On Monday, March 24th, everything will change!
Berachain Liquidity Proof (PoL) has officially started and governance has entered its first phase.
The incentives begin to flow and new Vaults will receive emissions.
The following are the changes and future prospects.
🐻Stage 0 →Stage 1
Originally launched only in the BEX pool, PoL aims to fully diversify the $BGT supply and lay the foundation for on-chain governance.
To welcome Monday, the contract has been upgraded to support the allocation of incentives between users, apps and validators.
🐻🐻Whitelist of Vaults outside of BEX
The first batch of rewards Vaults Applications (RFRV) from the Application has been evaluated and approved, and the full list of newly whitelisted rewards Vaults and the agreement behind them will be released tomorrow.
The first batch is limited to DEX pools only and will be approved (except DEX pools) more new Vaults and use cases starting next week.
🐻🐻🐻What does this mean for $BGT holders?
More control: $BGT holders ultimately decide the direction of emissions.
More ways to earn: Earn protocol incentives through Boost validators.
Transparency Improvement: Soon, you can view the reward Vaults allocation and incentive benefits for each validator at https://hub.berachain.com and adjust the $BGT Boost strategy.
For more details, please refer to:
Updated documentation: https://docs.berachain.com/learn/pol/incentives
Smart contract audit: https://github.com/berachain/security-audits
Governance review: https://blog.berachain.com/blog/berachain-governance-update
$BERA #Berachain