【Project Introduction】
Berachain is a unique EVM public chain project that uses an innovative Proof of Liquidity consensus mechanism and is built on the Cosmos SDK platform based on the Polaris EVM framework. Polaris EVM is tailored specifically for Berachain and provides a modular stack architecture. Unlike general Layer 1 blockchain platforms, Berachain is unique in its token design, consensus model, and ecosystem construction.
The Proof of Liquidity (PoL) mechanism requires users to deposit blue-chip tokens (such as BTC, ETH, etc.) into Berachain's native decentralized exchange BEX, in order to obtain the network's governance tokens as a liquidity provider LP. BGT not only bears the responsibility of verifying on-chain nodes, but also has voting governance capabilities. Users can vote through $BGT to decide various governance matters, such as the distribution of token rewards in the LP pool. This mechanism effectively combines liquidity with on-chain governance, thereby promoting the health and activity of the entire network.