{"id":22364,"date":"2025-03-24T18:30:00","date_gmt":"2025-03-24T16:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/berachain-initiates-transition-to-on-chain-governance\/"},"modified":"2025-03-24T18:30:00","modified_gmt":"2025-03-24T16:30:00","slug":"berachain-initiates-transition-to-on-chain-governance","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/berachain-initiates-transition-to-on-chain-governance\/","title":{"rendered":"Berachain Initiates Transition to On-Chain Governance"},"content":{"rendered":"<p>The EVM-compatible Layer 1 blockchain Berachain is launching a Proof-of-Liquidity (<span data-descr=\"Proof-of-Liquidity\" class=\"old_tooltip\">PoL<\/span>) system as the first phase in its transition to on-chain governance.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">PoL Phase 1 begins on Monday and the first whitelisted reward vaults have been approved. Full list and what&#8217;s next at:<a href=\"https:\/\/t.co\/EC0LUJKGGk\">https:\/\/t.co\/EC0LUJKGGk<\/a> <a href=\"https:\/\/t.co\/FB1w1UuzWX\">pic.twitter.com\/FB1w1UuzWX<\/a><\/p>\n<p>\u2014 Berachain Foundation ?\u26d3 (@berachain) <a href=\"https:\/\/twitter.com\/berachain\/status\/1903227859675623591?ref_src=twsrc%5Etfw\">March 21, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis marks an important step in the evolution of Berachain&#8217;s governance\u2014from a limited launch within its own <span data-descr=\"decentralized exchange Berachain\" class=\"old_tooltip\">BEX<\/span> pools to a more open, application-focused ecosystem where projects can ensure sustainable growth through PoL,\u201d the statement reads.<\/p>\n<\/blockquote>\n<p>The project has published the initial list of whitelisted reward vaults, which includes pools from the decentralized exchange Berachain and other DEXs within the ecosystem.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/what-makes-berachains-modular-blockchain-tick-and-is-an-airdrop-likely\">The modular blockchain<\/a> is built using the Cosmos SDK and employs a Tendermint-based Proof-of-Stake consensus mechanism. The model involves three assets: BERA for gas payments, BGT for governance, and HONEY as a stablecoin.<\/p>\n<p>Validators stake BERA and receive a portion of BGT emissions as rewards. The more governance tokens they hold, the greater influence they can exert on the blockchain&#8217;s development direction.<\/p>\n<p>At the time of writing, the total value locked in Berachain assets stands at $2.94 billion, according to <a href=\"https:\/\/defillama.com\/chains\">DeFi Llama<\/a>. The project&#8217;s share of the total figure reaches 3.24%, ranking it seventh, ahead of popular Ethereum-based L2 solutions like Arbitrum, Polygon, and OP.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"429\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/All-Chains-DeFi-TVL-DefiLlama-Google-Chrome-1024x429.jpg\" alt=\"All-Chains-DeFi-TVL-DefiLlama-Google-Chrome\" class=\"wp-image-254851\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/All-Chains-DeFi-TVL-DefiLlama-Google-Chrome-1024x429.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/All-Chains-DeFi-TVL-DefiLlama-Google-Chrome-300x126.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/All-Chains-DeFi-TVL-DefiLlama-Google-Chrome-768x322.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/All-Chains-DeFi-TVL-DefiLlama-Google-Chrome.jpg 1272w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: DeFi Llama.<\/figcaption><\/figure>\n<p>The price of BERA has risen by 9.2% in the last 24 hours, reaching $7.4. This is approximately 54% below the early February peak of $14.83 (<a href=\"https:\/\/www.coingecko.com\/en\/coins\/berachain\">CoinGecko<\/a>).<\/p>\n<p>The market capitalization of HONEY <a href=\"https:\/\/www.coingecko.com\/en\/coins\/honey-3\">stands at<\/a> $527 million, remaining stable throughout March.<\/p>\n<p>In April 2023, Berachain developers raised $42 million in a funding round led by Polychain Capital. A year later, the project secured an additional $100 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EVM-compatible Layer 1 blockchain Berachain is launching a Proof-of-Liquidity (PoL) system as the first phase in its transition to on-chain governance. PoL Phase 1 begins on Monday and the first whitelisted reward vaults have been approved. Full list and what&#8217;s next at:https:\/\/t.co\/EC0LUJKGGk pic.twitter.com\/FB1w1UuzWX \u2014 Berachain Foundation ?\u26d3 (@berachain) March 21, 2025 \u201cThis marks an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1225,25],"class_list":["post-22364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-berachain-bera","tag-blockchain"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22364"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22363"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}