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How to Participate in Berachain NFT Giveaway with Binance Web3 Wallet?

How to Participate in Berachain NFT Giveaway with Binance Web3 Wallet?

2024-09-25 17:24
Binance Web3 Wallet is collaborating with Berachain to give away an exclusive NFT.

How to Participate in Berachain NFT Giveaway?

1. Create a Binance Web3 Wallet
Please refer to How to create your Binance Web3 Wallet. You may skip this step if you already have a backed-up Binance Web3 Wallet.
2. How to mint your NFT with Binance Web3 Wallet?
  • Go to the Binance Bear Campaign page and connect your wallet:
  • Once you connect your wallet, click [Claim] to claim your NFT.
3. How to view your NFT after mint?
  • To see your NFT after mint:
  • Type in your wallet address in the search bar.
  • Scroll to the right side under transaction history and click on [ERC721 Token Txns]. Then select the latest transaction you have approved.

How will this NFT boost your future rewards?

Please note: Simply owning this NFT without interacting with any dApps on Berachain testnet does not guarantee a user to receive future rewards.
Let’s dive into dApps on Berachain.
Click each topic below to learn more:

Get BERA from Faucet

The Berachain Testnet Faucet is a tool that easily allows for developers to gain access to Testnet Tokens in the form of BERA (sometimes referred to tBERA) for Berachain's Testnet at no cost. The recipient is required to have at least 0.001 ETH on Ethereum mainnet to use the faucet. This is a measure to prevent abuse of the faucet.
  • Go to the Berachain Testnet Faucet site:
  • Make sure you have a minimum of 0.001 ETH on Ethereum Mainnet in your wallet to be able to use the faucet. Faucet is limited to one drip every 8 hours per IP address.
  • Type in your Binance BERA wallet address then click [Drip Tokens].

Swap tokens and provide liquidity in BEX

Berachain's native decentralized exchange (DEX) is called BEX, which allows for trading of any arbitrary pair of crypto assets via swapping and providing liquidity into liquidity pools.
In addition, pools in BEX can be upgraded to Proof-of-Liquidity Reward Vaults via governance to become eligible for BGT emissions and incentivization.

To participate:
1. Go to the Berachain Swap page:
2. Connect to your Binance Web3 Wallet.
3. Select the tokens you wish to swap, click [Preview], then click [Swap] - [Confirm].
4. You can swap your BERA tokens to HONEY or WETH.
To add liquidity to HONEY-WETH pool to receive LP tokens (Liquidity Provider token is a type of token that represents a share of the liquidity pool):
1. Make sure you have a proportional amount of HONEY and WETH to add liquidity into the pool. Go to the menu button then click [View Pools].
2. Enter the amount of liquidity you want to add, then click [Add Liquidity] - [Confirm].
3. Go back to the main BEX page and click on [My Pools] to see your LP tokens.

Redeem HONEY for stables

HONEY is a fully collateralized stablecoin which is soft-pegged to the US Dollar. HONEY can be backed by (and minted from) a diverse range of crypto collateral.

To mint HONEY:
1. Go to HONEY on Berachain and connect your wallet:
2. Redeem the HONEY you swapped on BEX for stables by clicking [Redeem]. Approve the amount and click [Confirm].
3. Once you finish the swap, you will be able to see your stable in your wallet.

Provide HONEY in Berps to earn bHONEY

Berachain Berps is a decentralized leveraged trading platform which allows for perpetual futures contract trading.
Berachain's native stablecoin HONEY, serves as the base token for all trading collateral, payouts, and deposits. Users can passively earn by providing trading liquidity in the bHONEY vault. Vault depositors earn trading fees generated from Berps and serve as the counterparty to traders' positions.
In addition, the vault in Berps is an implementation of Proof-of-Liquidity Reward Vaults which allows stakers that deposit into the Reward Vault to become eligible to receive BGT emissions. This interaction demonstrates how PoL can incentivize users to take a variety of liquidity actions with dApps.

To participate:
1. Go to Berps and connect your wallet:
2. Once your wallet is connected, your wallet address should display on the top right corner. Next to it, click on the menu dropdown and click [Vault].
3. Scroll down until you see the 'Deposit Honey' section.
4. To deposit HONEY to the vault to receive bHONEY, enter the amount and click [Approve HONEY] - [Confirm]. Then click [Deposit Honey] - [Confirm].

Lend liquidity on Bend

Bend is Berachain's non-custodial lending protocol. Lenders participate by depositing stablecoins to earn transaction fees when users borrow their tokens. Meanwhile, borrowers can deposit crypto collateral (e.g. wBTC) to access these stablecoins whilst maintaining exposure to their collateral assets.
Berachain's native stablecoin HONEY, serves as the primary and exclusive token available for borrowing.
In addition, Bend is an implementation of Proof-of-Liquidity Reward Vaults which allows borrowers to become eligible to receive BGT emissions. It also demonstrates how PoL can incentivize users to take different types of liquidity actions with dApps.
To participate:
1. Go to Bend and connect your wallet:
2. After you connect your wallet, click [Borrow Honey] then scroll down to the 'WETH Deposit' section.
3. Deposit the WETH you have as collateral. Depositing collaterals into BEND will qualify you to borrow HONEY.
4. Scroll down to the 'Borrow Honey' section, then click [Borrow]. Then input the amount of HONEY you want to borrow and click [Confirm].
5. You can view how much BGT you are earning on the main page, under the 'Your BGT Rewards' section.

Stake in BGT Station

BGT Station is the place to manage all things BGT.
Users can expect to:
  • Review active reward vaults
  • Review active validator set
  • Delegate or unbond BGT with validators
  • Redeem BGT for BERA
  • Claim earned BGT rewards
To participate:
1. Go to BGT Station on Berachain and connect your wallet:
2. Scroll down and click [BHONEY] - [Approve bHONEY] - [Confirm].