bgt

The Berachain Foundation issued a warning on platform X that the Wasabi Protocol has triggered a cross-chain security incident due to the leakage of the deployer's private key, affecting multiple blockchains including Berachain.To prevent the spread of risk, Berachain has suspended and blacklisted all affected Wasabi Reward Vaults within the network, immediately stopping the distribution of BGT staking rewards to compromised contracts and blocking the flow of new BGT into the damaged contracts. The official request for all users who have interacted with Berachain and Wasabi is to immediately revoke token authorization for the specified contracts to avoid the risk of asset theft. Berachain also emphasized that the BGT reward funds within the native RewardVaults are safe and users can claim them normally; this incident does not affect core ecological rights.

According to official news, Bera Labs has initiated a proposal aimed at reducing the BGT inflation rate to 5%. The proposal states that currently, Berachain mints BGT at an annual target rate of approximately 10%, while the actual inflation rate so far this year averages around 8%. A high inflation rate is appropriate during the network validator community and the early application ecosystem launch phase, but as the ecosystem matures and a new macroeconomic environment forms, it is recommended to reduce the BGT inflation rate to about 5% to minimize unnecessary dilution, enhance sustainability and emission efficiency, while remaining competitive with other L1s.This proposal will not modify the reward mechanism, treasury allocation logic, or any liquidity proof (PoL) functional components.The proposal also indicates that the inflation rate will be further reduced during 2026 and 2027, bringing it closer to Ethereum. Additionally, the team is evaluating long-term improvements to PoL, aiming to create sustainable protocol-level revenue that will stimulate greater value for BGT over time.

ChainCatcher news, Lair Finance officially launches the Berachain exclusive liquidity re-staking token (LRT) $LrBGT, becoming the first re-staking asset that integrates Infrared PoL Vault yields. $LrBGT is built on $iBGT, combining high yield capture capability with on-chain liquidity, innovatively enhancing the capital efficiency of Berachain.As one of the core assets of the platform on Berachain, $LrBGT will deeply participate in the subsequent re-staking and yield treasury system.The launch news has driven the trading volume and attention of $LAIR to rise rapidly, with the price increasing nearly 15% in the short term.

ChainCatcher news, the Berachain Foundation announced that PoL (Proof of Liquidity) will officially launch on March 24, governance will enter the first phase, the incentive mechanism will come into effect, and a new reward pool will be released. This change means that BGT holders will have more control and profit opportunities, determining the flow of incentives and supporting the distribution of incentives for users, applications, and validators.

ChainCatcher news, the Cosmos ecosystem liquid staking protocol Stride announced that it will launch the liquid staking token stBGT for the Berachain governance token BGT on February 6, 2025.

ChainCatcher news, according to the official announcement, the Berachain Foundation has established the BGT Foundation, an independent entity that represents the collective interests of BGT (Bera Governance Token) holders and acts on their behalf. The BGT Foundation will promote the growth of PoL (Proof of Liquidity), focusing on the stability and security of the Berachain protocol.BGT is a "fairly distributed" token, distributed to liquidity providers (LPs) and validators/stakers according to Berachain's PoL mechanism, ensuring that individuals who contribute to the network can directly receive rewards. This distribution mechanism not only incentivizes participants from the very beginning but also helps to build a strong liquidity foundation that benefits a broader community as the ecosystem develops. Furthermore, as BGT gradually decentralizes within the network, it promotes a decentralized governance structure that aligns the incentives of various stakeholders by delegating governance power to a wide user base that actively contributes to Berachain.

ChainCatcher news, according to The Block, the Web3 on-chain game A-World has completed a $5 million Series A funding round. IBGTG Capital, Sketch Venture, and others led the round, with participation from Soave Swap, AU21 Capital, Skyview Capital, and others.It is reported that A-World is a metaverse card tower defense battle game based on BNB CHAIN, where players can eliminate monsters by building hero towers.

ChainCatcher news, Framework Ventures co-founder Vance Spencer stated at Token 2049 in Singapore that the Berachain mainnet and token are scheduled to launch by the end of 2024.Spencer believes that Berachain's POL consensus mechanism can introduce a fully aligned blockchain ecosystem by redirecting a portion of profits back to ecosystem participants: when users stake BERA, they must direct the liquidity earned towards these primitives. This way, all fees remain within the ecosystem. They all flow to BGT and BERA holders, which is what the market craves.It is reported that on April 12 of this year, the new public chain Berachain announced the completion of a $100 million Series B funding round, co-led by the Abu Dhabi branch of Brevan Howard Digital and Framework Ventures, with participation from Polychain Capital, Hack VC, and Tribe Capital.

ChainCatcher news, BG Trade officially announced that its platform token BGT will be listed on Gate.io and MEXC exchanges on August 16.It is reported that BG Trade is a leading RWA asset issuance and trading platform based on EVMs like Arbitrum, aggregating multi-dimensional asset investments and providing efficient connection opportunities for stocks, bonds, commodities, and cryptocurrencies. (Source link)