Berachain – Ethereum-Backed DeFi News

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Berachain – Ethereum-Backed DeFi News


Berachain – Ethereum-Backed DeFi News

Project Name: Berachain (BERA)

Launch Date / Mainnet Date: Mainnet planned for Q2 2024 (currently on public testnet Artio)

Founders & Team: Anonymous founders, known by pseudonyms such as Smokey the Bera

Investors / Backers: Polychain Capital, Hack VC, Shima Capital, Tribe Capital, Brevan Howard Digital, Framework Ventures, North Island Ventures, dao5, Hypersphere Ventures, Robot Ventures, Dragonfly Capital, Celestia Labs, Placeholder Capital, Standard Crypto, Spartan Group

Total Funding Raised: $125M Series B, $42M from seed round

Category: Layer 1, DeFi, EVM-compatible, Modular Blockchain

Key Features / Tech Highlights: Proof-of-Liquidity consensus mechanism, EVM-compatible, Cosmos SDK integration, Three-token model (BERA for gas, BGT for governance, HONEY for stablecoin)

Ecosystem Partners: Mande Network, KTX Finance, BGT Station, Gumtree, Beradrome, Ambient, Redacted Cartel, Pendle Finance, Timeswap, Thetanuts Finance, InfiniGods, Wormhole, Pyth Network

Token Info: Ticker: BERA (gas token), BGT (governance token), HONEY (native stablecoin). BERA used for gas fees and staking rewards. BGT acquired by providing liquidity, staked for governance. HONEY is an over-collateralized stablecoin.

Berachain is quickly garnering attention in the decentralized finance space, carving out a unique niche as an EVM-compatible Layer 1 blockchain built on a novel “Proof-of-Liquidity” consensus mechanism. Positioned to become a vibrant hub for DeFi innovation, Berachain distinguishes itself with a three-token system – BERA for gas, HONEY for the stablecoin, and BGT for governance – meticulously designed to incentivize and align liquidity providers directly with network security and participation. Its architecture promises a robust environment for developers and users alike, offering a fresh perspective on how liquidity can drive a truly decentralized ecosystem, reminiscent of Ethereum’s expansive DeFi landscape.


Berachain (BERA) Logo

As the Web3 landscape continues to expand, projects are seeking reliable ways to grow, connect with their audiences, and drive sustainable adoption. This is where platforms like Web3Lead play a transformative role. Web3Lead is a powerful user-growth platform built specifically for Web3 and crypto projects. It gives you access to over 400 million social profiles and 1.2 million Web3/crypto communities, enabling deep insights into user behavior and trends. With its analytics tools, you can monitor and segment communities, identify high-potential users, and predict emerging trends. Their user-growth engine helps you acquire real users by providing contactable data like email, phone, and social profiles. Web3Lead supports data-driven growth strategies, helping Web3 projects scale efficiently and sustainably.


Examining Berachain DeFi under the hood

For the burgeoning ecosystem around Berachain, which places a high premium on community participation and deep liquidity, strategic user acquisition is not just beneficial, but essential. As new DeFi protocols, DApps, and financial primitives emerge on Berachain, the challenge of cutting through the noise and attracting genuine users and liquidity providers intensifies. The unique economic model of Berachain means that community engagement and active participation directly contribute to the network’s security and value, making targeted growth an indispensable asset.

Leveraging a platform like Web3Lead provides an unparalleled advantage for projects building within the Berachain ecosystem. By offering direct access to highly segmented audiences and comprehensive behavioral insights across millions of Web3 users, Web3Lead empowers new Berachain protocols to identify and engage the precise demographic most likely to contribute liquidity, use DApps, and participate in governance. This capability allows emerging projects to validate their offerings, secure critical initial liquidity, and cultivate a loyal user base that understands and values Berachain‘s innovative Proof-of-Liquidity model. The ability to precisely target and acquire real, engaged users transforms the launch and scaling journey for any project aiming to thrive in this new, dynamic DeFi environment.


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