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Berachain releases white paper, will replace incentive mechanism with PoL mechanism and adopt dual token model

Berachain releases white paper, will replace incentive mechanism with PoL mechanism and adopt dual token model

CointimeCointime2025/02/04 02:22
By:Cointime

Berachain Foundation has released a white paper and launched a new EVM-compatible Layer 1 public chain. The white paper provides detailed information on its innovative Proof of Liquidity (PoL) mechanism, which directly links validator rewards to network application demand. The economic model adopts a dual token design: BERA is used for staking and trading, while BGT serves as a non-transferable governance token. The BGT Foundation will adopt a three-stage governance plan, gradually transitioning from the initial BeraSwap reward pool to fully decentralized governance.

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