Vocabulary reminder
We know it's not easy to remember everything about PoL, but by understanding Proof of Liquidity, you'll be certified bozo chad.
$BERA: Token for gas fees; see this as ETH on Ethereum.
$BGT: Governance (+rewards) token; see this as points but better.
$HONEY: Native stablecoin; see this as the USDT of Berachain
Gauges: A whitelisted liquidity pool where users deposit money to earn $BGT and more.
Bribes: A system in which Dapps offer their native tokens to validators, in exchange for them issuing BGT on their behalf.
Validators: They secure the chain like Ethereum's PoS by staking $BERA. The addition of PoL is the $BGT incentive cycle.
Delegator: When a user delegates his $BGT to a validator.
Unbond: When you remove your $BGT delegation
Dapp: A decentralized application/protocol; it can be a DEX, an NFT marketplace, or whatever.
BM & Henlo: Equal to GM
Ooga Booga: Oooga Booga
CAVED: BASED

CAVE ME DADDY: BRING ME IN CAVE PLS SIR

Last updated