Berachain (BERA)

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)

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Utility

• From their docs (9-9-2022):

"The system's economics are tied together through a tri-token structure:

1. Bera is the chain’s native gas token.
2. Honey is a USD stablecoin used as a medium of exchange throughout the system, that is minted in part through overcollateralized lending.
3. 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."

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

• Capacity (TPS):
• Latency:

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. "

Roadmap

• Can be found [Insert link here].

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.

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