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Berachain Protocol Overview

Berachain Protocol is an EVM Identicial blockchain which aims to be one of the most efficient EVMs when it comes liquidity by utilizing a Proof-of-Liquidity consensus mechanism.

Consensus Layer

The Berachain Protocol is built on top of BeaconKit, which leverages CometBFT to separate the consensus layer, and tailor it to support Eth Execution clients.

Berachain/ Beaconkit Consensus

The main role of the consensus client (BeaconKit) is to reach consensus on block data coming from the Eth Execution client via Engine API.

Execution Layer

Berachain leverages existing Eth Execution clients to plug into a rich EVM ecosystem of researchers and tooling.

This means that any ETH Execution client (Geth, Reth, etc) can be used out of the box, without any modification and paired with BeaconKit.

Tokens

Berachain uses 3 main tokens that are native to the chain.

$BERA

The main gas token of Berachain protocol, which also acts as a validator's activation bond (x $BERA decided via governance needs to staked to become an "active" validator ).

$BGT

Berachain Governance Token $BGT is the native governance token that is typically rewarded to direct delegators and specific liquidity providers (LPs), through pools, when a validator proposes a new block, is awarded some $BGT, and distributes that $BGT to specific delegators and liquidity pools.

$BGT is non-transferable, can only be awarded through validators, can be staked with validators, used in governance proposals, and can be burned for $BERA - the native Berachain gas token.

See $BGT to learn more.

$HONEY

Berachain's native stablecoin that is canonical token used for most Berachain Native dApps.

See $HONEY to learn more.

Berachain DApps

Berachain has a series of native dApps (BEX, Berps, and Bend) that are implementations of the PoL framework of PoL Gauges where users can provide liquidity and become elligible to receive $BGT emissions.

  • Bex: Berachain's native decentralized exchange.
  • Bend: Berachain's native lending and borrowing exchange.
  • Berps: Berachain's native perpetual protocol (perps) implementation.
  • Honey Swap: Berachain's native swap for $HONEY stablecoin for stables.
  • BGT Station: Berachain's native DApp for managing your $BGT rewards.
  • Beratrail: Berachain's native block explorer.
  • Faucet: Berachain's native faucet for $BERA (gas token).