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Berachain (berachain.com/) is a DeFi-focused, EVM-compatible, L1 blockchain built on the Cosmos SDK, running on Proof of Liquidity consensus, and EVM-compatible. The project's goal is to allow users to stake tokens while simultaneously providing liquidity to DeFi protocols. Berachain has a three-token system consisting of bera (native gas token), honey (native stable token) and BGT (non-transferable Bera Governance Token).
Berachain is an upcoming DeFi protocol, but it strives to be more than what the community has come to expect. While it has the support of a community built through previous projects launched on its NFTs platform, it has now established some features that differentiate it from the usual DeFi protocol we see in the ecosystem.
One of the main killer features of Berachain is its innovative approach to solving the problem of fractional liquidity. Fractional liquidity occurs when liquidity is fragmented across multiple assets; the liquidity pool dries up and becomes liquidity debt. The project's approach is very unique. Instead of adopting the usual approach that other blockchains use,
Investments:
Berachain has raised (cryptorank.io/ico/berachain#funding-rounds) $142M in two rounds led by Polychain Capital, Framework Ventures and Brevan Howard Digital.
Thoughts:
If Berachain takes off, it could be one of the most explosive ecosystems we've seen in quite a while. Thus, it is very important to be prepared to capitalize on such opportunity, should it arise, and actively seeking out such projects in the early stages will undoubtedly be beneficial.
Berachain has a robust and efficient system backed by a strong and dedicated community. This is supported by innovative technologies such as the three-token system and proof of liquidity that underpin the network.
Enticing rewards await testnet participants making participation in testing even more attractive.
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