How Berachain’s leaning into ‘what the market is currently validating’
The post How Berachain’s leaning into ‘what the market is currently validating’ appeared on BitcoinEthereumNews.com. This is a segment from the Empire newsletter. To read full editions, subscribe. I had a chance to catch up with Smokey the Bera, and there’s a few things I want to chat about this morning. The first is the tokenomics upgrade that just happened with BERA, which Smokey explained is designed to make BERA “more, I’d say, easy to use for people in terms of just thinking, ‘Okay, I’m someone who is not deep in the weeds, how do I take BERA and do something productive with it?’” But let me back up — the upgrade basically takes BERA from a token simply used for both staking and gas, and gives it the ability to potentially become a revenue-generating asset. Right now: Berachain has BERA and BGT. “The underlying change that we’ve put forward…is that now a portion of those incentives that were typically flowing towards BGT from the ecosystem projects will actually go towards buying back BERA, and people who choose to stake their BERA will effectively be able to earn their yield from those buybacks effectively. So right now, 100% of all the incentives in the network flow towards BGT, and it will actually be sort of a 33% split flow towards people who are staking their BERA,” he noted. “It’s somewhere between value redistribution and approachability of the asset as a whole. And I think that what that also means is that there are many more applications within the ecosystem that can now do everything — from stockpiling BERA for their treasuries, to sort of building yield loops around BERA to basically using that as the base asset.” Berachain launched its mainnet earlier this year, and its token hit a $1 billion market cap. However, the BERA chart in the past three months is on a…
The post How Berachain’s leaning into ‘what the market is currently validating’ appeared on BitcoinEthereumNews.com.
This is a segment from the Empire newsletter. To read full editions, subscribe. I had a chance to catch up with Smokey the Bera, and there’s a few things I want to chat about this morning. The first is the tokenomics upgrade that just happened with BERA, which Smokey explained is designed to make BERA “more, I’d say, easy to use for people in terms of just thinking, ‘Okay, I’m someone who is not deep in the weeds, how do I take BERA and do something productive with it?’” But let me back up — the upgrade basically takes BERA from a token simply used for both staking and gas, and gives it the ability to potentially become a revenue-generating asset. Right now: Berachain has BERA and BGT. “The underlying change that we’ve put forward…is that now a portion of those incentives that were typically flowing towards BGT from the ecosystem projects will actually go towards buying back BERA, and people who choose to stake their BERA will effectively be able to earn their yield from those buybacks effectively. So right now, 100% of all the incentives in the network flow towards BGT, and it will actually be sort of a 33% split flow towards people who are staking their BERA,” he noted. “It’s somewhere between value redistribution and approachability of the asset as a whole. And I think that what that also means is that there are many more applications within the ecosystem that can now do everything — from stockpiling BERA for their treasuries, to sort of building yield loops around BERA to basically using that as the base asset.” Berachain launched its mainnet earlier this year, and its token hit a $1 billion market cap. However, the BERA chart in the past three months is on a…
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