Berachain will launch the "Liquidity Proof" system today
Odaily News Berachain announced that it will officially launch the "Proof-of-Liquidity" (PoL) system today, marking the start of the first phase of on-chain governance.
The PoL system aims to distribute Berachain's governance token BGT in a decentralized manner by incentivizing users to provide DeFi liquidity to Berachain. Unlike the traditional PoS model, users can pledge their assets to a designated liquidity pool to obtain non-transferable BGT for participation in governance and reward distribution. Validators rely on user-delegated BGT to enhance their consensus influence, and network security is thus deeply bound to ecological liquidity.
Currently, PoL will be deployed from some DEX liquidity pools and will be expanded to more reward vaults in the future. As of the launch of the mainnet, Berachain has accumulated a total locked amount of more than 3 billion US dollars through its Boyco liquidity platform, and the relevant funds will be allocated to the PoL stage.
