly approaches its mainnet launch, there are exciting opportunities for users to get involved and become active community members eligible for rewards upon mainnet release. By carefully following the steps below, users can effectively position themselves for these potential rewards while actively participating in the network’s growth.
- Add Berachain Bartio Test Network: Connect your Metamask wallet to the Berachain Bartio test network by accessing it on Chainlist.
- Request Test Tokens: Visit the designated faucet page here to claim test tokens, available once every 8 hours, for use across Berachain’s ecosystem.
- Explore Available dApps: Check out the various dapps on Berachain to enhance your engagement.
- Bex – Swap tokens and provide liquidity.
- BGT station – The hub for BGT governance.
- Honey – Mint and redeem Bera’s native stable
- BEND – Supply assets and borrow HONEY.
- BERPS – Trade your favorite pairs.
- Beratrials – Explore the blockchain.
- Faucets – Fund your wallets with bera test tokens.
By participating in these steps below, users gain experience in Berachain’s ecosystem and earn eligibility for future mainnet incentives.
Berachain nfts, Defi and tokens
- Visit here to mint Bera’s new V2 nft. Complete social tasks and mint. Minting these Nfts would be a proof of your activities.
- Explore the unchainbera Nft to complete tasks and mint Bera nft. It could be a multiplier.
- BGT station: Completing DeFi tasks rewards you with BGT token which can be delegated onchain .
- Visit BGS station connect wallet, choose validator, enter bgt amount, then confirm transaction on wallet
- Bend: You earn interest by supplying your assets on bend.
- First, connect your wallet and click on ‘Borrow Honey.’ However, before borrowing, you’ll need to deposit wETH or wBTC, which can be obtained on the Bex exchange Here.
- Subsequently Proceed to deposit WBTC or WETH. then borrow HONEY afterwards. Borrowing HONEY earns you BGT.
- Berachain swaps: Connect wallet here. Swap bera for honey and stgusdc. Make other few swaps .
How to Get BGT
To accumulate BGT tokens, users can participate in specific activities within authorized dApps.
- Providing Liquidity: Deposit liquidity in the BEX platform’s liquidity pools for eligible LP pairs. LP pairs earning BGT emissions will reward participants with BGT tokens over time.
- Borrowing and Lending: Engage with the BEND protocol by borrowing or providing HONEY tokens. These actions support the network and qualify users for BGT rewards.
These actions encourage engagement within the ecosystem and reward users for contributing to liquidity and lending functionalities.
Conclusion:
There are a lot of things to do on berachain which can set you up for reward. Keep tabs on their official website for latest updates and key in.
For similar updates on airdrops, always check AIRDROP and NEWS.
