Recently, Berachain, the rising star in the blockchain space, has made significant moves, including a collaborative NFT event with Binance Web 3 Wallet and collecting RFB reward applications from ecosystem projects. These activities signal that the TGE (Token Generation Event) date for Berachain is approaching. While many star blockchains face liquidity issues post-TGE, leading to their decline, Berachain’s innovative “Proof of Liquidity” consensus mechanism aims to tackle this challenge. Since its inception, this concept has garnered community interest and capital support, raising $140 million from various institutions. With the Berachain mainnet launch imminent, its ecosystem projects are set to emerge. This article briefly overviews some native projects in the Berachain ecosystem by WEEX.
Berachain Ecosystem Projects
Goldilocks
Goldilocks is a DeFi and NFTfi infrastructure built on Berachain. According to Rootdata, the project completed a $1.5 million funding round led by Hack VC and Shima Capital. The protocol mainly consists of Goldiswap and Goldilend. Goldiswap offers basic trading functionalities with a customized AMM, while Goldilend serves as an NFT lending platform that bases its NFT valuations on community governance rather than oracle feeds.
Honeypot Finance
Honeypot Finance has raised a total of $1.3 million through various funding rounds. The platform consists of DreamPad and HenloDEX. DreamPad operates under a Fair Token Offering (FTO) model, providing 100% of its tokens to the market without any reserves. HenloDEX is the built-in decentralized exchange (DEX) that offers limit order functionality, implementing mechanisms to counter sandwich attacks and reduce slippage.
Kodiak
Kodiak acts as the native liquidity hub for Berachain, featuring a testnet that supports swaps, liquidity pools (LP), and staking with Token KDK. The platform has completed over 100,000 interactions and 10,000 trades. Kodiak offers automated liquidity management through its “Islands” system, allowing users to customize their liquidity provision ranges.
Ooga Booga
Ooga Booga is a DEX aggregator on Berachain, currently integrating over ten liquidity sources. The protocol simplifies token approval processes using zaps to reduce trading friction and only charges fees when the bids from Bex and Kodiak are both lower than 0.15%.
Gummi
Gummi is a leveraged trading platform and claims to be the first modular money market on Berachain. It supports various asset formats and allows lenders to create isolated lending pools without permission, managing their risk exposure effectively. Users can leverage up to 100 times and participate in the ongoing testnet via an application.
Infrared Finance
Infrared Finance is a liquid staking protocol developed under the Build-a-Bera incubator, having raised $2.5 million in seed funding. It simplifies the process of obtaining BGT and BERA while addressing liquidity issues.
IVX
IVX is a native liquidity options protocol on Berachain, recently securing $1.2 million in seed funding. It supports the trading of BTC, ETH, SOL, and DOGE, including unique features like 0DTE options trading with leverage.
NFT Projects in Berachain Ecosystem
Bong Bears
Launched in August 2021 by Berachain’s founder, the Bong Bears NFT series consists of 100 Rebase NFTs, where previous holders receive airdrops of subsequent NFT generations.
Honey Comb
The Honey Jar is Berachain’s largest unofficial community, focusing on incubating ecosystem projects. Honey Comb is a welfare aggregator that simplifies access to community benefits through NFT ownership.
Beramarket
Beramarket serves as an NFT trading platform currently in closed testing, proposing the concept of Liquid-Backed NFTs to ensure market liquidity during extreme conditions.
Gamefi Projects in Berachain Ecosystem
Yeet
Yeet is a game on Berachain where players deposit BERA tokens into a prize pool, with mechanics reminiscent of Ponzi schemes. Players can earn Token Yeet rewards.
BeraTone
BeraTone is a multiplayer life simulation game supported by the Build-a-Bera incubator, where players can engage in farming and fishing activities.
Complete Airdrop Berachain Tasks
The Berachain project has yet to officially clarify the specifics of airdrop berachain medium eligibility, leaving the requirements somewhat ambiguous. At this point, it is uncertain who will be eligible for the airdrop or when the BERA tokens will be distributed. However, there is a strong belief that Berachain will conduct the airdrop based on user’s contributions to the network, meaning participation in Berachain’s testnet ecosystem will be essential.
Users can enhance their chances of earning BERA token rewards by completing various tasks. These tasks may include swapping BERA tokens for HONEY or other ecosystem tokens, adding BERA to liquidity pools, and engaging in lending and NFT minting, among others. There’s no need for users to assume financial risks, as Berachain utilizes a “faucet” system that enables participants to regularly claim BERA tokens. There are four distinct providers, each with its own payout and timing, such as the ability to claim one BERA token every three hours. Additionally, tasks related to the governance model may also qualify users for the Berachain airdrop, particularly those involving the delegation of BGT tokens to network validators.
What is Berachain? Proof of Liquidity Layer1
Berachain is built on the Polaris EVM, which serves as its core operating system for developing EVM-based applications within the Cosmos SDK. Polaris employs messaging to link the EVM with the Cosmos SDK, effectively separating block construction, processing, and storage from execution. Designed with a straightforward and easy-to-integrate API, Polaris aims to simplify the integration of EVM into applications, allowing developers to select components that best suit their needs and seamlessly incorporate the EVM environment into nearly any application.
Berachain has deep roots in the DeFi community, originating from a rebase NFT project known as Bong Bears. It was later co-launched by several DeFi veterans, quickly attracting a cohort of early DeFi investors. While it embraces grassroots culture, both its capabilities and financial backing indicate that it is far from a makeshift initiative.
Notably, from its origins with Bong Bears to the present-day Berachain, the focus on ‘liquidity’ has remained a key priority for the team when developing products. This emphasis on liquidity encompasses the design of strategies, game theory, and returns. Today, the criteria for assessing products have shifted from technical complexity to user profiles and engagement levels.
What is Berachian Three-Token Model?
Before exploring Berachain, it’s essential to understand its three-token model:
- Token BERA: Primarily used for on-chain gas fees and activating validator node staking.
- Token BGT: This governance token is soul-bound to the user’s account and cannot be transferred. Users can earn BGT by providing liquidity in Bex, lending Honey on Bend, and supplying Honey in Berps’ Vault.
- Token HONEY: A fully collateralized stablecoin pegged to the US dollar.
Know more details about Berachain’s Consensus Mechanism and Liquidity Model: Berachain Airdrop: The Next Layer1 Hotspot
Future Outlook for Berachain Airdrop
As the Berachain mainnet launch approaches, its ecosystem projects are poised for significant development. Investors should keep an eye on the Berachain airdrop and airdrop Berachain Medium to seize potential opportunities, as Berachain’s innovative mechanisms and projects offer a promising future in the blockchain space. Choosing the right platform is essential for maximizing returns when trading a promising token like BLUMUSDT and WXTUSDT. WEEX Exchange is recognized for its intuitive interface, top-notch security, and competitive fees, and it provides various advanced features that can improve your trading strategy. Keeping an eye on WEEX and WEEX Help, We will continue to post token airdrop event, ensuring you stay well-informed. Know more information about airdrops in following posts:
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