We’re thrilled to announce that BERA, the native crypto of the Berachain ecosystem, is now available on Bitso!
Berachain is an innovative Layer 1 blockchain that’s rethinking how blockchains incentivize participation. Built using BeaconKit—a modular framework based on the Cosmos SDK—and designed to be EVM-identical, making it fully compatible with Ethereum Virtual Machine (EVM), Berachain introduces a unique mechanism called Proof of Liquidity, designed to reward users for contributing real value to the network through DeFi activity.
What is Berachain?
Berachain is a high-performance, EVM-compatible Layer 1 that pairs the modularity of Cosmos with full compatibility with Ethereum smart contracts. What truly sets it apart is its triple-token model and its groundbreaking Proof of Liquidity (PoL) consensus mechanism. Instead of relying on pure token staking like most PoS chains, Berachain rewards users who provide liquidity across its native DeFi apps.
At its core, Berachain aims to fix one of DeFi’s biggest challenges: aligning incentives between protocols, validators, and users.
How does Berachain work?
Berachain uses a three-token economy to separate gas, governance, and incentives:
- BERA: The gas token used to pay for transactions and smart contract execution.
- BGT (Berachain Governance Token): A non-transferable token earned by providing liquidity. It is used for governance and to delegate to validators, who must receive BGT in order to participate in staking and help secure the network.
- HONEY: A stablecoin used in the Berachain economy, often tied to incentives and liquidity.
But the real innovation lies in Proof of Liquidity:
- Users who provide liquidity on Berachain’s native DEXs earn BGT, giving them the right to delegate to validators and participate in governance.
- Validators are selected not only by the value of their stake, but by how much BGT they receive from liquidity providers.
This creates a system where the most active DeFi contributors shape the future of the chain.
What is BERA used for?
BERA plays a central role in the network:
- Gas fees: Required for all transactions and smart contract executions.
- Economic activity: Used within DEXs, yield farming, and other DeFi tools within the Berachain ecosystem.
- Interoperability: Enables seamless interaction with Ethereum-compatible tools and infrastructure.
Why Berachain stands out
- Proof of Liquidity: A radically new way to reward real participation in DeFi.
- Triple-token design: Separates concerns across gas, governance, and incentives, ensuring long-term sustainability.
- Cosmos + EVM: Combines Cosmos modular architecture with Ethereum compatibility for greater composability and interoperability between DeFi apps.
- Massive early momentum: Leading inflows and strong community growth—even before mainnet.
Berachain is more than just another L1—it’s a vision for how DeFi economies can be rebuilt from the ground up.
The community also rallies around a fun and irreverent brand identity centered on… bears 🐻.
How to get started with BERA on Bitso
- Sign up on Bitso: Create your account through our app.
- Buy BERA: Swap your USDC for BERA using Bitso’s conversion feature.
- Explore Berachain: Follow community updates and dive into the ecosystem now that the mainnet is live.
⚠️ For now, BERA is only available for conversions on Bitso. You can buy and sell BERA, but deposits and withdrawals to external wallets are currently disabled. However, you can still send and receive BERA with other Bitso users via Bitso Transfer.
Disclaimer
BERA is the native gas token of Berachain, a high-performance Layer 1 blockchain that introduces the Proof of Liquidity consensus mechanism and a three-token model. While the protocol has gained significant early traction, BERA remains speculative and its value is subject to network growth, user participation, and ecosystem development.
The digital asset market is inherently volatile, and prices can fluctuate significantly over short periods of time. This article is intended for informational purposes only and does not constitute financial advice. Bitso encourages all users to conduct their own research (DYOR) before buying, selling, or using any digital asset.
