Bit Bears by Berachain

Berachain's **PoL Next** upgrade is rolling out with a clear timeline: - **May 26**: PoL Next goes live on Bepolia testnet - **May 27 at 1600 UTC**: Fusaka EL hardfork activates - **Late June**: Mainnet deployment planned Token mechanics are evolving post-upgrade. Residual BGT tokens remain redeemable for BERA through the Hub. Future emissions will be claimable as either WBERA or SWBERA, giving users flexibility in how they receive rewards. This follows the successful PoL V2 launch, which saw over 33% of all wBERA staked.

Berachain is rolling out **Phase 3 of its Proof-of-Liquidity roadmap** with the introduction of ERA (Emission Return Agreement). **How ERA Works:** - Selected teams receive dedicated BERA emission streams tailored to their development stage - Teams must return a **minimum fixed yield** on every BERA emitted over 3-12 months - A portion of future revenue flows back to Berachain **in perpetuity** **The Flywheel Effect:** - High-growth teams access non-dilutive capital to scale - Berachain earns fixed returns plus ongoing revenue share - Stronger $BERA enables more growth capital - More teams get funded, creating a compounding cycle This follows Phase 1 (cutting waste) and Phase 2 (simplifying the token model), completing Berachain's strategy to turn emissions into sustainable returns for BERA holders.

Berachain is consolidating its token architecture in Phase 2, eliminating BGT and multiple incentive tokens in favor of a unified SWBERA system. **Key Changes:** - BGT token is being deprecated entirely - Boost curve mechanism removed - All incentive value now flows through single SWBERA token - Emissions directed to teams, revenue returns to SWBERA holders - ERA cohorts managing distribution through existing Incentive Marketplace - ERA system planned to fully replace Incentive Marketplace The restructuring aims to simplify the ecosystem from multiple token rails and yield paths into one consolidated value sink, streamlining how emissions and revenue flow through the protocol.

Berachain completed Phase 1 of its emissions restructuring, implementing several key changes: - **Inflation reduced** from 8% to approximately 5% - **Dedicated emission streams** launched for chain-owned initiatives - **Stagnant reward vaults consolidated** to eliminate idle allocations The changes aim to make token emissions more efficient, ensuring greater impact per token distributed. By streamlining reward structures and focusing resources on active initiatives, the protocol reduces waste while maintaining incentive effectiveness. This marks the first step in a broader emissions optimization strategy.

Berachain is updating its Proof of Liquidity (PoL) consensus mechanism to accommodate institutional asset allocators entering the crypto space. **What's Changing:** - The blockchain is adapting its PoL system, which combines network security with liquidity provision - Updates target a "more mature crowd of asset allocators" as the industry evolves **How PoL Works:** - Users stake $BERA (gas token) to validate blocks - Liquidity providers earn $BGT (governance token) rewards - Unlike traditional Proof-of-Stake, PoL allows multiple tokens as valid liquidity - The system simultaneously secures the network while providing liquidity **Key Features:** - Incentive Marketplace where protocols reward users with native tokens - BeraHub for swapping, bridging, and liquidity provision - Current incentives include $150k BERA rewards across Euler Finance markets The changes reflect crypto's maturation as institutional capital increasingly flows into DeFi protocols. Berachain maintains EVM compatibility while offering capital-efficient alternatives to standard staking models.

**Wasabi Protocol suffered an admin key compromise** affecting multiple chains, including Berachain. The Berachain team has taken immediate action to protect users. **Actions Taken:** - Paused and blacklisted affected Wasabi reward vaults - Stopped BGT emissions to compromised contracts - Working with Blockaid and ZeroShadow on investigation **User Action Required:** If you interacted with Wasabi on Berachain, **revoke token approvals immediately** at [revoke.cash](https://revoke.cash) **Contracts to revoke:** - 0xc95ab9eff8fb48760703c74416764b8f898afa1b - 0xd948212f077e552533158becbc1882c1b19c40fe - 0x0da575D3edd4E3ee1D904936F94Ec043c06Bb12B - 0x3EE6C6CdAa0073DE6Da00091329dE4390B0DF1EE **Good News:** BGT rewards in Berachain's native RewardVaults remain safe and can still be claimed. Approximately $50K in Berachain user funds were at risk. Users should act quickly to secure their assets.

Berachain has made its official entry into the Japanese market through a spot listing on **SBI VC Trade**, marking the first availability of $BERA tokens on a Japanese exchange. **Key Details:** - First spot listing for $BERA in Japan - Partnership with SBI VC Trade, a major Japanese crypto exchange - Represents significant geographic expansion for the EVM-compatible blockchain This listing provides Japanese traders direct access to $BERA tokens and signals Berachain's commitment to expanding its presence in one of Asia's most regulated crypto markets.

Dreamspace has released a tutorial aimed at making app development on Berachain more accessible. The platform's vibe coding canvas allows users to create applications quickly, lowering the technical barrier for builders. **Key points:** - New tutorial available for building on Berachain - Dreamspace provides tools for rapid app creation - Targets users with ideas but limited technical expertise The initiative comes as Berachain continues to expand its ecosystem of applications and developers.

The Bera Labs team has submitted a governance proposal to **reduce the annual BGT inflation rate from 8% to 5%**. - The proposal is currently live on the Berachain forum for community discussion and voting - This represents a **37.5% reduction** in token emission rates - The change aims to adjust tokenomics for the Berachain ecosystem Community members can review the full proposal details and participate in the governance process through the [forum discussion](https://forum.berachain.com/t/proposal-decrease-the-annual-bgt-inflation-rate-from-8-to-5/255). If approved, this would mark a significant shift in Berachain's monetary policy.

The Bera ecosystem is expanding its presence across Southeast Asia with a series of community events. - **Bangkok Meetups**: Multiple gatherings scheduled for November 2024 - **Previous Success**: October events held in Bangkok (Oct 6) and Ho Chi Minh City (Oct 12) All event details and registrations available through Luma platform. A comprehensive schedule of Bera ecosystem events is maintained in a public spreadsheet for community reference.