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
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