Project Description
Berachain is an EVM-compatible Layer 1 blockchain based on Cosmos-SDK. It is built using Polaris EVM, a modular stacking framework designed specifically for Berachain. Compared with traditional Layer 1 blockchains, Berachain has significant differences in its token model and consensus mechanism, as well as its unique ecosystem construction.
Financing
In 2023, Berachain completed a $42 million Series A financing led by Polychain Capital, with participation from Hack VC, Shima Capital, Robot Ventures, OKX, etc. This financing brought Berachain's valuation to approximately $420 million, providing financial support and market recognition for its future development. On April 12, 2024, Berachain won another $100 million Series B financing, and the project is currently valued at $1.5 billion.
Project Tokens
Berachain's token system includes three main tokens:
$BERA: Token used as gas fee.
$HONEY: Stablecoin on Berachain, used for transactions and storage of value.
$BGT: A governance token that is non-transferable and cannot be purchased, used by nodes to perform Proof of Liquidity (PoL). $BGT holders can earn rewards by providing liquidity to the ecosystem and participating in lending protocols, thereby increasing their influence in network governance.
Berachain V2 Upgrade
On June 13, Berachain V2 introduced the BeaconKit framework to improve the stability and security of the architecture and consensus mechanism. This version retains the original three-token model and PoL incentive mechanism, and supports a larger TVL (Total Value Locked) by increasing the number of validators and modular design. Berachain V2 also solves some performance bottlenecks in V1, including memory pool management and block space requirements, further improving the overall user experience and ecosystem collaboration.
Thanks for the upgrade. The previous version of the water collection has always been a big problem, so there has been no tutorial. Now this problem has been basically completely solved.
Normal interaction becomes very smooth and silky. This is also a must-do project in 2024. Let's hurry up and do it! Without further ado, let's start the tutorial~
Tutorial Start
Territorial waters
Receive testnet tokens (mainnet requires 0.001ETH balance)
Portal: https://bartio.faucet.berachain.com/
After coming in:
Fill in the ETH address
Click Drip
3. Successful water management
Swap Interaction
Portal: https://bartio.bex.berachain.com
After entering: 1. Connect the wallet 2. Click to add the test network
Click here to go to SWAP
After entering: 1. Enter the amount 2. Select STGUSDC 3. Click Preview 4. Click SWAP
SWAP Success
Minting HONEY Tokens
Portal: https://bartio.honey.berachain.com/#mint
After coming in:
Connect wallet
Select MINT
Enter amount
Click Approve
After the wallet completes the authorization
5. Click MINT, and the right picture will appear, indicating that MINT is successful.
Add HONEY - wBEAR liquidity
Portal: https://bartio.bex.berachain.com/add-liquidity/0xd28d852cbcc68dcec922f6d5c7a8185dbaa104b7
After coming in:
Connect wallet
Input quantity
Select BERA Token
Click Preview
5. Click Approve
6. Click Add
7. Added successfully
Stake HONEY
Portal: https://bartio.berps.berachain.com/vault
After coming in:
Connect wallet
Click Deposit
Enter amount
Click "Approve"
After the wallet completes the authorization:
Click Deposit
Pledge Success
Deposit Loan
Before depositing coins, let’s exchange some WETH
Portal: https://bartio.bex.berachain.com
After entering: 1. Select WETH or WBTC 2. Click Preview
After the exchange is completed, we come here to deposit coins
Portal: https://bartio.bend.berachain.com/dashboard
After coming in:
Connect wallet
Select the currency you saved (the one you exchanged in the previous step)
Then click Approve, and after the wallet confirms, click Deposit, and the deposit is successful.
Then we return to this interface and click Borrow
After entering 1. Enter the quantity 2. Click Brorrow
Then the loan is successful
Finally, we click here to receive some BGT, which will be used in the next step.
Proxy voting
Portal: https://bartio.station.berachain.com/delegate
After coming in:
Connect wallet
Click Delegate
Select any item
Enter amount
Click to vote
The voting is completed. All interactions are over here. If there are new interactions later, they will be updated in the document.
I wish you all get rich soon~
