Berachain releases white paper, will replace incentive mechanism with PoL mechanism and adopt dual token model

Berachain Foundation has released a white paper and launched a new EVM-compatible Layer 1 public chain. The white paper provides detailed information on 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, while 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.