MT Capital Research Report: Berachain may become a new generation of super L1

Author: Severin & amp; Ian, MT Capital

Tl; DR

BERAChain originated in 2021. The founder felt the liquidity split between multi -chain and the ghost city effect of the public chain, which caused the idea of creating a liquidity chain.The BERAChain community has very distinctive Ponzi culture, MEME culture, and NFT cultural characteristics.
BERAChain is a high -performance EVM compatible public chain based on liquidity proof.EVM compatibility enables Berachain to be widely integrated with mature EVM ecology.POL consensus can discharge and bribery through BGT to help BERACHAIN directly motivate the liquidity on the chain, avoid the dilemma of liquidity ghost city facing existing public chains, promote the prosperity of DEFI ecology and trading activities on the chain, and allow the public chain to obtain the flexibility of the agreement level level.It can incentive and guide the liquidity on the chain more effectively, thereby promoting the balanced development of the ecology and rotating the rising flywheel of the public chain.
The ecological projects on Berachain are still in a very early stage of development.In addition to the official components, the ecological projects on BERACHAIN show three different development trends: (1) supplementing the long -tail market that cannot be touched by the official components;3) There are also a large number of external high -quality projects attracted by the POL mechanism and being sucked into the Berachain ecology by the siphon;
From the perspective of investment opportunities, we will focus on the high -quality DEFI projects on BERACHAIN, as well as innovative infrastructure that can make innovative infrastructure around the POL mechanism, BGT mechanism, and bribery mechanism around Berachain, continue to pay attention to the NFTFI protocol that can combine the NFT and DEFI, and the L2 based BERACHAIN L2.And related infrastructure.(Related track project party Welcome to Twitter DM @0x_ianwu, @Severin0624)

introduction

Recently, a very interesting phenomenon is that the ALT-L1 public chain, which was proud of technology, has begun to grab the attention of the Crypto market with Meme.Just like Solana, the technical advantages of high TPS and low -confirm delay were finally perceived by users in the magnificent MEME speculation, and realized the harvest of public opinion, funds, users and traffic.Solana’s MEME speculation not only brings a lot of traffic attention and new users to Solana, but also brings a lot of active transactions and liquidity to Solana.The injection of liquidity funds also makes Solana’s MEME ecosystem more vitality, and further drives the prosperity of the entire Solana ecosystem.In particular, Dex Raydium, the preferred choice for Solana Meme, has gained 246% of the monthly TVL growth.It can be seen that although technology is still the historical heritage of the blockchain iteration, technology is by no means the only life door to measure the future development of the public chain.The market attention and liquidity represented by Meme may become the main battlefield of the new round of public chain competition.

Source: https: //defillama.com/protocol/raydium? Events = false & amp; volume = true

However, there is such a public chain. BERAChain has its own MEME culture since its establishment, so that it can still gather a large number of loyal community users in the Crypto bear market in the case of team anonymous and lack of technical documents.The name BERA itself is one of the most distinctive Crypto Meme culture.The reason why it is named BERA is to pay tribute to the classic encrypted old stalk HODL, so the bear is rewritten to bera.It also innovatively proposed the POL mechanism, which aims to attract liquidity by giving tos to token rewards through liquidity on the chain and avoid the predicament of the existing public chain.In addition, it is also compatible with EVM, seamlessly migrated by developers and users who support EVM ecology.The superposition of the three BUFFs quickly attracted millions of users once it was launched, and achieved the growth of millions of active wallets in just 7.5 days.

Source: https://twitter.com/berat/status/174952252389570700? Ref = Research.despream.io

As a public chain with its own technology, community, and MEME culture and liquidity, BERACHAIN is expected to reshape the competitive pattern of existing public chains, break the dilemma of the ghost city with deserted liquidity, and become the super star chain of this round of bull market cycle.

Development process

BERACHAIN development history

Several founders of Berachain were early anonymous DEFI players. Since 2015, they have invested in the Crypto project, scrambled coins, and completely participated in the DEFI Summer.During 2021-2022, the founders also participated in the DEFI ecosystem between different chains, and turned back and forth between different Alt-L1, and felt the liquidity split between multi-chain and the ghost city effect of the public chain.They found that the public chain always relies over to tokens to attract TVL and liquidity. Once the tokens are exhausted, most public chains will gradually lose liquidity.In addition, they found that there were also some problems with the POS public chain, and a large amount of value tokens were used to pledge to ensure network security.Although the security of the network has increased, the cost of liquidity paid for this is also huge, and the liquidity is the life door where the Defi and the ecological protocol are active.The rich DEFI industry participation has shaped their basic awareness of the ideal chain model, and laid the foundation for the subsequent POL mechanism.

About a year and a half ago, Smokey and another co -founder said in a just joking tone that to make smoking bears NFT BONG BERAS.After the release of Bong Bears NFT, it accidentally received a lot of attention and support from the community.Since the founder was the earliest mix of OG to the Defi community of major headsTherefore, most members of the community coming are also DEFI enthusiasts.In the community again and again, several founders gradually had the idea of creating a liquidity chain and opened voting in the community.It is magical that they have never done the public chain and they accidentally received a lot of support from the community, and BERAChain came into being.

Although the founding team has a wealth of DEFI experience and accurate market awareness, after all, developing a public chain also requires a lot of technical work.In the process of conversation, the Berachain team met the Polaris team focusing on EVM development. The two teams coincided with one shot, which together constituted the main body of the current BERAChain.So far, BERAChain is basically set.Technically, Berachain will use Polaris technology development to create a high -performance L1 based on COSMOS compatible EVM.In the mechanism, Berachain will adopt the POL mechanism to promote the prosperity of the DEFI ecosystem on the chain by motivating the liquidity on the chain.

Key historical node

2021.8 Bong Bears NFT is cast and laid the foreshadowing for subsequent Berachain.

2021.10 Bong Bears NFT for the first time Rebase.

2021.11 Berachain was first mentioned.

source: bonga bera 101 — The Honey Jar (mirror.xyz)

2022.3 Olympus Dao OIP-87’s proposal about BERAChain seed wheel financing is approved, and BERACHAIN will obtain Olympus 0.5m financing with a valuation of 50M.

2023.4 Berachain disclosed 42M financing led by Polychain.

Source: https: //twitter.com/berat/status/164900293080915968? Ref = reSearch.despream.io

2024.1 Berachain Test Network released.

2024.3 Berachain was disclosed that it was financing over 69m led by Framework Ventures.

Community culture

Ponzi culture

Berachain was first launched by several old OGs who were mixed with the DEFI projects of major heads.Berachain’s founding team does not exclude or even say that it is enjoying the Ponzi culture.Therefore, in the BERACHAIN community, everyone does not avoid Ponzi, and even the opening is Ponzi.Berachain is also considered by the current market to be the next LUNA with the Ponzi model. Although this metaphor is not reasonable, it also reflects the cultural core of the BERAChain community and the outside world’s perception of the BERACHAIN community culture.

Meme culture

In addition to Ponzi, Berachain is also born with Meme culture. After all, the origin of Berachain is from Bong Bears NFT, a smoking bear with a very meme image.Bong Bears originally had a joke between several founders from the idea to landing, and unexpectedly received a lot of attention and support from the community.In addition to Bong Bears, the name BERA itself is one of the MEME culture.The reason why it is named BERA is to pay tribute to the classic encrypted old stalk HODL, so the bear is rewritten to bera.BERAChain’s founder Smokey will also wear BERA hoods to attend various formal activities, spreading the MEME spirit in the body.The BERAChain community also loves to play Meme culture very much.The official push will deliberately spell the words, such as fighting hello as Henlo.In other communities, you may often see GM and GN, but in the BERACHAIN community, you will see OOGA BOOGA swipes with high Meme personality.It can be said that from top to bottom, from the official to the community, BERACHAIN is immersed in the characteristic Meme culture.

NFT culture

Because BERAChain was born from NFT Collection, NFT has become one of the most representative culture of the public chain.When we talk about other public chains, we rarely think of the symbolic NFT of other public chains except Ethereum.But when talking about Berachain, the topic that cannot be bypassed is the Bong Bear NFT based on the Rebase mechanism.In addition to the NFT issued by the founder, the ecological projects on Berachain are also issuing their respective NFT Collections, and the NFT Collection of different projects will be linked to the theme of Bear.Even to some extent, for BERACHAIN, NFT is the same as an asset as Token.Compared with simple Token, NFT has an additional layer of cultural attributes and community identity, which also allows the entire BERACHAIN community to have stronger consensus and community stickiness.Taking Bong Bear and Honey Comp as an example, although these two major NFT series have obtained a lot of gains in the secondary market, few users have sold their profits, and the NFT listing rate is not even less than 2%. This also reflects the side reflection on the side.The strong community consensus under the BERAChain NFT culture.

Source: https: //opensea.io/collection/bongbears

summary

BERAChain’s unique cultural attributes are also one of BERACHAIN different from other public chains.We predict that BERACHAIN’s unique community culture will bring the following impact on BERACHAIN:

Compared with other public chains, stronger purchasing power and wealth effects: Ponzi’s attractiveness to funds is self -evident. BERACHAIN is native to the loyal users of the major DEFI and even the Ponzi community, as well as BERAChain’s preference for Ponzi or will give BERACHAIN ownCompared with other public chain more purchasing power, it has become the best survival soil in the Ponzi project.
Compared with other public chain more traffic attention: In this round of cycle, the public chain gradually realized that the native MEME is the best marketing for the public chain.From this perspective, BERAChain, which is naturally self -laughed with MEME culture with MEME culture, is more likely to be able to make a circle and capture more market attention.
Compared with other public chains, a stronger community cohesion: To some extent, the existing public chain lacks unified symbolic symbols as a spiritual consensus.But just like each country has its own national treasure as the representative and consensus of the country. For BERACHAIN, BERA is the best spiritual symbol and consensus of Berachain.Almost all the NFT Collections on BERACHAIN are created with BERA as the basic carrier. The communication of NFT culture will further bring community recognition and enhance community stickiness.At the same time, different project parties on BERACHAIN will also cooperate and make benefits based on NFT, which will also bring stronger ecological synergy and community cohesion to the BERACHAIN ecosystem.

BERACHAIN technology architecture

Berachain is built on the COSMOS SDK, using the COMETBFT consensus engine, which is compatible with EVM’s high -performance L1 public chain.Based on the COSMOS SDK construction, the Berachain can be seamlessly integrated with the COSMOS ecosystem and achieved horizontal expansion between chains through the IBC module.At the same time, BERACHAIN has also developed the Polaris Ethereum module to provide BERACHAIN with EVM compatibility, so that BERACHAIN can better aggregate the existing EVM ecosystem developers and users.Come more familiar development and use experience.Berachain wants to be a key node for uniform EVM ecological liquidity and cosmos ecological liquidity to create the most powerful, fastest, and most liquid blockchain network in the multi -chain ecosystem.

Polaris ethereum

Polaris Ethereum can provide developers with an advanced EVM development experience.In addition to providing basic EVM compatibility, Polaris Ethereum can also provide developers with an additional pre -compiled contract module and support developers with custom operation code, so that developers can use Polaris Ethereum to build moreFlexible and more applicable smart contracts.

EVM compatibility

The basic principle of Polaris is similar to running an additional virtual machine on the L1 main chain.By inserting the corresponding plug -in such as Configuration Plugin, State Plugin, GAS Plugin, etc., Polaris can effectively input status conversion, thereby supporting any type of L1 main chain smart contract execution of Ethereum transactions.

Source: Polaris Architecture -Polaris Ethereum Docs (Berachain.dev)

Pre -compilation

Pre -compilation is also known as pre -compiled contracts, that is, a group of smart contracts executed as bytecodes in the EVM as a special function and directly built in the blockchain node.Pre -compilation contracts can achieve more efficient state operations at lower GAS costs and provide additional functional logic.Polaris’s support for pre -compiled contracts allows it to realize direct interaction with various COSMOS modules.At present, the pre -compiled contract type of Berachain is as follows.For example, the BGT pre -compilation contract contains the redemption operation of the BGT, and the BRIBE’s prepaid contract contains operations such as creating bribes and obtaining bribery costs.

Polaris EVM has also added support for custom operating codes to support more complex smart contracts.

Source: Precompiles & amp; deployment addresses | Berachain Docs

Modular and interoperability

Polaris is the modular implementation of EVM, and Polaris can be easily integrated into any consensus engine.Each component of Polaris is developed as a unique package and is equipped with a comprehensive test document.Developers can use some components in Polaris separately according to the complete documentation, or combine multiple components to create personalized EVM integration on demand.Polaris’s modular implementation of EVM integration can help developers significantly reduce the time cost of the EVM integration solution on its own.

In addition, the combination of Polaris Ethereum and COSMOS SDK can also achieve interoperability with the cosmos ecosystem in an EVM compatible environment.By integrating multiple states on the chain, Polaris enables EVM users to perform the native operations of COSMOS, such as governance voting, verification entrustment, etc., and interaction with other chains through IBC.While retaining the native EVM experience, this design further realizes the true interoperability between COSMOS and EVM, making BERAChain closer to its vision of becoming an EVM ecology and cosmos ecological liquidity center.

(Of course, because Polaris has not been tested by practice, the specific performance performance, traffic load status, and compatibility of EVM after the main network are observed after the main network.)

POL consensus

Why do I need POL

POS is one of the most common consensus mechanisms at present.Although POS has been confirmed by the market for many years of practical inspection, it has been valid for currently acting, and a consensus mechanism that can take into account network security, decentralization, and consensus efficiency, but POS also has some problems.For example, the security of the POS network depends on the number of asset pledge in the network. The greater the value of pledge assets, the lower the probability of the network attack.However, excessive pledge asset value is also equivalent to decreased asset value that can be used for liquidity on the chain, which is not conducive to the prosperity of the trading activities on the chain.Especially in 2021, 20122, which has not been highly popularized in liquidity.In addition, the tokens in the POS network will only flow to the tokens, that is, the POS network will only inspire pledge activities. For activities such as on -chain transactions and liquidity, POS networks have not given enough POS networks to be given enoughIncentive support.The existence of the above two major issues made BERAChain finally abandoned the POS consensus and instead proposed the POL: Prove of liquidity liquidity proof mechanism.

The core of the POL is to motivate the prosperity of the Defi ecology on the chain, and one of Defi’s life door is liquidity.Therefore, the core essence of POL is the deep liquidity of the sustainability on the incentive chain.

POL mechanism

The specific mechanism of POL is as follows:

To get token incentives similar to tokens in the POS network, it is necessary to provide liquidity to a specific liquidity pool on BERACHAIN, and BERACHAIN will give users a reward for governing tokens BGT.Note that the method of obtaining native currency rewards in the traditional POS network is pledge, and the way to obtain native currency rewards in the POL network is to provide liquidity.
Similar to the pledged tokens in POS, users can also entrust the obtained BGT to verify nodes, and verification nodes will replace users to participate in network verification work.
Similar to POS, the verifications will also participate in block generation and construction based on their entrusted BGT proportional weights, and get block generation rewards and block costs as rewards.
Unlike POS, the verificationrs can vote for the future BGT reward emissions in different liquidity pools.In the POS network, the rewards received by the pledgedness are relatively fixed.However, in POL, the rewards obtained by liquidity providers are dynamic and will be affected by governance factors.
In the end, a new round of BGT will be dynamically discharged between different liquidity pools according to the previous voting results. The BGT reward will be assigned to the hands of liquidity providers to form a closed loop.

Source: What is provan

POL VS POS

POL’s improvement of POS is obvious.

First of all, POL can directly motivate the liquidity on the chain to promote the prosperity of the DEFI ecology on the chain.The only way to get tokens in the POL network is to provide liquidity.As a result, the emission rewards of POL networks will attract users to provide liquidity.In addition, the higher the value of the online currency, the greater the attractiveness of tokens emission rewards, which will cause more and more users to become LP and continue to deepen the liquidity of the network.In addition, the persistence of liquidity incentives also makes the POL network’s liquidity more sustainable, unlike other POS public chains, once the airdrop incentive is completed, it will face the dilemma of largely withdrew liquidity.
Secondly, POL enables the public chain to gain the flexibility of the agreement level, which can more effectively motivate and guide the liquidity on the chain to promote the balanced development of the ecology.The POL mechanism of the public chain is similar to the Vetoken mechanism of the protocol level. By governing the module, the public chain can motivate specific assets and specific liquidity pools to guide the original disorderly liquidity.Its core essentials are very similar to the tokens subsidized by the public chain to the tokens of specific ecology, specific protocols, and specific assets, but the implementation method is more elegant.
The POL mechanism may get higher security than POS.There is a potential positive flywheel in the POL mechanism.In the POL mechanism, users provide liquidity, and will deepen the liquidity of the network while obtaining the liquidity of the network token emissions, bringing a better experience of DEFI users, and promoting the prosperity of the network ecology.The better direction of the network will also reflect to the price of the tokens to a certain extent, promoting the rise in token prices.The rise in token prices will further inspire users to provide liquidity, capture the tokens of the network, and form a set of closed -loop positive flywheels.In the process, the increase in liquidity provided by users also means an increase in network security. Therefore, the POL mechanism may get higher security than the POS network.

In summary, the POL mechanism can effectively promote the sustainable liquidity of the chain and the prosperity of the DEFI ecosystem through the form of token reward emissions, and get rid of the dilemma of existing public chain -to -airdrop marketing to attract users and liquidity.Capture higher security at the same time.The POL mechanism can also make the public chain more flexible in ecological incentives, and it is expected to rotate liquidity, currency price and ecological rising flywheel.

However, the POL mechanism also has its corresponding disadvantages, that is, POL only inspires liquidity and only inspires the lowest liquidity needs of DEFI.Although liquidity is the life door of DEFI, liquidity is not equal to the entire DEFI.POL cannot inspire the DEFI protocol that does not demand liquidity.For example, the trading polymer protocol does not have a very high TVL, but it can contribute a large amount of transaction volume.However, under the POL mechanism, BERACHAIN cannot effectively motivate such protocols.In addition, POL is difficult to incentive balance to NFT, Gamefi and other non -DEFI tracks.Therefore, the current POL version may also be further optimized in the process of BERACHAIN in the future to more balanced the development of different DEFI protocols and different chain ecology.

Token model

BERAChain’s token model is also different from other public chains. BERAChain’s token economy consists of three different tokens: governing tokens BGT, GAS token BERA, and stable coin Honey.

Introduction to the Three Generation Currency Model

The positioning of BGT is similar to the governance tokens in the POS network. The difference is that BGT is set to be unlocking.And, the way to get BGT is relatively limited.At present, users can provide Honey Vault in BERPS to provide Honey by providing liquidity on BEX to get Honey to get BGT emission rewards.BGT can be used as participation governance. Users can entrust BGT to verifications, while receiving governance rewards and bribe rewards.Once the verifications are involved, users can also get the trading handling fees and GAS fees of BEX, Bend and BERPS in the block, BERACHAIN’s native application of BERACHAIN.BGT can also be converted to BERAChain’s GAS token BERA, but the process is one -way and irreversible, that is, users can no longer convert BERA 1: 1 to BGT.

BERA’s positioning is similar to the native token in other public chains, mainly used to pay GAS fees and block rewards.The difference is that holding BERA tokens does not have the right to vote, and the right to govern is divided into BGT.

Hoeny’s positioning is Berachain’s native stablecoin, providing a stable trading medium for applications on BERACHAIN.Users can cast Honey by mortgaging USDC 1: 1.

How to understand the three -generation currency model

To understand the three -generation currency model, we still have to return to the POL mechanism of Berachain.POL inspires the liquidity of Berachain by giving the user BGT token reward.Therefore, in order to achieve the effect of motivation, BGT must be valuable to attract enough liquidity.

How to ensure the value of BGT?If it is the same as other L1, the national currency is only used as a governance token, then the value of tokens is difficult to guarantee.In this case, token value is only related to the weak fundamentals of the public chain, which is obviously not a reasonable path.To ensure that the value of BGT has two ideas, one is that behind BGT is indeed a real value inflow, or allows users to see the expected income.The second is to ensure that users hold it instead of selling BGT.Based on these two ideas, we will look back at Berachain’s POL and three -generation currency model design.

First of all, regarding users not to sell this problem, BERACHAIN’s idea is very simple. The BGT design is designed as a non -transaction and transfer to token, and an additional GAS tokens are added.If users want to sell BGT, they need to convert BGT 1: 1 to BERA, which is equivalent to setting up an additional layer of obstacles for the user to delay the user’s selling on BGT.

However, this way is always cure for the standard. To make users think that BGT is valuable, the most direct idea is to let users see the income behind BGT.In this idea, Berachain gave two empowerment solutions.First of all, BERAChain gave BGT governance rights.This governance right is not the governance of the project development, but directly targeting BGT emissions, that is, the right to govern the user’s income.The significance of governance is that in order to maximize their own income, each user must hold BGT and entrust BGT to the liquidity pool willing to vote for themselves to get more BGT emission rewards.In the PVP of users and users, if one party chooses to sell and sells, it is obvious that the BGT emissions that this party is expected to obtain in the future is relatively less, which is not conducive to the goal of maximizing its own income.From this perspective, BERACHAIN can effectively delay the user’s process of selling BGT digging by giving BGT income governance rights, promoting more users to hold BGT, and obtain higher future income.

Secondly, not only BERACHAIN, the node itself is also empowering BGT.Because the revenue of nodes comes from ecological income and GAS income obtained from blocks.In order to maximize their own interests, nodes must receive as many external BGT commission as much as possible, thereby increasing their output rate.To attract external BGTs, nodes need to be bribed.There are many ways of bribery. For example, nodes can share the ecological income obtained by the node with the user, or the node can start on the own, and use the high amount of APY in the new disk for the BGT in the hands of the user.The competition process of maximizing its own interests has gradually evolved into the process of empowering BGT.The value of BGT has obtained the agreement income from node sharing and the guarantee of bribery revenue, which can further increase the confidence of users.

At this point, the relationship between the entire POL mechanism and the three -generation currency model has gradually become clear.I believe it is not difficult to understand why BERACHAIN is officially controlled in their own hands.The reason is very simple. The three major components of DEX, Lending and PERPS can enjoy the huge gain brought by POL and generate high agreement revenue.The official transfer this part of the income to the middle of the intermediate underwriter node, and the node empowers this part of the income on the BGT as the most authentic value guarantee of BGT.Imagine, if there is no income dividend from DEX, Lending and PERPS, is the value of BGT a bit of a bit of an empty pavilion?

Furthermore, BGT and the entire BeraChain ecology penetrate each other.The income of ecological projects is the most authentic value of value behind BGT. If the BERAChain ecology is not active enough, the value of BGT will not be more guaranteed, and users tend to sell BGT.The decline in BGT value will reduce the attractiveness of BERAChain to LP, leading users to withdraw liquidity and find other mining pools with higher income.Sex, thus move towards negative spirals.Conversely, if the BERACHAIN ecosystem is active enough, the agreement of the official three -piece agreement of BERAChain is high enough, and the income profit can be shared with users is high enough, and BGT will get more value guarantee, and users will be more willing to hold BGT.Increasing BGT’s attractiveness to users will also attract more users to provide more liquidity, thereby further driving the prosperity of the DEFI ecosystem on the chain, and opening a forward spiral.In terms of rationality, the relationship between spiral start and stop depends on the relationship between BGT’s commissioned pledge income and the current price of BGT.If the value of the two is similar, the system will maintain overall stability.If the value of the two is large, then Berachain will easily enter the rise or decrease spiral.

Source: https://twitter.com/bursstingbagel/status/1565705660888596481

Berachain ecology

Although BERARAIN was born in 2021, because BERACHAIN’s core mechanism has been optimizing design and its relevant documents have not been disclosed to the outside world. Therefore, there is currently not a very complete project ecosystem on BERACHAIN.Even because the relevant documents of BERACHAIN were announced late, most community projects were established since 2024.1, and the Berachain ecology is still in a very early stage.

Official ecology

Berachain’s official ecology is the most important basic component of the Berachain ecosystem.According to the founders, in order to avoid protocols such as DEX, Lending, PERPS, etc. in similar products, they made a meaningless vampire attack. The official decided to end in person and provide DEX, Leending and PERPS products by themselves.According to the above analysis, it can be seen that DEX, Lending, and Perps are also the big heads of BERACHAIN ecological income. The official holding these three sets of sets in hand is conducive, Turn the berachain spiral rising forward flywheel.

In addition to BEX, Bend, and Berps, the official also provides BGT Station based on BGT -based management platforms, the casting and redemption platform of native stablecoin HONEY, BERACHAIN blockchain browser BERATRAIL, and test network.

Source: https://www.bechain.com/

DEFI ecology

Infrared

Infrared is a POS and LSD protocol on BERACHAIN, and disclosed in 2024.1 the 2.5M seed rounds led by Synergis, NGC Ventures, Tribe Capital, Citizenx, Shima Capital, DAO5 and other institutions.Infrared cleverly degenerate BERAChain’s POL into a more familiar POS in the market and users, and further releases the user’s funding efficiency by issuing pledge liquidity vouchers.Infrared provides liquidity assets to provide liquidity and capture BERAChain’s BGT emissions.Subsequently, Infrared will give user liquidity vouchers IBGT and pledge voucher SIBGT as a mapping of BGT.Users can not only enjoy the corresponding BGT income, but also use IBGT and SIBGT to further participate in other DEFI ecology on BERACHAIN.Infrared is expected to become Lido on Berachain and expand its IBGT ecosystem.

Source: https://medium.com/@infraredfinance/understnding-IBGT-the-FUTUR

Kodiak

Kodiak is the only DEX project hatched by Build-A-BERA accelerator of Burachain, and disclosed 2M-seed financing by BUILD A BERA, Amber Group, Shima Capital, DAO5 and other institutions in 2024.2.

Kodiak aims to be a comprehensive liquidity platform on BeraChain, providing users on BERACHAIN with DEX + automated liquidity management + non -code -free token deployment and other services.Although the same DEX, Kodiak’s positioning with the official DEX is not conflicting. Kodiak aims to provide users with long -tail asset trading services on BERACHAIN, and Kodiak can also provide automated liquidity management solutions for liquidity providers to avoid removalLP actively manage liquidity.In addition, Kodiak also provides a set of non -code tokens deployment solutions that support developers to quickly deploy and issue tokens.It can be said that Kodiak provides a full set of service process solutions from tokens deployment, distribution, to transactions, and liquidity management.

Source: https://medium.com/@kodiakfi/introping-kodiak-beachains-native-liquidity-Hub-63E7749B30

Beradrome

Beradrome aims to be the Dex and RestAking liquidity markets on BeraChain. Through the design of the VE (3,3) token economics, Solidly’s gameplay is brought into the Berachain ecology.Users holding IBGT can use Beradrome to buy and pledge Bero. While getting Hibero vouchers, they can also capture the verifications of the BERADROME platform, agreement bribery, and Obero emission rewards.At the same time, users can also use Hibero to recycling IBGT for pledge without liquidation risk to further improve the efficiency of funds and enlarge their income.

Source: https://twitter.com/beradrome

It is worth noting that Beradrome has reached a cooperation with The Honey Jar, and the two will cooperate to run a BERACHAIN verifier node.In addition, Beradrome also issued his own NFT Collection Tour de Brance. NFT holders can obtain higher Hibero distribution rights and voting rights.

Source: https://opensea.io/collection/tour-de-Brance

Honeypot Finance

Similar to Infrared’s idea, HoneyPot Finance also provides a set of pledge solutions for BGT pledge solutions that degenerate BERACHAIN POL into users.Unlike Infrared’s absorbing user’s liquidity assets and the idea of giving user IBGT liquidity vouchers, HoneyPot Finance is a BGT entrusted by the user through platform coins to inspire users to use bribes of platform coins through income governance.Sexual pool, obtain BGT emissions to form POS.In addition, HoneyPot Finance also launched Launchpad, which is fairly launched for long -tailed assets, and the Batch AMM model optimizing long -tail asset transactions to become the liquidity infrastructure of long -tail assets issued transactions on BERACHAIN.

Source: https://docs.honeypotfinance.xyz/z/zh-oveerView/map

In addition to the above DEFI Protocol, there are still a group of high -quality agreements that are still under construction but have not disclosed the details of product details, such as

Supports any support for the currency market agreement Gummi
The commodities, RWA protocol Wakalah on the BERACHAIN
Oracle-free derivative platform Exponence on BeraChain
0dte option AMM platform IVX
DEX trading polymer OOGA BOOGA
It can provide an option protocol with up to 1,000 times lever, no liquidation and impermanent income, Smilee Finance
Order -centered order flow polymerization and modular intelligent liquidity routing platform Shogun
100% chain non -hosting multi -strategic hedge fund protocol D^2 Finance
….

NFT ecology

Nft collection

Bong bears

Berachain originated in Bong Bears NFT Collection.2021.8.27, the three anonymous founders of BERACHAIN issued Bong Bears NFT Collection, which consists of 100 unique bear shapes.The subscription process is also different from other NFTs. Each NFT is priced at 0.069 ETH. Buyers can check specific bears on OpenSea to purchase specific bears before purchasing.

Bong Bears NFT also proposes the concept of Rebase NFT, and then REBASE has produced four different NFT Collections: Boo Bears, Baby Bears, Band Bears, and Bit Bears.

In the early Bong Bears community, the extremely high user stickiness made BERAChain disclose any relevant information, and the price of Bong Beuras NFT could also rise all the way from 0.069 ETH to over 50 ETH.With the disclosure of BERACHAIN financing information, holding Bong Bears NFT is also regarded as the best choice to get BERACHAIN airdrops. The listing rate of Bong Bears NFT has dropped rapidly. At present200 ETH.

Source: “Proof of liquidity” Project Berachain Launches Public Testnet, Artio (InvestingCube.com)

The honey jar

In addition to the official Bong Bears NFT Collection, the hottest NFT Collection and the community are The Honey Jar on the most popular BERACHAIN.The Honey Jar is the traffic entrance of the BERACHAIN ecosystem. When Berachain has not yet made public PR, The Honey Jar began to help BERACHAIN operate related online and offline activities and its own The Honey Jar community.The Honey JAR is not only the traffic entrance of the BERAChain ecosystem, but also responsible for users to educate users of the Berachain ecology.In addition, the Honey Jar itself, as a community, also operates incubation and cooperation with other projects with BERAChain ecological projects.

The Honey Jar also launched its own NFT series Honey Comb NFT.As the NFT project of the BERAChain core community, holding Honey Comb NFT can enjoy additional benefits brought by The Honey Jar partner, such as the NFT whitelist casting opportunity, additional mining income improvement, and so on.At present, Honey Comb NFT has reached 4.3k ETH on Opensea, the floor price is about 0.25 ETH, and the listing rate is only 1%, which also reflects the extremely high user stickiness of The Honey Jar community.

Source: https: //opensea.io/collection/honey- Comb-2

Nft protocol

Goldilocks

Goldilocks is a comprehensive Defi + NFTFI platform on BeraChain. Goldilocks can provide users on BERACHAIN with NFT -based borrowing services.The features of Goldilocks NFT borrowing services are: (1) The reserve price of NFT Collection is decided by its governance tokens Locks holder, and no dependence on the price machine is required.(2) NFT loans are priced at IBGT. Users can provide BGT to the borrowing pool and obtain liquidity vouchers GIBGT. Users can also use GIBGT to further participate in other BERACHAIN ecosystems while enjoying loan interest income.

KingDomly

KingDomly aims to be Berachain’s native OpenSea.For C -side users, KingDomly can provide users with NFT casting, sales, transactions and leasing services.For B -side users, KingDomly supports users to quickly deploy NFT Collection and seamlessly complete NFT distribution.KingDomly has reached a cooperation with HoneyPot Finance to complete the distribution of HoneyPot Finance creation NFT.

Protecc

Protecc is a comprehensive NFTFI platform.Protecc aims to be a one -stop NFT trading market. It can provide NFT AMM for traders trading at any time, provide NFT OTC and large trading platforms, support giant whale transactions, provide NFT automatic revenue strategy treasury, help users to earn income automatically, and as well as, and as well as automatic earnings, and as well as automatic earnings, and as well as automatic earnings, and as well as, they can automatically earn benefits.Provide products such as cross -chain NFT trading robots.

Gumball Protocol

Gumball Protocol is an innovative NFT Launchpad and AMM protocol.In Gumball Protocol, there will be a corresponding Token behind each NFT Collection and the assets of the target assets to the user to trade NFT in a timely manner.By the method of liquidity transactions that compose fragmented NFT assets with the target assets, Gumball Protcol supports users’ real -time trading needs for NFT transactions.

Source: https://www.gumball.fi/collections/arbi/0x794075D9BD7E5CFD0EA8A1E68493B7E0E23/buy

Gamefi Ecology

Beraatone

Beratone is an inspirational source of “Forest of Animals” and the core of Farming.Each player has his own land to support the player’s free customization and expansion of the land.Players can carry out activities such as crop planting, resource collection, raising animals and livestock, and trade with other farmers.Beratone is also a continuous development virtual world based on 3D aesthetic structure. In addition to basic planting and collection activities, players can also explore the rich virtual world, interact with various roles, complete tasks, upgrade, solve solveDifferent game fans have gradually unveiled the mystery of Beratone.

Beratone also released its creation of NFT Beratone Founder ’s SailCloth at 2024.1. The casting price is 0.1E. The current floor price is close to 1E, the total transaction volume is 355E, and the listing rate is only 3%.Although Beratone has not yet been released, the fiery performance of its NFT in the secondary market also reflects the market’s high expectations for BARATONE as the BAB incubation project.

Source: https://opensea.io/collection/beratone-Founders-sailCloth

Beramonium

Beramonium is an ARPG chain tour on BERACHAIN. They released an action role -playing game called Gemhunters.In this game, players can let their BERAMIUM Genesis BERAS explore the dungeon, challenge BOSS, and perform tasks to obtain gems. These gems can be exchanged for NFTs of other well -known BERACHAIN projects, such as Honey Combs, Beradoges and other NFTs.At present, the floor price of BERAMONIUM’s creation character NFT is about 0.06 ETH, the total transaction volume is 158 ETH, the listing rate is only 3%, and the overall game community is very active.

Source: https: //opensea.io/collection/beramonium-chronicleS- Genesisis

Meme

Babybera

BabyBera aims to be an ecosystem of NFT + YIELD FARD FARD FARDING + Meme Coin on the Berachain.BABYBERA will be released in three stages, first of all, NFT, followed by Yield Farming, and finally released by $ BBBBERA Meme Coin. All $ BBBBERA will be distributed as the liquidity mining award at the Yield Farming stage to ensure the Bebybera’s.Users are loyal Degen users with ultra -high viscosity to realize the vision of making $ BBBBERA as the premier Meme Coin on Berachain.

Beradoge

Beradoge is another big MEME project of Berachain.The project has two NFT sets, namely Beradoge Gen 1 and Mibidiots.The NFT holding these two series will be promised to be awarded “a lot of useless things” or “a lot of useless BDOGE”.In addition, there are rumors that Beradoge will also release a Defi platform by itself.

Source: https: //element.market/collections/beradoge-D51393

Node

At present, the official component is still one of the most important infrastructure of the Brachain ecosystem.In addition to the official components, the DEFI ecosystem on Berachain shows three different development trends:

(1) Supplement the long -tail market that cannot be touched around the official component;

(2) Innovation around the POL mechanism, BGT and bribery selection;

(3) There are also a large number of high -quality DEFI projects attracted to the POL mechanism and were sucked into the BERACHAIN ecosystem by the siphon;

Judging from the Defi ecosystem on the current BERACHAIN, as the official thought, after the official, the most basic but most important DEX, Lending, and PERPS components were made, and there were no longer a large number of homogeneous projects to continue to be repeatedly createdWheel, play vampire attack.On the contrary, the existence of official components forced the DEFI project to explore the actual innovation points, and to make a higher level of excellence on the basis of existing business.

At this stage, as far as the quality of the project is concerned, the quality of the BUILD A Bear incubator is relatively high, followed by the external high -quality project introduced by Berachain.The quality of the native community projects on BERACHAIN is slightly uneven, which is slightly inferior.

As mentioned earlier, because the public chain itself has its own NFT culture, the issuance and management platform and liquidity protocol for NFT will also be an extremely important part of BERACHAIN.

At present, games on BERACHAIN and MEME ecology are still in a very early stage of development.

Investment opportunity

Focus on high -quality DEFI protocols on BERACHAIN

Berachain’s POL mechanism will be greatly attractive to high -quality DEFI protocols.In addition, there are fewer vampire attacks on BERACHAIN. The high -quality leader DEFI protocol can enjoy larger traffic exposure on its sequential track. It is expected that higher TVL, traffic and user support will be expected.More concentrated liquidity will also further improve the experience of the agreement.We predict that on the Berachain, the leading effect will be more obvious, and the faucet of the track will also get a higher valuation premium.Therefore, early participating in the high -quality segmentation DEFI project must be the best choice to enjoy the BERAChain market premium.

Focus on the POL mechanism, BGT mechanism, and bribery mechanism around Berachain’s POL mechanism, BGT mechanism, and bribery mechanism

The biggest difference between BERAChain and other public chains is its innovative POL mechanism and three generations of currency models.In addition to re -engraving other public chains, there must be some projects on the Berachain’s adaptive innovation of the POL mechanism and the three -generation currency model as the underlying infrastructure level.The direction of innovation can not only follow Infrared, and transform the POL that the market users are not familiar with it into a more familiar POS, so that the liquidity voucher to the tokens issued by itself can be used in a larger scale.Or it can start from the BGT mechanism and the bribery mechanism, and to innovate around the user’s entrustment, income rights and bribery rights around the token model, combining BERACHAIN’s bribery mechanism to bring more combined gameplay.Innovation around the BERAChain POL mechanism and the infrastructure level of the three -generation currency model is expected to create an ecological protection city of the agreement and shape its own ecological barriers.

Optimistic to be able to combine NFT and DEFI NFTFI ecology

Unlike other public chains, NFT is also an important part of the liquidity on Berachain. How to release its liquidity around NFT and how to combine NFT gameplay with the DEFI gameplay on Berachain is one of the themes worth digging on Berachain.Although the NFTFI protocols of other chains have not produced too much sparks, the NFTFI protocol on the Berachain is expected to capture sufficient liquidity and have a better chance to achieve great development.The NFTFI protocol’s revenue strategy and income vault can also be combined with node bribery and other mechanisms to make the NFTFI protocol more flexible.

Optimistic

At this stage, the popularity of the Berachain test network also reflects the strong expectations of the market for BERACHAIN.With the launch of the BERACHAIN main network, under the blessing of the POL mechanism, BERACHAIN is expected to repeat the prosperous Ethereum DEFI Summer.Although BERACHAIN’s positioning is a high -performance L1 public chain, BERACHAIN also has scalability needs in the face of massive flow influx and high -frequency chain interaction.In addition, once Berachain starts its positive flywheel, the rise of BGT prices will also drive the improvement of BERACHAIN interactive GAS fees. Therefore, BERACHAIN also has the need to reduce costs and increase efficiency.In summary, we expect that some BERACHAIN super Defi applications and GAMEFI, SocialFi and other high -frequency interaction applications will develop their own L2 based on BERACHAIN for expansion.Based on this logic, we will continue to be optimistic and pay attention to the BERACHAIN L2 and its related infrastructure ecology.

Summarize

Liquidity has always been the most important topic in the encryption field.In the final analysis, all token, grants, and POINTS are ultimately to compete for users and liquidity.There is no liquidity as the foundation, and the complete ecology and infrastructure are just air tower.

Berachain is expected to become a breakthrough in the liquidity dilemma of the public chain. Through its original POL consensus mechanism and the three -generation currency model, the liquidity of other siphon chains has become the liquidity center of EVM ecology and COSMOS ecology.Consolidated liquidity can not only bring financial support to BERACHAIN, but also bring more developers, users and market attention to BERACHAIN.Berachain is expected to become a new infrastructure that carries the liquidity of Crypto, Make Liquidity, Maker Defi Great Again!

Reference

What is berachain ?? ⛓️ | Berachain Docs
WELCOME to Polaris Ethereum -Polaris Ethereum Docs (Berachain.Dev)
BERACHAIN - The Convergence of a Strong Community and Experimental Endeavors | Despream Reports
https://research.despream.io/reports-beichain/
Berachain -innovative the approach to l1 build | blockmates.
Berachain: Building Sticky Liquidity -by Pavel Paramonov (shoal.gg)
https://twitter.com/beract/status/174952252389570700?ref=research.despread.io
https://twitter.com/bursstingbagel/status/1565705660888596481
https://twitter.com/dylanxvFeth/status/1745176859728560131
https://www.shoal.gg/p/berance-building-sticky- liquidity
https://foreSightnews.pro/article/detail/31431
https://foreSightnews.pro/article/detail/54714
https://foreSightnews.pro/article/detail/52627