Bit Bears by Berachain

Berachain is implementing a consistent design language across its entire dApp ecosystem over the coming weeks. **Key Changes:** - Unified visual experience across all chain interactions - Cleaner navigation for end users - Streamlined growth pathways for builders This follows the recent launch of Berachain's [redesigned website](https://berachain.com), which repositions the network as a platform for onchain business growth. The refresh clarifies Berachain's value proposition for different stakeholders—builders, users, liquidity providers, and validators—emphasizing its Proof of Liquidity consensus mechanism as a chain-native growth engine. The design overhaul aims to create a more cohesive user experience while making it easier for developers to understand and leverage the platform's capital, liquidity, and distribution capabilities.

Berachain has successfully completed its hard fork on July 8th, marking the end of BGT emissions and the full transition to its new **PoL Next** incentive model. **Key Timeline:** - July 7th: Contract upgrades went live, starting WBERA emissions - July 8th: Hard fork completed, BGT emissions permanently stopped The network has now fully retired its legacy BGT system in favor of a simpler, more sustainable model built around **sWBERA**. This two-phase rollout represents a significant shift in how the EVM-compatible blockchain handles its Proof-of-Liquidity consensus mechanism.

A network hard fork is set to take place on **July 8th at 16:00:00 UTC** (12:00 PM EDT). Node operators and users should prepare for the upgrade by ensuring their systems are updated before the scheduled time. The fork represents a planned network upgrade that will require coordination across the ecosystem.

**APR rates are expected to increase significantly** on Berachain, with estimates showing potential gains of up to **3x** during the initial period. - Early fluctuations in APR rates are anticipated as the system stabilizes - The increase builds on previous rate adjustments, including a target rate of 5.0% APR - Historical context shows weekly 1% increases were planned up to 10% APR or until participation caps were reached The tripling of rates represents a substantial opportunity for early participants, though users should expect some volatility as the network finds equilibrium.

**Important Action Required** Berachain users must manually migrate their BGT and BGT LSTs to sWBERA - this process will not happen automatically. **What You Need to Know:** - Migration tools are now live in the hub - Access the migration solution directly through your portfolio - The transition is designed to be straightforward **Next Steps:** Visit the hub to begin your migration: [Migration Tools](https://dub.sh/krhZLC1) Don't wait - migrate your assets now using the available tools.

Berachain is completing its transition away from BGT LST Reward Vaults. Once the migration is finalized, BGT LST incentives will be deprecated within days. This follows the broader shift to a new Proof-of-Liquidity system, which eliminates the need for BGT LST Reward Vaults. Teams previously receiving incentives through these vaults will be affected by the change. The deprecation marks the final step in Berachain's consensus mechanism upgrade.

**Berachain is launching PoL Next**, its most significant upgrade since mainnet launch, through a two-phase hard fork on July 7-8. **Timeline:** - **July 7**: Major contract changes go live - **July 8**: Full transition completes with hard fork that rewrites the chain's core incentive layer at protocol level **Key Details:** - This is a hard fork, not a soft patch - Fundamentally rewires Berachain's Proof-of-Liquidity consensus mechanism - Already available for testing on [Bepolia Testnet](http://bepolia.hub.berachain.com) Developers and users can test the upgrade now before the mainnet deployment.

Berachain is implementing **Emissions Return Agreements (ERAs)**, a new mechanism for distributing token emissions to protocols. **Key Changes:** - Projects must demonstrate **real on-chain revenue and utility** to qualify for emissions - Replaces the traditional boost voting system - Selected teams receive dedicated emission streams tailored to their development stage - Protocols must return a **minimum fixed yield** on every BERA token emitted over 3-12 months - A portion of future protocol revenue is shared back to Berachain permanently This shift moves away from popularity contests toward **performance-based incentives**, requiring protocols to prove economic value rather than simply accumulating votes.

**Berachain is deprecating its BGT governance token**, marking the end of its original Proof-of-Liquidity model. **Key changes:** - BGT token being sunset completely - No more BGT boosts or boost mechanics for vault emissions - All BGT LST Reward Vaults will stop receiving incentives - Transition to new PoL system underway The move represents a significant shift in Berachain's tokenomics and incentive structure. Teams affected by the vault changes can find the [complete list here](https://dub.sh/qtxS9WT). This deprecation eliminates the boost-based emission system that previously directed rewards to liquidity providers through BGT holdings.

Berachain is implementing a significant shift in its token structure: - **$BERA** becomes the primary economic unit of the ecosystem - **$sWBERA** emerges as the new value accrual layer - The redesign aims to align long-term participants and concentrate protocol rewards This restructuring represents a strategic move to better incentivize sustained engagement within the Berachain ecosystem. The new dual-token model separates the base economic function from the reward mechanism, potentially creating clearer value propositions for different types of participants.