With the crypto market feeling a little stagnant lately, Bitcoin hovering, altcoins like Solana consolidating... I’ve been casually browsing forums and exchange dashboards to see what’s buzzing. With DeFi lately, there's been buzz around new consensus mechanisms that might impact liquidity and trading dynamics.
Reading through my timeline on X, i came across Berachain recently, and I'm curious to get your thoughts. It Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain which originally kicked off as an NFT project called Bong Bears.
One thing i believe they did different is the Proof-of-Liquidity (PoL) consensus mechanism which rewards liquidity providers keeping the ecosystem fluid and vibrant. The system uses three tokens: BERA for gas fees, BGT for governance, and HONEY as a stablecoin.
the community is abuzz after the anoucement of the listing on tier 1 CEXs like Bitget and others... It will be interesting to keep an eye on it.
What are your thoughts on the future BERA