Berachain rolls out next phase of proof-of-liquidity system

Berachain rolls out the next phase of his proof-of-liquidity system and expands the board and emissions outside his native Bex-Pools.

Until now, only Berachain’s (Bera) native exchange, Bex, was used to distribute rewards. According to the Berachain official, other decentralized applications can request incentives via new reward lockers. announcementNt. This will help them expand by pulling liquidity.

Liquidity pools of multiple decentralized financial platforms are included in the first set of safes, with more added later. This has opened a more transparent system where users have more control over how incentives are assigned and projects compete for rewards.

With Berachain’s POL model, ACTIVA remains active in Defi, in contrast to traditional block-of-stake block chains, where users lock tokens for security. Network activity is limited in POS systems because set tokens are often not available for loans or trade.

The system used by Berachain ensures that Validators send some benefits to the network instead of keeping them. Applications that stimulate the activity on the blockchain and help with its growth receive these rewards. Governance, BGT, gives holders the opportunity to vote on which validators and projects receive support, which determines how these rewards are distributed.

The first approved safes focus on Dex -Liquidity pools, with which users can easily trade from tokens. These Polish were selected on the basis of their liquidity, security and interest for the network. Liquidity savings on Bex, Kodiak, Beradrome and other protocols with important assets such as Bera, Honey and BGT, as well as large stablecoins, are among the first approved safes.

Berachain has grown rapidly since the launch of his mainnet on 6 February. The platform has now locked $ 3.1 billion in total value and almost $ 1 billion in circulating stabilecoins. The trade volume alone in February was $ 1.9 billion, according to Defillama facts.

After the launch, Bera reached a record high of $ 18.82 before he dropped to his current reach of $ 6.03- $ 6.93. The network has a fully diluted volume of $ 3.37 and a market capitalization of $ 728 million from 24 March. The new board initiative is expected to attract more users and contribute to the further growth of the blockchain.