The Berachain Network has ignited a wave of excitement with the launch of its Proof of Liquidity (PoL) system, propelling the BeraChain price to an intraday high of $8.25.
Trading at $8.04 at press time, BeraChain crypto has witnessed an impressive 38.2% surge over the past week, catapulting it into the top 100 by market cap, with a valuation of $864 million.
The Berachain Network PoL system
The BeraChain mainnet first roared to life in February with a $1.17 billion BeraChain airdrop, rewarding early participants who engaged in pre-launch activities.
That initial phase, however, was constrained to BEX, the native decentralized exchange, leaving room for broader growth.
Now, with the PoL system live, the Berachain Network is opening new doors that enhance the BeraChain TVL and incentivize participation.
Unlike traditional PoS, where users stake directly with validators, PoL encourages staking in DeFi liquidity pools to earn BGT, the governance token of the BeraChain ecosystem.
Validators stake BERA, the utility token of BeraChain, to secure the network and propose blocks, earning BGT that flows into reward vaults, which can be swapped for BERA at a 1:1 ratio, though irreversibly.
The BeraChain launch of PoL has unleashed 37 whitelisted reward vaults, initially focused on DEX liquidity pools like those on BEX, Kodiak, and Beradrome.
Replying to @berachain
37 new reward vaults are now live, distributing BGT emissions across the ecosystem.
See the full list here: blog.berachain.com/blog/berachain…
99
Reply
Copy link
These vaults, vetted for economic value, security, and synergy with the BeraChain ecosystem, pair major tokens such as BERA, HONEY, USDC, and wETH to maximize liquidity depth.
The Berachain token’s role in these pools has fueled trading activity, with a 24-hour volume of $165.9 million.
Beyond DEXes, the network plans to expand into real-world assets, gaming, and more, with a second batch of vaults up for review by March 27th.
This scalability positions the BeraChain mainnet as a hub for diverse dApps, from BeraChain swaps to potential BeraChain NFTs.
Notably, governance is a cornerstone of the PoL system, with BGT holders now wielding influence over the Berachain Network’s direction.
The BeraChain airdrop laid the foundation, but PoL decentralizes control, letting the community dictate incentive flows.
Validators supply liquidity to vaults, receiving receipt tokens that can also be staked, creating a self-reinforcing cycle.
This innovative approach has elevated the BeraChain crypto’s appeal, drawing builders and users eager to tap into a permissionless ecosystem.
As pseudonymous founder Homme Bera noted, this is a major step in the network’s evolution, promising sustainable growth.
Looking forward, the Berachain Network’s roadmap inspires confidence. The upcoming review of additional vaults next week could broaden its scope, potentially boosting the BeraChain price further.
With the PoL launch having already pushed BeraChain crypto into the top 100, it has ignited speculation about the effects of the next milestones.
The post BeraChain price jumps on proof of liquidity (PoL) system launch appeared first on Invezz
