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Berachain releases White Paper, which will replace the incentive mechanism with the PoL mechanism and adopt a dual token model
Golden Finance reported that the Berachain Foundation released the White Paper, launching a new EVM-compatible Layer 1 public chain. The White Paper details its innovative Proof of Liquidity (PoL) mechanism, which directly links validator rewards to network application demand. The economic model adopts a dual-token design: BERA is used for staking and trading, BGT serves as a non-transferable governance token. The BGT Foundation will adopt a three-stage governance plan, gradually transitioning from the initial BeraSwap reward pool to fully decentralized governance.