Berachain Shakes Up Crypto Scene with New Proof of Liquidity Upgrade!

33% of PoL Incentives Redirected to BERA Rewards!

Hold onto your hats, crypto fans! Berachain mainnet just dropped a bombshell proposal about its sizzling Proof of Liquidity upgrade. They're shaking things up by dedicating a whopping 33% of PoL incentives to the BERA rewards model. Can you feel the excitement?

This proposal, laid out on the mainnet's public forum, introduces a new beast called "PoL v2." It's grabbing 33% of the current PoL incentives from BGT boosters and funneling them into a fresh rewards model to juice up liquidity for Berachain's native token, BERA. It's like a new era for the protocol!

"This creates a native, protocol-level yield source for BERA holders, driving demand and utility without displacing existing stakeholders," declared Berachain's co-founder, Smokey the Bera, in the proposal. Smokey’s words are sparking fire in the community!

Right now, Berachain is all ears, taking in feedback from its community until July 20. If this proposal gets the thumbs up from a majority vote, the mainnet is set to go live on July 21. The countdown is on!

With the new model, BERA holders can score extra income straight from the protocol. It's designed to boost the token's utility and earning potential, making it a hot commodity for anyone holding it.

But wait, there's more! The model throws in a seven-day "unbonding" period for staked BERA, slamming the brakes on arbitrage and nudging holders to keep their BERA for the long haul, not just for quick flips.

"During the unstaking period, the unstaked BERA amount will not receive further rewards," Smokey added. It's all about playing the long game!

Smokey also shouted out other tokens rocking similar models, like HYPE, ENA, and KAITO. Plus, the model supports LST staking, letting BERA stakers pocket validator rewards on top of their PoL yield. It’s a double whammy!

When the proposal hit the scene, BERA's price shot up like a rocket, hitting a peak of $2.25. But the high didn't last long, settling back into the $2.00 to $2.10 range and holding steady since then.

Despite the quick dip, Berachain's token saw a massive trading volume spike after the proposal dropped. In the last 24 hours, BERA’s daily trading volume surged by a mind-blowing 315.10%! Traders are buzzing, lured by the promise of juicy rewards for holding BERA.

As of right now, BERA has climbed 1.8% in the last 24 hours, currently trading at a solid $2.05. The buzz around Berachain's latest move is real, and the crypto world is watching closely to see what happens next!