How to Prepare for Berachain: The Novel Proof-of-Liquidity Blockchain

Founded by pseudonymous developers, Berachain has raised more than$ 100 million to help propel its novel EVM-identical, proof-of-liquidity blockchain.

What started out as an NFT venture called Little Bears has since grown into a vibrant ecology, with Framework Ventures co-founder Vance Spencer describing the Berachain society as “one of the most energized I’ve seen in all of crypto” as “one of the most energized I’ve seen in all…

The project slyly predicted that Berachain’s mainnet would launch in” Q5″, which the mad community is now eagerly anticipating.

As its mainnet start techniques, here’s how you can make for Berachain ahead of time.

What is Berachain?

Built atop the Cosmos SDK, Berachain is an EVM-identical layer-1 bitcoin. It uses a novel “proof-of-liquidity” discussion process, which aims to address the restrictions of the proof-of-stake design.

People use the show’s local BERA tokens to provide cash to lakes, earning Bera Governance Tokens ( BGT), which are delegated to participants who create stones based on the BGT that is delegated to them. Then, using their voting power, they can decide whether or not BGT inflation will increase over the course of the next few liquidity pools and give delegators block rewards ( known as bribes ).

Before release, what can you accomplish on Berachain?

Users are actively looking for ways to participate in Berachain’s mainnet even though the mainnet build is not yet survive.

Pre-deposit bunkers

Due to Berachain’s mainnet start, interested investors are able to collaborate with other DeFi protocols like StakeStone and EtherFi to provide cash to the string and a limited number of protocols.

As part of its Beramas effort, the initiative opened these vaults, which differ from its pre-launch cash system” Boyco”, allowing users deposit crypto assets like Bitcoin and Ethereum, and obtain early access to advantages bundles on Berachain.

Per data from Dune, more than$ 2.1 billion has been deposited in these pre-deposit vaults to date, led by EtherFi which has amassed more than$ 627 million in deposits.

Interestingly, this allows people to load Berachain benefits prior to the start of its mainnet network.

” These vaults are a simpler way of stacking benefits due to Boyco’s start, with a one-click UX across a few unique verticals”, wrote anonymous Berachain staff member, Knower Bera.

Boyco

Boyco is Berachain’s pre-launch cash program, designed to fix the problem of short-term opportunities offered to “farmers” or bitcoin people searching for rewards like key airdrops, while simultaneously benefitting the protocols that need earlier cash and users to achieve.

Users will have the option of offering pre-deposit vaults and protocols set to launch on Berachain, giving them the chance to stack rewards.

Users will be compensated by BERA incentives and multipliers based on the type of asset and market they provide liquidity into when they deposit crypto assets into one of three different types of markets: volatile, stable, or single-sided.

In other words, a user who only deposits USDC into a stableswap market that accepts one asset will receive a different multiplier and BERA reward than a user who provides two correlated assets.

Berachain’s most recent blog post provides more details about the multipliers and markets that will be coming with Boyco.

Boyco vaults will be accessed using at least 12 different protocols, and more information about their mechanics and audits can be found in the previous blog.

Participate in testnet applications

Berachain’s robust testnet enables users to interact with a variety of protocols to learn about the user experience that will emerge following the launch of the mainnet and gain from it.

Users looking to access the testnet can do so using popular EVM-compatible wallets like MetaMask or Rabby because its upcoming network is EVM-Identical.

Four different faucets, or token drips, are available for users to request BERA tokens, which can then be used to get started on Berachain’s testnet.

Once a user has requested testnet funds, they can typically begin to interact with protocols on the testnet, of which there are more than 100—including 127 which met the criteria for support in Berachain’s recent” Request for Broposal: Applications”, a program led by Berachain to support and scale builders aiming to launch on its mainnet.

When the mainnet launches, each of these selected protocols will receive rewards from Berachain, with specific requirements such as “providing a minimum of 70 % of those rewards to Mainnet users and for liquidity incentives.”

Users who want to look further can access a full list of protocols, which range from smart rings like Moon Ring to casinos like Pepino Casino.

Community Projects

Berachain’s community has contributed to the development of a number of community initiatives, including NFT projects that are scheduled to launch and be eligible for trading on the well-known Web3 marketplaces Magic Eden, in addition to the more formal applications listed above.

Berachain is supporting these projects with rewards under its” Community” umbrella.

At least 72 projects “declared meaningful contributions to the Berachain ecosystem to date” and “outlined a clear plan for ongoing contributions to foster long-term education, community building, and positive engagement around Berachain itself,” according to Berachain.

This includes NFT projects like Steady Teddys and Beratodds, vape-to-earn project PuffPaw, musical project Berachain Records, among others.

Important to note that the NFT projects that were accepted into the Request for Broposal: Community initiative had to be completed before they could be launched, allowing new members to learn and interact with the communities.

What advantages might there be?

A native token, BERA, will be used to activate validator nodes and process payments on the blockchain for Berachain transactions.

Although there hasn’t been a formal announcement regarding the token airdrop, comments from team members and chain posts have indicated that some of the BERA token is reserved for specific activities like Boyco or its Request for Broposal Communities and Applications.

Additionally, the market heavily suspects an airdrop is coming, and soon, with Berachain’s Q1 airdrop likelihood sitting at 81 % according to bettors on Polymarket.

When will Berachain launch?

Although it is unknown when the Berachain launch will take place, it is widely anticipated to occur within a few weeks of the Boyco launch, which “quickly approaches,” according to a January 20 blog post by pseudonymous team member Jack Bearow.