How'd i go regarding adding more value to $BERA token?
I'll go through list of solutions that i think can somehow add more value to $BERA, to be treated as an investment vehicle rather than (another POS token):
1- Study history
Most of rebase / inflationary token gained value by 1) locking the token and 2) diverging real incentives from the economic value generated from the system to the main token (e.g: $CRV $VELO $AERO $SOLID ..)
What the economic value in Berachain case? Native apps
By that, pro rata, the first focus should be to generate real and continuous revenue from the foundation apps (BEX fees, BEND spreads and $HONEY backing that can dfntly generate T-bills earnings), support them fully in liquidity and priority in incentives, and direct the rewards generated to $BERA holders NOT TO $BGT holders, as $BGT holders ddnt contribute anything to the main apps to receive the right to gain economic value from it
2- Be liquid
$BERA major LP tokens should be incentivized with a pre-set inflation rate REGARDLESS AND WITHOUT TAKING ACCOUNT of the fees the pools are generating, and most of the liquidity should be on BEX to retain more value to $BERA indirectly through rebalancing fees
Major pools are: $wwBERA / $wETH + $BERA / $HONEY + $wBERA / $wBTC + $HONEY / $USDC.e
Can this be done in reality? dfntly, as validators decision is pseudo-manual and not decided based on incentives, by that the foundation should use it's own validators to direct incentives for those pools
3- Tokenomics change
Received many good comments and dms suggestions a lot of stuff on the tokenomics level, i will combine with some ideas i had and some samples i liked:
- $veBERA , earns from 1) + boosts 2) LPs to get more $BGT emissions (a la @CurveFinance) >>> $veBERA must not be obtained by any early stage investors
- Buybacks for $BERA from 1)
My real solution is very communist for the chain so i'd rather go with something more doable technically on the ground and can actually at the end be implemented
Curious of what you guys think, Beras will win at the end, but first, we need them united and aligned on a single purpose
N.B: you should think of berachain as a super defi app rather than POS chain, you go with this initial approach and you shall find the solution
The flow in Berachain $BERA token design is that the optimization to benefit from the chain upside is being done completely on a soft pegged $BERA, but with 0 hard correlation to $BERA token
- if bribes up > you need to buy LSTs ( $iBGT , $LBGT ..) which reflect in 0 buying power on $BERA
- BEX fees up > you need to buy LSTs, same issue
- Chain fees are peanuts so we will not account for
Only edge for $BERA is to be staked in the validators for 5% yield and a tiny share of the bribes (you have less than 50 validators, where you need 1 or 2 of them to be active and competing, max is 10m $BERA)
Pseudo-rebase tokens worked because it requires people to lock the token for multi years ( $veCRV $veVELO $veAERO ), where here, buying power on $BERA doesn't exist
- someone would argue that price follow attention?
well yes, but that's not what you should optimize for, and the market clearly not going in this direction
- someone would argue that $BERA could be locked to be LPed with eco token?
with time, im thinking that LPing with $BERA is the wrong approach and should rather LP with $BGT LST (that what we had planned with $IVX early on) or LP with $HONEY
- someone would argue that "the base floor case for BERA is to be a simple POS chain, and rest is upside no"?
i'd argue that Berachain is an ETH hard fork, so you don't have an upside offering another POS chain, and no one cares, Berachain power is in its economic design, where i'd see Berachain as Defi super app rather than a chain, which is mostly the case
- someone would argue that "the point is to have $BGT unclaimed and by that inflation is low right"?
Well, that's not how rational investors think, and not everyone can claim BGT without financial activity, and with the rate of inflation, all value will be locked mostly in $iBGT rather than in $BERA or even $BGT (because you can take an financial upside by buying $iBGT rather than financially contributing to the chain), by that, also unvalid point
This is not a fud post, i'm just curious of a public discussion of what the end goal is, and why exactly you should buy $BERA
4,972
0
本页面内容由第三方提供。除非另有说明，欧易不是所引用文章的作者，也不对此类材料主张任何版权。该内容仅供参考，并不代表欧易观点，不作为任何形式的认可，也不应被视为投资建议或购买或出售数字资产的招揽。在使用生成式人工智能提供摘要或其他信息的情况下，此类人工智能生成的内容可能不准确或不一致。请阅读链接文章，了解更多详情和信息。欧易不对第三方网站上的内容负责。包含稳定币、NFTs 等在内的数字资产涉及较高程度的风险，其价值可能会产生较大波动。请根据自身财务状况，仔细考虑交易或持有数字资产是否适合您。