BERA WEEKLY RECAP - HOLD TIGHT 🍯
It's been one helluva week in crypto and Berachain has been at the centre of everything, where do we even start! oh, I know...
Watch this... 👇 🧵
1️⃣ Pot luvs @berabaddies
Baddies saved the entire crypto market - nothing moar needs to be said
Now let's take a lil step back from there 🔙
2️⃣ So, Boyco finally unlocked & saw $BERA bottom out
Grifters gone ✅
Airdrop Farmers gone ✅
Useless TVL gone ✅
What's left? Everything gud about Berachain and the beras needed to usher in a new era of PoL
4️⃣ With that came the foundations of PoL V1.1.
changes to the current mechanisms from the brains trust. Positive steps towards a better BERA for everyone.
Excited to present some thoughts from myself, @capnjackbearow, and @0xcarnation around potential improvements to PoL, and value capture to $BERA.
We’ve heard the community’s commentary, and had the privilege of discussing different approaches with a number of sharp builders from inside and outside of the Bera ecosystem, along with liquid funds, power-users, and large LPs. Their input has been used to shape the following proposal, which in short, involves:
⁃ Utilizing a variable portion of incentives paid for BGT to build productive permanent liquidity in the form of BERA-HONEY/BERA-Major LP in the BEX, as well as stake BERA into validators supporting ecosystem projects
⁃ Directing BEX fees towards building liquidity for BERA majors through auto-incentives
⁃ Relaxation of guidelines for new reward vaults participating in PoL
We see this as something which will fundamentally capture value for BERA, expand the total set of protocols building around PoL (whether they use BERA or not), increase total incentives revenues, and maintain asymmetric yield profiles for BGT boosters and LSTs.
I’m looking forward to feedback from the community.
I’m similarly optimistic to watch Proof of Liquidity and Berachain evolve into the ultimate accelerator for the application layer, and to see the next category defining application built on Bera.
Berachain.
5️⃣ in other unimportant news... BTC $100K is so back 💯
Why? See 1️⃣ = @berabaddies saved Crypto 🐼 ⛓️
6️⃣ IVX on Top again
No longer a slow cook, @ivx_fi ships & succeeds. 0dte are becoming the sexiest shiny thing on Bera and IVX is the venue 🏦
Carpe Diem 🪃
Trade and win
Leaderboard is now live on Diem 🪃
Now you can compete amongst fellow IVX traders to win weekly prizes, where we will be giving away $HONEY to the Top 10 traders on IVX’s Diem.
Competition parameters are based on:
- Trade buy call or buy puts
- Trade size $25+
- A weighted addition between the highest ROI trades and highest volume trades
Rewards for traders:
1st place: 250 $HONEY
2nd place: 200 $HONEY
3rd place: 150 $HONEY
4th and 5th place: 75 $HONEY
6th to 10th place: 50 $HONEY
Last but not least, we have reduced our trading fees on Diem by 50%, so what better time to try out 0dtes!
Carpe Diem 🪃
7️⃣ Why you $MAD
@Madhoneyfi TGE fast approaching and hype is heating up. Watching this one closely for a market sense check.
We host the MadHoney team tomorrow, Monday 12th May @ 14:00 UTC for a pre-TGE spaces.. moar to be announced later today 🎙️
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