Berachain is a Layer 1 built on Cosmos and aims to solve the most common Layer 1 challenges using a Proof of Stake (PoS) mechanism. Berachain is built using the Proof of Liquidity Consensus (POLC) mechanism. Berachain’s Proof of Liquidity is a novel Sybil-resistant mechanism that uses a consensus vault to calculate validator vote weights, distribute block rewards, and incentivize capital velocity and liquidity depth. Proof of Liquidity is a term coined by Berachain that allows users to stake various L1 tokens (wBTC, wAVAX, wETH, wADA, etc.) and stablecoins (USDC, DAI, etc.) to specific validators to earn block rewards. The consensus vault measures and distributes voting weights and block rewards. This mechanism is used as proof of liquidity to incentivize liquidity in the blockchain. Users stake different tokens and receive token rewards proportional to their staked funds. These staked assets help provide liquidity to Berachain’s vAMM synthetic liquidity, enabling traders to buy and sell in the native perpetual futures trading and lending markets.

On April 12 this year, Berachain completed a US$100 million Series B financing, co-led by Brevan Howard Digital’s Abu Dhabi branch and Framework Ventures, with other participants including Polychain Capital, Hack VC and Tribe Capital.

On January 11, 2023, Berachain announced the launch of its public testnet Artio, which attracted more than 300,000 users and initiated more than 1 million transactions in the first 48 hours of launching Artio. Its novel consensus mechanism is attractive and can optimize liquidity performance while maintaining compatibility with EVM. Berachain is still in its early stages, but those on-chain applications that are deeply integrated with Berachain will likely stand out.

Unlike other public chain projects, Berachain is a meme chain that originated from Smoking Bears NFT, which can be traced back to the Bong Bears series of NFTs launched in August 2021. Many DeFi are also developed by the project parties themselves. This article will introduce projects in the Berachain ecosystem.

DeFi

Beradrome

Beradrome is a dex on Berachain with ve(3,3) token economics, built-in bribery, voting and other mechanisms. Beradrome is adapted from Solidly by Andre Cronje. The design of the economic model of the project is indeed innovative. It combines the veToken model in Curve and the (3,3) game theory of Olympus DAO to optimize the liquidity incentive problem.

Beradrome has also created an NFT series called “Tour de Berance.” This is a collection of 6900 unique Berachain bear bikes raced on the Arbitrum for mobility.

Honeypot Finance

Honeypot Finance is a dex on Berachain, with three main products: DreamPad, HenloDEX, and HiveNode.

1. HelonDEX: A (Batch-A2MM) trading protocol with low slippage and MEV proof.
2. DreamPad: A launchpad with a built-in trust layer (DAO) that takes into account community drive, deep liquidity, and a fair launch mechanism (FTO) to protect users from rat trading and prevent developers from dumping.
3. HiveNode: Deeply integrated with Berachain’s PoL consensus mechanism, the bootstrap consensus mechanism rewards the liquidity from our products and simplifies the PoL mining process.

Bera Infinity

The central hub of Berachain ecosystem reward distribution is a reward activity for Berachain ecosystem participants, and rewards will be issued to valuable teams and individuals who contribute to the Bera ecosystem.

BurrBear

BurrBear provides services for tokenized real-world asset (RWA) projects, DePIN projects, and stablecoin issuers, with three types of asset pools: multi-stablecoin pools, RWA pools, and token trading pools.

Scholes

is an order book-based options trading protocol that allows participants to set prices for their options. Scholes aggregates liquidity from other protocols so that users can get the best possible trade execution and liquidity.

Berrybad

It is Berachain’s lending protocol. The protocol is still in the development stage and has not yet been launched.

Goldilocks

Goldilocks is committed to developing custom DeFi infrastructure for Berachain, which mainly consists of three products:

1. Goldiswap: A novel AMM for managing the supply and price of LOCKS, Goldilocks’ governance token.
2. Goldilend: An innovative NFT lending platform built specifically for Bong Bear NFTs and their variants.
3. GoldiVaults: Allows users to predict and trade future returns on Berachain’s native DeFi protocol.

Beraborrow

Stacking Salmon is a decentralized lending protocol on Berachain. Stacking Salmon is implemented on Berachain as a set of smart contracts. These smart contracts provide a non-custodial, permissionless marketplace for decentralized lending and leveraged yield mining.

Y2K Finance

Y2K Finance is a suite of structured products designed specifically for peg derivatives, enabling market participants to robustly hedge or speculate on the risk of a specific peg asset (or a basket of peg assets).

HunnyPot

An AMM built on Berachain that can trade and lend, and support margin trade.

Grizzly.fi

It is a Stablecoin AMM built on Berachain. There are four types of asset pools: stablecoin asset pool, platform token GHNY asset pool, mixed asset pool, and single asset asset pool.

Hiveswap

Built on BeraChain, Hiveswap is a community-driven, ecosystem-focused DEX. Hiveswap is a dual AMM (automated market maker) based on Uniswap and Curve (stableswap).

Hiveswap implements dynamic directional fees for trading pairs, allowing us to set different rates for each pool and set different fees based on the direction of the trade (buy/sell).

Hiberanation

Similar to Beefy Finance, an automated compounder dedicated to profit maximizing strategies.

Smilee

Smilee is an on-chain options protocol that supports volatility trading. The Smilee protocol is based on four main components:

1. Decentralized Volatility Products (DVP): Minting impermanent return options and other volatility products in the future.
2. Income Vault: Provides the liquidity needed to mint and trade temporary income options.
3. Liquidity Volatility Engine: Connects income vaults with impermanent income vaults - converting previous liquidity into impermanent income options.
4. Synthetic AMM: Allows buying and selling of impermanent revenue options.

HoneyPool

HoneyPool is a blockchain-powered prize-linked savings account where users deposit assets to participate in daily draws, with prizes made up of interest earned on all deposited funds. When a deposit is made into HoneyPool, the deposit is automatically routed to other decentralized finance protocols like Aave to start earning interest.

BeraCreek Finance

BeraCreek is a lending protocol with segregated pools. Thanks to Berachain’s novel proof-of-liquidity consensus, BeraCreek Finance will allow borrowers to earn yield by participating in the network’s consensus using their collateral.

Exponents

Exponents is an oracle-less derivatives protocol. Due to its zero reliance on price oracles, it will allow the creation of derivatives for any on-chain asset without the need for administrative control or governance listing votes. Anyone can create a derivatives market for a new token within minutes of its launch.

Beramuda Finance

Governance aggregator and revenue optimizer for the Berachain ecosystem.

Orange Finance

Orange Finance is an automated liquidity management protocol that can manage liquidity through delta hedging, smart liquidity management, automatic rebalancing, etc.

Moniswap

Moniswap is a decentralized exchange in Berachain ecosystem. It has a governance model based on a voting locking mechanism.

Redacted cartel

Redacted Cartel is a DeFi revenue protocol incubated by the New Order team. It has multiple sub-products, covering bribery market transactions and LSD liquidity staking.

Kodiak

Kodiak is an innovative DEX that provides automated liquidity management for Berachain.

Ramen Finance

Ramen Finance is a LBP project in the Berachain ecosystem. It has ve(3,3) token economics.

Origami Finance

Origami Finance is an automated leverage protocol that leverages automatic leverage on Yield Tokens (YBT) to enhance earning potential.

IVX

IVX is a native options protocol specifically built on Berachain. IVX is based on the chained options AMM to provide high-leverage trading for retail users.

DEXYNTH

DEXYNTH is a derivatives trading platform that also provides a series of trading functions, including limit orders, stop loss orders, and take profit orders.

Gummi

Gummi is a dynamic money market designed for Berachain users, allowing users to borrow and lend using assets. It is worth noting that Gummi also supports lending and borrowing of the liquid staked token iBGT.

Landx

Landx is a decentralized RWA platform for investing in agricultural products. Through LandX, investors can hedge against inflation and invest directly in farmland commodities such as wheat, corn, soybeans and rice.

Babybera

BabyBera is an ecosystem that includes NFTs, revenue mining, and Meme tokens.

1. NFT: BabyBera issued an NFT on Ethereum.
2. Yield farming: Users can stake BBBERA single currency to obtain BBBERA income, or provide liquidity for the BBBERA/HONEY trading pair in CrocSwap to obtain income. At the same time, users can also stake NFT to obtain BBBERA income.
3. Meme coin: Meme coin issued by BBBERA for Babybera, which can only be obtained through yield farming.

Ambient Finance

Ambient Finance is a decentralized trading protocol that enables a unique automated market-making Singleton AMM, with each pool running within a smart contract, making it more efficient at performing multi-hop exchanges than traditional AMMs. Ambient does not transfer any intermediate tokens involved in multi-hop exchanges, which significantly reduces gas usage during transaction execution compared to other AMMs.

Ooga booga

Ooga Booga is a liquidity aggregator for the Berachain ecosystem and has completed a $1 million seed round of financing, led by Kenetic, Cypher Capital Group, Rubik Ventures, Rana, BaboonVC, Citizen X, Nural Capital, Wizards Capital, Kestrel0x1, BlockBuilders, PANONY, Sneaky Ventures and others participated in the investment.

Algebra

Algebra is a back-end product that outsources trading functions. It is a B2B project that mainly sells DEX back-end contracts to any project party interested in engaging in DEX. Using its services does not require you to rewrite the contract yourself. Currently, its product Algebra Integral V4 has been launched on the Berachain testnet for testing. Algebra Integral is an advanced solution for decentralized exchanges that introduces a modular architecture with custom plug-ins. Integral splits the previously single infrastructure into two essential components: core codebase and plugins. Integral’s core code hosts the basic functionality required for the DEX’s critical functionality. It manages liquidity pools and the basic mechanics of DEX operation. Plugins extend DEX functionality and resolve codebase inflexibility issues. These custom plugins introduce features such as dynamic fees and liquidity mining, allowing DEX DAOs to tailor functionality to their needs.

Aori

Aori is a high-frequency off-chain order book for market makers, providing non-custodial on-chain settlement for spot trading.

Infrared Finance

Infrared Finance is a proof-of-liquidity protocol designed to support liquidity staking in the Berachain ecosystem in the context of Proof-of-Liquidity (PoL).

PFP

Berachain is a meme chain that originated from Smoking Bears NFTs, dating back to the Bong Bears series of NFTs launched in August 2021. The NFT rebase later released new collections of Boo Bears, Baby Bears, Band Bears and Bit Bears.

Subsequently, the NFT project - The honey jar - came into being. The honey jar is an ecological project built on Berachain by Berachain seed investor janitooor.eth and 11 other members of the team. It is an unofficial community NFT project and has currently put two rounds of NFT on sale, namely Honey Comb and Gen 1 The Honey Jar. The Honey Jar has partnerships with various NFT and DeFi projects. Benefits for Honeycomb holders include airdrops, access to exclusive staking events, testing beta versions, and more.

The Berachain ecosystem also includes Bera collective, Bera punks, Beratic, Bumbibera, Cookedcxnts, Cooked cxlture, Cocaineberas, Cubhub, Berachill, Mibera maker, Scatter, Kingdomly, Beradoge, babybera and other NFT projects.

GameFi

Wizzwoods

Wizzwoods is an inter-chain synthesis Twitter plug-in simulation game that introduces an inter-chain synthesis mechanism. The main game content is to build a farm. Players can collect and combine NFTs from different EVM chains to improve their farm management efficiency and enrich their magical journey.

boink

It is a gambling game in the Berachain ecosystem. Players deposit Bera into the prize pool and reset the countdown, with each deposit resetting the timer. When time reaches zero, the last person to deposit Bera wins all Bera in the pool.

Beramonium

Beramonium is a blockchain game from Berachain, and they released an idle role-playing game called “Gemhunters”. In this game, players can put their Beramium Genesis beras on missions to earn gems that can be exchanged for NFTs from other well-known Berachain projects such as Honey Combs, Beradoges, etc. NFTs are minted at 0.045 ETH.

Paragonsdao

It is a gaming community dedicated to making quality web3 games accessible to the masses. Its product, the Player Management System, lends game assets, allowing users to use the NFTs needed for the game for free, and in return, players share the revenue with ParagonsDAO.

Beratone

BeraTone is a multiplayer life simulation role-playing game for PC and mobile devices from the Berachain ecosystem. At the heart of the BeraTone experience is a farming and life simulation game. Each player has their own piece of land, which they can freely customize and expand. Players can tend crops, find resources, raise animals and livestock, trade with other farmers, and more.

Infrastructure

Hyacinth

It is a decentralized audit platform with on-chain verification. Protocols can seek auditors by minting NFTs and depositing bounties.

Shogun

Shogun is an intent-centric protocol designed to maximize Trader Extractable Value (TEV) through optimized order flow and complete chain abstraction. Shogun is Binance Labs’ sixth-season incubation project.

NFT market

Protecc labs

Protecc Labs is an NFT market maker protocol. Protecc Labs provides algorithmic liquidity solutions for NFTs.

Scatter

NFT market and issuance platform where users can create, mint, buy and sell NFTs.

Kingdomly

The NFT platform can issue, mint, and trade NFTs.

BeraMarketNFT

NFT market platform that can issue and trade NFTs.

Caviar

Caviar is an NFT AMM that replaces the traditional order book model with a liquidity pool and AMM algorithm.

Gumball

An NFT market focused on NFT liquidity. Every GumBall NFT minted on the protocol is backed by a liquid asset such as ETH and a corresponding ERC20 token (Gumball Token or GBT). The pricing of these GBT tokens is controlled by the AMM bonding curve so that each gNFT always has a true market value.

FOMO HOUSE

FOMO HOUSE is an NFT-Fi protocol focused on incentivizing NFT liquidity.

Sudoswap

Sudoswap is an omnichain NFT AMM liquidity market that received a $12.5 million private placement round at the end of 2022. After Berachain was officially launched, Sudoswap supported the bridging of blue-chip NFTs, bridging many NFTs on the main network to Berachain and providing incentives.

Berasleep

NFT issuance platform.

Other

Berabonk

Berabonk is an on-chain Meme token designed to support early adopters and builders of the berachain ecosystem. 64.2% of its tokens will be used for airdrops, 33% will be airdropped to berabonk NFT holders, 6.9% will be airdropped to Bong Bears NFT holders, 4.2% will be airdropped to honeycomb NFT holders, and 20.1% will be airdropped to others Cooperation projects.

Standard & Paws

Standard & Paws is a project credibility rating system within the Berachain ecosystem, used to evaluate the legitimacy of projects. Community members can evaluate projects and have their evaluations reviewed. Once passed, the evaluation is approved, published on the S&P platform, and available for review by a wider audience. Active community members who continuously evaluate projects may earn the official Community S&P Assessor designation.

Henlo.Tech

A SocialFi project in the Berachain ecosystem

Beraplug

A meme token in the Berachain ecosystem. The PLUG airdrop will be launched on February 15. Honeycombs holders, Bong Bears and rebase NFT holders, MIJANI holders, Ooga Booga Tickets holders, and Beraplug NFT holders can receive airdrops.

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