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The Berachain Layer 1 network aims to revolutionize the blockchain economy model with its Proof of Liquidity consensus mechanism. Its innovative approach enables the network to incentivize node operators (NoOps) and DeFi protocols to cooperate towards the common goal of gathering liquidity.
The Berachain network is powered by the governance token $BGT, the fee token $BERA, and the stablecoin $HONEY, each actively supporting the operation of the network.
On April 12th, 2024, the company hosted a Series B private funding round, raising over $100M from top-tier investors and funds, including Polychain Capital, Hashkey Capital, and others.