Bankless Berachain 101: Everything You Need To Know | Founder Smokey The Bera
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Feb 12, 2025 
In this discussion, Smokey the Bera, co-founder of Berachain, shares insights about their newly launched mainnet and groundbreaking Proof of Liquidity model. He explains the project’s unique three-way relationship between its app layer, validators, and governance token, which seeks to transform traditional blockchain economics. The conversation also touches on challenges and opportunities within decentralized finance, and how community involvement shapes the platform's evolution. Expect a blend of innovative thinking and engaging storytelling!
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Community-First Development
- Unlike projects built around a technical breakthrough, Berachain started with a community.
- This community's insights and culture shaped the proof-of-liquidity innovation.
Memetics of Berachain
- Smokey acknowledges that some dislike Berachain's culture, while others embrace it.
- He believes planned memetic roadmaps often backfire.
Proof-of-Liquidity Explained
- Berachain uses a dual-token system: BARA for gas/staking and non-transferable BGT for governance.
- Validators earn BGT emissions based on staked BARA and delegated BGT, which are then distributed to app pools.