Did you know Bera Chain has just completed a $100-million funding round with investors like Brevan Howard Digital and Polychain Capital?
The Bera Chain is one of the fastest, high-performance Layer-1 blockchains constructed using Cosmos SDK, and is spoken about as a game-changer in Decentralized Finance (DeFi). Designed to increase the liquidity, security and scalability of its ecosystem, Bera Chain uses the advanced Proof-of-Liquidity consensus mechanism.
Berachain’s Public Testnet bArtio B2 is now live.
Hot Bera Summer begins at:
🐻 https://t.co/Wozhn32KfW 🐻 pic.twitter.com/jwv4IQNoPB
— Berachain 🐻⛓ (@berachain) June 9, 2024
Here the projects you can’t miss on BeraChain
1. BEX (Berachain Exchange)
The decentralized exchange (DEX) of Berachain, BEX allows swapping between tokens and liquidity pools sponsored by incentivization for the user to interact with. Here are its key details and stats.
- Total Value Locked (TVL): BEX has a TVL of approximately $200 million, demonstrating significant user engagement and trust in the platform (Home | BEX) (Berachain).
- 24-Hour Trading Volume: The exchange handles about $50 million in daily trading volume, reflecting its active use and liquidity (Home | BEX).
- User Base: BEX has attracted over 150,000 active users who participate in trading and liquidity provision (Bitget Wallet).
- Key Features: BEX introduces House Pools and MetaPools. House Pools are the default liquidity pools that earn BGT emissions, while MetaPools enhance capital efficiency by using LP tokens in multiple pools simultaneously(Home | BEX) (Berachain).
2. Gummi
Gummi is a dynamic money market within the Berachain ecosystem, allowing users to borrow and lend assets. It is designed to maximize financial flexibility and optimize liquidity.
- Total Value Locked (TVL): Gummi boasts of a TVL of over $100 million, indicating robust user participation and confidence in the platform (Gate.io)
- Borrowing and Lending: Users can borrow against assets like iBGT and earn interest, with a focus on minimizing collateral requirements for loans .
- Unique Selling Proposition: Gummi supports the lending and borrowing of the liquid staked token iBGT, providing users with greater leverage and liquidity options (Gate.io).
3. Beraroot
Beraroot enhances the efficiency, security, and transparency of transactions within the Berachain ecosystem by integrating Miner Extractable Value (MEV) optimization and Data Availability (DA) technology.
- Security and Efficiency: Beraroot’s DA layer ensures that all transaction data is permanently stored and safeguarded against tampering, providing a secure and reliable environment for transactions.
- Reward System: The platform uses a comprehensive reward system involving BGT (governance token), BEV (liquidity provider tokens), and BERA (gas fees). These incentives are distributed among BGT holders who contribute to network consensus and security .
- Impact on Ecosystem: By optimizing MEV and ensuring fair transaction practices, Beraroot significantly enhances the overall security and transparency of the Berachain network .
4. Ramen Finance
Ramen Finance is a token launchpad protocol on Berachain, designed to democratize liquidity for new assets and ensure equitable token distribution.
- Total Value Locked (TVL): Ramen Finance has a TVL of approximately $80 million, highlighting its significance within the Berachain ecosystem (Gate.io) .
- Key Features: The platform uses a unique ve(3,3) token economics model, where users lock $RAMEN tokens to receive gRAMEN, a governance token that determines allocation rates for new launches (Flagship Portfolios).
- User Base: Ramen Finance has attracted over 50,000 users, indicating strong community engagement and trust(Gate.io).
- Launchpad Protocol: The Ramen Launchpad ensures transparent price discovery and equitable access to new protocol launches, benefiting both developers and users by offering a fair and decentralized allocation system(Flagship Portfolios) (Gate.io).
5. Kodiak
Kodiak is an automated liquidity management decentralized exchange (DEX) within the Berachain ecosystem, designed to enhance trading efficiency and liquidity provision.
- Total Value Locked (TVL): Kodiak has a TVL of around $120 million, showcasing its effectiveness in liquidity management (Gate.io) .
- Key Features: Kodiak offers dynamic liquidity management tools, enabling efficient allocation of liquidity across various pools and reducing capital inefficiencies (Gate.io).
- Trading Volume: The DEX handles an average daily trading volume of $40 million, reflecting its active use and liquidity depth (Gate.io).
- Impact: Kodiak significantly improves trading efficiency within the Berachain ecosystem, making it a crucial component for users seeking high liquidity and optimal trading conditions (Gate.io) .
6. Origami Finance
Origami Finance is an automated leverage protocol that enhances earning potential through automatic leverage on Yield Tokens (YBT).
- Total Value Locked (TVL): Origami Finance has a TVL of $90 million, demonstrating substantial user participation and confidence in the platform (Gate.io).
- Key Features: The platform leverages automatic strategies to maximize returns from yield farming, providing users with increased earning potential without the need for manual intervention (Gate.io).
- User Base: Origami Finance supports over 30,000 active users, indicating strong engagement within the Berachain community (Gate.io) .
- Earning Potential: By automating leverage on yield farming, Origami Finance helps users achieve higher returns, making it an attractive option for yield farmers and DeFi enthusiasts (Gate.io) .
7. IVX
IVX is a native options protocol built on Berachain, specifically designed for high-leverage trading and derivatives.
- Total Value Locked (TVL): IVX has a TVL of approximately $70 million, indicating substantial liquidity and user trust in the platform (Gate.io) .
- Key Features: IVX uses a chained options AMM to provide high-leverage trading opportunities for retail users. The platform supports complex trading strategies and derivatives, allowing users to speculate on price movements with significant leverage (Gate.io) .
- Trading Volume: The platform sees an average daily trading volume of $30 million, showcasing its active use and the high demand for options trading within the Berachain ecosystem (Gate.io).
- User Base: IVX caters to over 25,000 active traders, reflecting its popularity and the high engagement of users seeking advanced trading tools and high leverage (Gate.io) .
8. Beraborrow
Beraborrow is a decentralized borrowing and lending platform inspired by the Liquity model, focusing on providing interest-free loans.
- Total Value Locked (TVL): Beraborrow boasts a TVL of $95 million, highlighting its importance within the Berachain ecosystem (Gate.io) (Flagship Portfolios).
- Key Features: The platform offers interest-free loans using iBGT as collateral, which significantly lowers borrowing costs for users. Additionally, it supports flexible repayment schedules, allowing users to manage their loans according to their financial situations (Flagship Portfolios) .
- Borrowing and Lending Volume: Beraborrow handles a substantial volume of transactions daily, with users frequently borrowing and lending assets to take advantage of the platform’s unique features (Gate.io).
- User Base: The platform supports over 40,000 active users, indicating strong community engagement and trust in Beraborrow’s innovative borrowing model (Gate.io) (Flagship Portfolios).
9. Ambient Finance
Ambient Finance is a decentralized trading protocol on Berachain that aims to optimize liquidity provision and trading efficiency through its innovative features.
- Total Value Locked (TVL): Ambient Finance has a TVL of approximately $60 million, reflecting significant user trust and participation in the platform .
- Funding and Valuation: In July 2023, Ambient Finance raised $6.5 million in a seed funding round led by Blocktower Capital, with other notable investors including Jane Street Capital and Circle Ventures. The platform’s valuation at the time was $80 million .
- Key Features: Ambient Finance integrates concentrated, ambient, and knock-out liquidity in the same pool, enhancing capital efficiency. It runs entirely within a single smart contract, reducing transaction costs and improving execution speed (Motivate VC).
- Trading Volume: The platform handles an average daily trading volume of $25 million, indicating its active use by traders and liquidity providers (Motivate VC) .
- User Base: Ambient Finance has attracted over 20,000 active users who benefit from its advanced liquidity management and trading features (Motivate VC).
10. LandX
LandX is a decentralized platform on Berachain designed for investing in agricultural products, providing users with a unique hedge against inflation and direct investment opportunities in real-world assets.
- Total Value Locked (TVL): LandX has a TVL of around $40 million, demonstrating its growing importance within the Berachain ecosystem (Gate.io) (Gate.io).
- Investment Opportunities: The platform allows users to invest in farmland commodities such as wheat, corn, soybeans, and rice, offering a diversified portfolio of agricultural assets (Gate.io).
- User Base: LandX supports over 15,000 active users who leverage the platform to gain exposure to the agricultural sector and hedge against market volatility (Gate.io).
- Key Features: By tokenizing real-world agricultural assets, LandX provides a unique investment vehicle that bridges the gap between traditional commodities and decentralized finance (Gate.io) (Gate.io).
Core Components of Bera Chain
Proof-of-Liquidity Consensus
The Proof-of-Liquidity consensus mechanism is central to Bera Chain’s operations, addressing key issues in traditional Proof-of-Stake (PoS) systems. This mechanism ensures that liquidity providers, validators, and users are incentivized in a balanced and effective manner, enhancing the overall stability and security of the network (DAIC Capital).
Bera Chain’s Triple Token Model
Bera Chain employs a unique triple token structure involving BERA, HONEY, and BGT tokens:
- BERA: The primary utility token used for gas fees and network operations.
- HONEY: A stablecoin pegged to a fiat currency, used for trading and liquidity provision.
- BGT: A governance token earned through providing liquidity, used to vote on network proposals and validator incentives (DAIC Capital).
Ecosystem and Strategic Integrations
Bera Chain’s ecosystem boasts a wide range of integrations and partnerships, enhancing its utility and reach within the DeFi space. Some notable integrations include:
- DEX Aggregators: Platforms like Shogun and BearSwap aggregate liquidity from multiple decentralized exchanges, ensuring users get the best trading prices.
- Lending Protocols: Gummi Gummi allows users to borrow against various tokens and NFTs, offering high leverage and flexible terms.
- Staking Solutions: Infrared introduces liquid staking solutions, expanding the utility of BGT across different DeFi protocols (Berachain Ecosystem).
Financial Metrics and User Base
Bera Chain’s growth is reflected in its financial metrics and user adoption:
- Total Value Locked (TVL): Bera Chain’s TVL across its DeFi protocols is approximately $4 billion, indicating strong user confidence and engagement (DAIC Capital).
- Active Users: The ecosystem supports over 100,000 active users, with significant daily transaction volumes and active participation in governance processes .
Innovations and Future Prospects
Bera Chain’s roadmap includes several key developments aimed at enhancing its DeFi offerings:
- Advanced Analytics: Tools like DeBank and DefiLlama provide comprehensive insights into DeFi activities, helping users make informed investment decisions.
- Enhanced Security: Continuous improvements to the Proof-of-Liquidity mechanism and validator incentives ensure a secure and resilient network.
- Interoperability: Bera Chain’s compatibility with other major blockchains like Ethereum and Cosmos enhances its utility and user reach (Home | Berachain) (DAIC Capital).
Conclusion
Bera Chain will most likely play a significant role in the industry of decentralized finance, presenting several innovations that address core problems of DeFi. Its ecosystem, partnerships, and unique consensus mechanism create a good position for Bera Chain to lead the new wave of DeFi. Additionally, with the further development of the project, more users and other projects will join it in the effort to make decentralized finance more efficient and integrated.
