Difference between revisions of "Berachain (BERA)"
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*Started in / Announced on: | *Started in / Announced on: | ||
*[[Testnet]] release: | *[[Testnet]] release: | ||
*[[Mainnet]] release: | *[[Mainnet]] release: set to launch its mainnet in the second quarter of 2024 (3-2024) | ||
==History== | ==History== | ||
==Audits & Exploits== | ==Audits & Exploits== | ||
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*Full team can be found [here]. | *Full team can be found [here]. | ||
===Funding=== | ===Funding=== | ||
[https://twitter.com/TheBlock__/status/1768482396960104645 Raised] $69M in a fund round led by Brevan Howard Digital and [[Framework Ventures]]. Last year, Berachain raised $42 million in a private token round led by [[Polychain Capital]], with participants including Hack VC, [[Shima Capital]], [[Robot Ventures]] and Goldentree Asset Management. | |||
===Partners=== | ===Partners=== | ||
==(:== | ==(:== | ||
Revision as of 08:11, 18 March 2024
Berachain is an EVM-compatible layer one blockchain, built using the Cosmos SDK, and secured by the Proof-of-Liquidity Consensus Protocol.
Basics
- Based in:
- Started in / Announced on:
- Testnet release:
- Mainnet release: set to launch its mainnet in the second quarter of 2024 (3-2024)
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
Utility
- From their docs (9-9-2022):
"The system's economics are tied together through a tri-token structure:
- Bera is the chain’s native gas token.
- Honey is a USD stablecoin used as a medium of exchange throughout the system, that is minted in part through overcollateralized lending.
- Bera Governance Token (BGT) is minted to Berachain’s most long-term aligned users and protocols, who are responsible for the control and operation of the blockchain, and who are held to account."
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found here.
- Code can be viewed here.
Implementations
- Consensus mechanism: Proof-of-Liquidity (POL)
- Algorithm: Cosmos SDK / Tendermint
- Virtual Machine: EVM
- Development language:
Transaction Details
How it works
- From their docs (9-9-2022):
"Berachain is an EVM-compatible layer one blockchain, built using the Cosmos SDK, and secured by the novel Proof-of-Liquidity Consensus Protocol. Proof-of-Liquidity (POL), as an extension of Delegated Proof-of-Stake (dPOS), is facilitated by users staking assets to secure the chain, in return for rewards. However, unlike dPOS, Proof-of Liquidity enables users' staked assets to be put to productive use by providing liquidity as a common good. This liquidity is routed through a concentrated liquidity virtualized AMM, and a perpetual exchange, allowing for best-in-class capital efficiency. "
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Raised $69M in a fund round led by Brevan Howard Digital and Framework Ventures. Last year, Berachain raised $42 million in a private token round led by Polychain Capital, with participants including Hack VC, Shima Capital, Robot Ventures and Goldentree Asset Management.
Partners
(:
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