Berachain is an EVM blockchain built on the Cosmos SDK and using Proof-of-Liquidity consensus. The latter was designed to solve the problem of liquidity inflow.The project attracted investments of $42 million from funds such as Polychain Capital, Shima Capital and others, with an estimate of $420.69 million.The Berachain-Artio testnet was recently launched. And in this guide we will look at what activities we can do in a project with an eye to drops.
Infrared - LSD protocol with IBGT and sBGT tokens for Berachein's governance token BGT. A couple of days ago they published (https://medium.com/@infraredfinance/understanding-ibgt-the-future-of-liquid-staking-on-berachain-ed1a803acff1) an article describing the mechanics.Incubated as part of the Build-a-Bera program, that is, by the Berachain Foundation itself.
What they are building is clearly important to the Proof of Liquidity consensus mechanism and fits well with the current market narrative. An innovative approach to creating a two-token LSD will allow users to choose between liquid assets and increased returns on their BGTs. That is why it is very worthwhile to pay attention to bera to usd, dropstab notes the future profitability and not wanting to sit with fomo later.
Projects are already beginning to appear (https://twitter.com/InfraredFinance/status/1755990925086781542?s=20) that are built on top of IBGT from InfraredWe bullish according to Berachein, and therefore bullish according to the projects that they themselves incubate. Infrared is a tier-1 project on Berachein.
The project has gathered a large fan base, Twitter posts and an active Discord that is hard to miss. Carrying out activities on the testnet does not require money or a lot of time.Subscribe to the project’s social networks so as not to miss important updates. Basic moments:
1. L1 blockchain with a large fan base.
2. Activities do not require costs.