What are Bera, BGT And Honey.

Overview Of Berachain

Berachain? 🐻 ⛓️ Airdrop Guide | BULB

Berachain is a high-performance, EVM-compatible Layer 1 blockchain known for its unique Proof-of-Liquidity consensus mechanism. Built on the Polaris framework and using the Comet BFT consensus engine, Berachain creates a synergistic environment between validators and its ecosystem.

Berachain tokens


The $BERA token serves two main purposes on the Berachain network:

  • Activating validator nodes by staking: The economic worth of all $BERA tokens staked adds up to build the security of the chain.
  • Purchasing transactions on the blockchain ($BERA, also known as the “gas token”).

How to get $BERA

Testnet $BERA tokens are offered through various Berachain faucet


The only way to obtain $BGT is to offer liquidity in PoL-eligible assets, such as liquidity on Bex. $BGT is not transferable.

Earning $BGT

  • Depositing funds for an LP pair that generates $BGT emissions in the native Bex.
  • $HONEY borrowed for Bend.

What can you do with $BGT


 $BGT holders are responsible for a wide variety of ecosystem decisions, discussed in governance.

Burning for $BERA

$BGT can be burned 1:1 for $BERA. This is a one-way function, and $BERA cannot be converted into $BGT.


 $HONEY is Berachain’s native stablecoin, designed to provide a stable and reliable means of exchange within the Berachain ecosystem and beyond.

How to Get $HONEY?

$HONEY can minted by depositing whitelisted collateral into the a vault, and minting $HONEY against that collateral.

The minting rates of $HONEY are configurable by $BGT governance for each different collateral.

Lending – Bend

  • Bend uses $HONEY by letting users add to the bend’s $HONEY liquidity pool and it earns interest on it by supplying.
  • For users that supply their $HONEY, they receive an equivalent token
  • $HONEY is the only asset that Bend accepts to earn an interest on.

Perpetual Futures – Berps

  • Berps uses $HONEY as the base token for all trading collateral, payouts, and deposits.
  • $HONEY holders can passively earn by providing trading liquidity in the $bHONEY vault