We're excited to announce our $42.0M fundraise from leading funds and angels including @polychaincap @hack_vc @daofive @tribecap @citizenxcrypto @shimacapital @robotventures @zmanian @musalbas and many others to build the deepest pools of liquidity in DeFi.

NOW, We're hiring across the board.

Berachain’s Public Testnet "Artio" is now live. The March of the Beras begins at: berachain.com

Developers and users may engage with the faucet and receive testnet BERA tokens for interacting with the network and its embedded applications at artio.faucet.berachain.com

As users, validators and developers begin their journey on Berachain - let’s dive into Proof of Liquidity (PoL), and what it has to offer versus traditional proof of stake chains.

What is Proof of Liquidity? Berachain uses a mechanism called Proof of Liquidity to harmonize staking and align incentives between security and liquidity. In PoL, block rewards are shared with users contributing to on-chain liquidity instead of single side staking their tokens.

This approach to consensus is secured via BGT The only way to earn BGT is by providing liquidity in the system. BGT is illiquid and soulbound, and cannot be bought, only earned. BGT holders validate the chain, dictate BGT emissions and earn platform fees in our stablecoin HONEY.

Users can redeem or burn 1 BGT into 1 BERA at any point in time. However, this is a one-way process. Once the BGT is burned, it is gone for good. This gives users a choice between holding the liquid gas token BERA, or maintaining a BGT position to influence the chain.

Berachain is the first chain with mechanics structured to sustainably acquire capital for its ecosystem. As the chain matures, protocols who successfully pass a governance vote will have their smart contracts included in the set of contracts whose users may receive BGT rewards.

From block one (today), participants of the network have access to our enshrined AMM DEX, stablecoin, perps exchange, and money market: 4 BGT-eligible markets! As developers begin their deployment on testnet and eventually mainnet, the number of PoL apps will scale with it.

Beyond democratizing staking for users who are bringing value to the chain, PoL also lets developers attract more capital at a cheaper cost. Our builders can lean on our Polaris EVM framework to deploy fully EVM-equivalent code without any changes.

In short, Berachain is a fully EVM compatible L1 where users provide liquidity into the chain to earn BGT, delegate it to earn fees / bribes, or burn it into BERA. Through their contribution to liquidity on the chain, users bootstrap its security and power its applications.

Users, developers, and validators can engage with the testnet through Galxe's Quest platform. The Galxe Quest platform will feature activities involving the core chain, its enshrined applications, and projects building in the ecosystem.

Developer, user and validator docs are now available to the public: http://docs.berachain.com

Read our full announcement and blog post on today's release: