Original Title: "Berachain Mainnet is about to go live, a glimpse of the ecological highlights and star projects"

Source: Pzai, Foresight News

On February 4th, Berachain officially announced that it will be launched on Mainnet on February 6th, which quickly sparked widespread attention and discussion in the market. This article analyzes the previous activities and the future Mainnet ecosystem from the perspective of Bera, providing an overview of Bera's territory.

Activity Retrospective

As a liquidity public chain, the accumulation of liquidity requires certain preparatory work. Previously, Berachain launched the Boyco Mainnet liquidity pre-staking activity, which allows users to pre-stake liquidity to the Berachain ecosystem DeFi protocol on Ethereum through partnerships with Ethena, Etherfi, Lombard, and other protocols. The activity has attracted over 3.1 billion US dollars in assets, which will be transferred to the Boyco dApp after the Mainnet goes live.

As for the airdrop share, 2% of BERA will be allocated to all liquidity pools, and users can earn APY returns from the liquidity. Airdrops can also be expected to be distributed in the ecosystem projects.

In addition to the Boyco Mainnet liquidity pre-storage activity, Berachain has attracted a large number of developers and users to participate in testnet interaction through its EVM-compatible features. Users accumulate on-chain interaction records by trading in DEXs (such as BERA to STGUSDC), minting stablecoin HONEY, participating in liquidity mining and lending protocols, and other tasks.

Since the launch of the second testnet v2 Bartio in June 2024, the number of Berachain addresses has surged from 6.4 million to 240 million, with a peak of 7 million daily active addresses, attracting over 270 ecological projects to participate.

Based on the completion of NFT tasks on platforms such as Galxe, it is expected that contributors to the testnet will receive 2%-5% of the total token supply. Early NFT holders (such as the Bong Bears series) may have a higher weightage.

Ecological Outlook

The core competitiveness of Berachain Mainnet lies in its Proof-of-Liquidity (PoL) consensus mechanism and three-token economic model (BERA, HONEY, BGT, etc.). Among them, BGT is the core token of the Berachain ecosystem, which is mainly used to incentivize liquidity providers and validators. Users earn BGT by providing liquidity in Berachain's native DeFi applications. BERA and HONEY assume the functions of network transaction fees and stablecoins, respectively, ensuring the diversity and utility of the ecosystem. The PoL mechanism closely integrates liquidity provision and network verification, avoiding the problem of liquidity decentralization in traditional PoS networks. Validators have the right to vote on the reward distribution of the liquidity pool, further enhancing the incentives for liquidity providers.

In the ecosystem, liquidity providers can get BGT token rewards by providing liquidity to protocols within the ecosystem. Validators can participate in network validation by staking BGT tokens and receive block rewards and transaction fee sharing. Applications built on the Berachain network can enhance the rewards of their own liquidity pools by incentivizing liquidity providers.

As the native DEX of Berachain, Kodiak not only supports Uniswap V3-style Concentrated Liquidity Automated Market Making (CLAMM), but also has developed the 'Island' feature to optimize returns by dynamically adjusting liquidity ranges and standardizing LP tokens to be compatible with other protocols (such as Infrared's liquidity staking). Users providing liquidity through CLAMM pools can earn BGT rewards and delegate BGT to Kodiak's operator validator nodes, forming a compound strategy of liquidity mining and governance rewards. The project has accumulated over 100,000 interactions in the testnet phase and will launch the 'Panda Factory' no-code token issuance tool to further lower the barrier to project initiation.

As a borrowing and lending protocol on Berachain, Dolomite allows users to amplify their liquidity mining earnings up to 5 times by staking BGT as collateral. It also allows users to hedge market volatility while amplifying their earnings, creating a sustainable leveraged mining ecosystem. Additionally, the platform will distribute 20% of the DOLO tokens through airdrops to long-term borrowing and lending users and community contributors, enhancing governance participation through the veDOLO lock-up mechanism.

As a liquidity staking protocol on Berachain, Infrared Finance allows users to convert BGT into the tradable iBGT token. Users can stake it to earn node rewards or invest in other DeFi protocols, such as the iBGT/BERA pool on Kodiak, to unlock liquidity and maximize profits from BGT. As the protocol with the highest delegated amount of BGT on the testnet, Infrared uses node operating income to repurchase and burn the governance token IRED, creating a deflationary model.

Berps (Berachain Perpetuals) as a native perpetual contract platform, Berps uses HONEY stablecoin as margin, combined with BEX's deep liquidity under the PoL mechanism, reducing trading friction through dynamic price oracles, supporting leverage of up to 100 times. The project also adopts batch order processing (Batch-A2MM) and off-chain matching solutions to avoid sandwich attacks and improve the trading experience of retail users.

Honeypot Finance, as the core DeFi protocol of Berachain, provides full-cycle token services. The project includes three sub-protocols:

Henlo DEX: An MEV-resistant DEX that supports limit orders and batch trading, reducing slippage through liquidity aggregation. Dreampad: A launchpad that uses a fair distribution (FTO) model, with 100% of project tokens sold to the market without team reservations. Pot2Pump: A meme coin issuance platform that is resistant to bots, supporting a 24-hour refund mechanism to reduce fraud risk.

The project repurchases and destroys HPOT tokens through node operation income, while distributing rewards to BGT trustees, forming a governance flywheel and value capture loop.

Conclusion

Berachain reconstructs the alliance of validators, developers, and users through liquidity proof, and its economic model directly links on-chain activities with token value. After the Mainnet goes live, if core protocols like Boyco can continue to attract external capital, Berachain may become the first public chain to achieve 'liquidity is security,' injecting a new narrative into the Layer 1 race. However, challenges also exist - how to balance the risk of centralized governance of BGT and maintain the stability of HONEY will be the key to the long-term health of the ecosystem.

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