How to Prepare for Berachain: The Novel Proof-of-Liquidity Blockchain
Berachain's proof-of-liquidity blockchain is set to launch soon, following its evolution from an NFT project called Bit Bears. It operates on an EVM-identical layer-1 framework using a unique proof-of-liquidity consensus, which allows users to provide liquidity using BERA tokens in exchange for Bera Governance Tokens (BGT). Ahead of the launch, users can participate by providing liquidity to pre-deposit vaults, engaging in a pre-launch liquidity program called Boyco, and testing applications on Berachain's robust testnet. The pre-deposit vaults have seen over $2.1 billion in assets, while Boyco incentivizes early liquidity for protocols launching on Berachain. Furthermore, community projects are sprouting, with various NFT initiatives leading to the anticipated trading on platforms like Magic Eden. As the launch date approaches, no precise timeline has been released, but expectations are set around the recent Boyco launch.
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