BVT Launch Preview: The Motivation and Impact of Adopting the "BVT-beraBTC-USDT0" Three-Token LBP in BEX

beraBTC governance token BVT is about to have its TGE, and is scheduled to launch on September 19 on the Berachain native decentralized trading protocol BEX, enabling a three-token LBP (Liquidity Bootstrapping Pool) composed of BVT, beraBTC, and USDT0, while simultaneously opening up on-chain trading for BVT. Targeting a user base centered around BTC-Fi, especially participants from the Chinese community and long-term USDT users, this pool choice is both a mechanical match and a more "accessible" entry path. BEX itself is a fork of Balancer V2, natively supporting multi-asset weighted pools and flexible routing, providing the technical and liquidity foundation for the three-token LBP. (docs.bex.berachain.com)

The value of the LBP mechanism lies in guiding price discovery through time-varying weights. Unlike constant product pools, the starting and ending weights of LBP can be pre-set along a time curve, allowing prices to evolve according to rules over a period, reducing irrational fluctuations caused by front-running and instant price spikes, and enhancing the transparency and predictability of initial allocations. For new assets, this "time---weight---price" linkage enables more balanced participation and clearer entry windows with lower initial capital. A common market practice is to allow the project token's weight to decrease over time, thereby creating natural downward pressure in the absence of genuine buying demand, facilitating more rational pricing. (docs.balancer.fi)

Why choose a three-token model instead of a two-token model? Placing beraBTC and USDT0 in the same pool simultaneously introduces two main liquidity streams: "BTC pricing" and "USD pricing." The former meets the asset preferences and risk pricing habits of BTC-Fi users; the latter accommodates broader stablecoin trading and market-making needs. Under the joint action of the three assets, BEX's multi-asset pool and routing mechanism can more effectively provide liquidity depth and slippage control on TGE day, improving transaction continuity and the readability of price curves. For users characterized by a "BTC narrative + stablecoin in-and-out" profile, this structure can gather real trading demand and passive market-making demand in the same "price discovery field" from the outset. (docs.bex.berachain.com)

The choice of USDT0 primarily concerns accessibility and consistency. USDT0 is Tether's cross-chain version based on the LayerZero OFT (Omnichain Fungible Token) standard, which "locks Ethereum USDt and mints USDT0 on the target chain," aiming to seamlessly extend a single liquidity layer to new chains and reduce bridging fragmentation and cross-chain friction. For a large number of users who have long used USDT in ecosystems like BSC, USDT0 retains the familiar asset and accounting unit while gaining native usability on Berachain, thereby shortening the path from "fiat currency---centralized entry---on-chain participation." (Bitfinex blog)

The infrastructure progress on the entry side is also accelerating: the exchange OKX has announced support for USDT0 deposits and withdrawals, covering multiple networks including Berachain. This means that when users withdraw from centralized platforms, they can directly choose "USDT → Berachain (USDT0)," allowing their familiar USDT funds to be imported into the target chain with one click, and then participate in LBP or secondary trading on BEX. This improvement significantly lowers the migration threshold for new BTC-Fi users and allows new liquidity from the stablecoin side to reach the actual price discovery area more quickly. (OKX)

From the perspective of the Berachain system, the Proof-of-Liquidity (PoL) mechanism centers around the whitelist Reward Vault, allowing the inclusion of "real liquidity certificates" like BEX LP into the incentive framework. For new assets that have just completed price discovery and initial allocation, if their subsequent liquidity layout aligns with PoL, it is more beneficial to convert "short-term trading depth" into "sustainable protocol-level liquidity," thereby enhancing composability and secondary market efficiency. (docs.berachain.com)

Participation Path (Summary): After the LBP begins, users can select USDT → Withdraw Network "Berachain (USDT0)" on OKX to transfer funds to their personal Berachain address; then visit the BEX BVT-beraBTC-USDT0 LBP page for swaps or market-making. To avoid confusion, special attention should be paid to the token symbols and contracts, USDT0 is Tether's Omnichain version and is not the same asset as other "USD" stablecoins. (OKX)

As planned, the BVT-beraBTC-USDT0 three-token LBP will launch on September 19, and BVT trading will open simultaneously. After completing the initial price discovery and allocation, the staking and mining mechanism for BVT will also be announced in due course. Based on a comprehensive assessment of the mechanism design and infrastructure status, the implementation of the three-token LBP on Berachain builds a shared pool routing between the BTC and USD accounting systems on one hand, and leaves room for PoL-friendly long-term liquidity arrangements on the other—both of which are crucial for assets centered around the BTC-Fi narrative.

*Note: Cryptocurrency assets are highly volatile. This article is for research and information organization purposes and does not constitute investment advice; all time nodes and contract addresses are subject to official announcements and on-chain information. beraBTC official website: https://berabtc.io/