#空投零噜分享

Introduction to BeraPaw:

BeraPaw is a liquidity staking protocol built on the Proof of Liquidity (PoL) consensus model of Berachain, designed to improve interactions between users, protocols, and validators.

Background and Challenges

Berachain's PoL consensus mechanism addresses the issue of liquidity shortage in traditional proof-of-stake (PoS) networks by bringing liquidity into the consensus layer (liberating the liquidity originally staked to secure the blockchain and putting it into the ecological projects of the blockchain). However, BeraPaw believes that this innovation also brings some challenges:

Concentration of validation power: Early adopters and participants with large capital may concentrate validation power, creating barriers to entry and hindering the participation of new entrants.

Unequal governance power: The governance power of validators may affect protocol decisions, especially during the whitelisting process for the issuance of BGT (Berachain's block reward token), potentially preventing end users from fully benefiting from new technological advancements.

BeraPaw's Solutions

To address the above challenges, BeraPaw proposes the following solutions:

Introducing transferable liquidity staking tokens $LBGT: By wrapping BGT into a transferable liquidity staking token $LBGT, part of the governance power can be bought or lent, thus achieving a balance between fully non-transferable and fully transferable.

Launch governance token $PAW: $PAW is the governance token of BeraPaw, allowing holders to participate in protocol governance by staking $PAW, determining the delegation structure of BGT, and being entitled to rewards generated by BeraPaw's treasury.

Protocol Structure

The protocol structure of BeraPaw includes the following key components:

$LBGT (Liquid Bera Governance Token): Each $LBGT is supported by BGT at a 1:1 ratio, and holders can receive block rewards, on-chain voting rights, and can burn it in exchange for BERA.

$PAW: As the governance token of BeraPaw, $PAW holders can stake tokens to participate in governance, determine the delegation structure of BGT, and are entitled to treasury rewards.

PAW Staker: $PAW holders participate in BeraPaw's governance by staking tokens, determining the delegation structure of BGT, and are entitled to treasury rewards.

Tutorial starts

Exchange for some PAW

Portal: https://app.oogabooga.io/

After entering:

  1. Connect Wallet

  2. Select Bera and enter any amount

  3. Select PAW

  4. Click SWAP and complete the signature in your wallet

  1. Select Bera and enter any amount

  2. Select Honey

  3. Click SWAP and complete the signature in your wallet

Add liquidity

Portal: https://bartio.bex.berachain.com/pool/0xa51afaf359d044f8e56fe74b9575f23142cd4b76

After entering, link your wallet in the upper right corner, then click ADD

  1. Enter any amount (leave some PAW for future use)

  2. Click Preview

  3. Click Approve and complete the signature in your wallet, then click Add Liquidity and complete the signature in your wallet

Stake liquidity

Portal: https://bartio.station.berachain.com/gauge/0x1992b26E2617928966B4F8e8eeCF41C6e7A77010

After entering:

  1. Link Wallet

  2. Enter any staking amount

  3. Click Deposit and complete the signature in your wallet

Mint LBGT

Portal: https://berapaw.com/gauges

After entering:

  1. Link Wallet

  2. Here is the liquidity we just staked, check the small box on the left

  3. Click here to mint the BGT generated from our staking into LBGT

  4. Or click here to enable automatic conversion, then this part of the output BGT will automatically turn into LBGT

  5. After enabling automatic conversion, come back here after a while and click Claim

Stake PAW

  1. Click Pawstation

  2. Enter any amount

  3. Click Stake and complete the signature in your wallet

Delegate sPAW

We click on the Validators above

Select any treasury you want to delegate and click Delegate

After entering, enter any amount above

Click the Delegate button below and complete the signature in your wallet

Burn LBGT

  1. Click Redeem

  2. Enter any amount

  3. Click Redeem and complete the signature in your wallet

Once this step is done, the interactions on the testnet will be complete. If you believe in this project, you can repeat the interactions multiple times.

Obtain Discord Role

Currently, there are two roles that can be easily obtained

We go to BeraPaw's DC

Switch to the show-your-paw above to send paw print images of small animals around you, and after waiting for review, you can obtain the 'Pawling' role

Switch to the proof-of-liquidity below to send your 'water' nearby, such as coffee or milk tea, and after waiting for review, you can obtain the 'Liquid' role.