something something chain something KOL chain something pump mah bags
nice memes, fun people, but another one in the rigged game0All I can tell you is you need To act and sound like an animal (bear ,monkey) and talk like a todler ( ooga booga is their national anthem) if you want to be part of that clan. On the tech side - who knows! There haven’t been any shortage projects claiming to solve crypto issues with non-existent tech and big talks. If they are planning to solve liquidity by incentivising LP via token issuance, how is that a real solution and any different from the FED printing dollars to keep the economy going?
0On a more serious note: they try to solve the liquidity problem that other public chains have.
Liquidity is often pushed by e.g. token incentives. When these stop, Liquidity typically moves elsewhere.
Berachain wants to reward all Liquidity Providers with their native token, therefore having an "always on" Liquidity Provider incentives - hence PoL (proof of Liquidity)
1Launched in 2024, built using Cosmos SDK, aims to address shortcomings in liquidity and security for DeFi applications. EVM compatible. Proof-of-Liquidity consensus mechanism with the following token system: BERA for gas, Honey (stablecoin), BGT (governance).
3According to the website it involves bears wearing Hawaiian shirts and apparently it goes "up only"
¯_(ツ)_/¯
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