{"id":15536,"date":"2024-03-15T18:45:59","date_gmt":"2024-03-15T18:45:59","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=15536"},"modified":"2024-03-15T14:18:09","modified_gmt":"2024-03-15T14:18:09","slug":"bearish-defi-project-berachain-raises-69-million","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bearish-defi-project-berachain-raises-69-million\/","title":{"rendered":"Bearish DeFi Project Berachain Raises $69 Million"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:247\">Berachain, a decentralized finance (DeFi) project built around a bear theme, is on the verge of achieving &#8220;unicorn&#8221; status after securing over $69 million in its latest funding round, according to sources close to the matter reported by Bloomberg.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bearish-defi-project-berachain-raises-69-million\/#Soaring_Valuation_After_Token_Sale\" title=\"Soaring Valuation After Token Sale\">Soaring Valuation After Token Sale<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bearish-defi-project-berachain-raises-69-million\/#Cosmos-Based_DeFi_Platform_with_Unique_Tri-Token_System\" title=\"Cosmos-Based DeFi Platform with Unique Tri-Token System\">Cosmos-Based DeFi Platform with Unique Tri-Token System<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bearish-defi-project-berachain-raises-69-million\/#Building_on_Previous_Success\" title=\"Building on Previous Success\">Building on Previous Success<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/bearish-defi-project-berachain-raises-69-million\/#Mainnet_Launch_on_the_Horizon\" title=\"Mainnet Launch on the Horizon\">Mainnet Launch on the Horizon<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/bearish-defi-project-berachain-raises-69-million\/#Proof_of_Liquidity_Consensus_Mechanism\" title=\"Proof of Liquidity Consensus Mechanism\">Proof of Liquidity Consensus Mechanism<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-sourcepos=\"5:1-5:38\"><span class=\"ez-toc-section\" id=\"Soaring_Valuation_After_Token_Sale\"><\/span><strong>Soaring Valuation After Token Sale<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"7:1-7:201\">This funding round, led by Brevan Howard Digital and Framework Ventures, is expected to propel Berachain&#8217;s valuation to a staggering $1.5 billion. The funds were reportedly raised through a token sale.<\/p>\n<h2 data-sourcepos=\"9:1-9:59\"><span class=\"ez-toc-section\" id=\"Cosmos-Based_DeFi_Platform_with_Unique_Tri-Token_System\"><\/span><strong>Cosmos-Based DeFi Platform with Unique Tri-Token System<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"11:1-11:221\">Built on the Cosmos blockchain and compatible with the <strong><a href=\"https:\/\/coinengineer.net\/blog\/bnb-chain-announces-bep-336-upgrade-inspired-by-ethereums-eip-4844\/\">Ethereum<\/a> Virtual Machine (EVM)<\/strong>, Berachain offers a suite of DeFi services including trading, lending, and borrowing. The platform leverages a unique tri-token system:<\/p>\n<ul data-sourcepos=\"13:1-16:0\">\n<li data-sourcepos=\"13:1-13:61\"><strong>bera:<\/strong>\u00a0The native gas token used for network operations.<\/li>\n<li data-sourcepos=\"14:1-14:63\"><strong>honey:<\/strong>\u00a0A stablecoin designed to maintain price stability.<\/li>\n<li data-sourcepos=\"15:1-16:0\"><strong>BGT:<\/strong>\u00a0A non-transferable governance token.<\/li>\n<\/ul>\n<p data-sourcepos=\"17:1-17:156\">Berachain&#8217;s mechanism allows users to stake bera tokens to earn BGT governance tokens and receive rewards in honey for participating in platform governance.<\/p>\n<h2 data-sourcepos=\"19:1-19:32\"><span class=\"ez-toc-section\" id=\"Building_on_Previous_Success\"><\/span><strong>Building on Previous Success<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"21:1-21:260\">This latest funding round adds to the $42 million Berachain secured in a private token sale last year. That round was led by Polychain Capital with participation from prominent firms like Hack VC, Shima Capital, Robot Ventures, and Goldentree Asset Management.<\/p>\n<h2 data-sourcepos=\"23:1-23:33\"><span class=\"ez-toc-section\" id=\"Mainnet_Launch_on_the_Horizon\"><\/span><strong>Mainnet Launch on the Horizon<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"25:1-25:170\">Berachain is gearing up for its mainnet launch, currently scheduled for the second quarter of 2024. In January, the project launched its public testnet dubbed &#8220;Artio.&#8221;<\/p>\n<h2 data-sourcepos=\"27:1-27:42\"><span class=\"ez-toc-section\" id=\"Proof_of_Liquidity_Consensus_Mechanism\"><\/span><strong>Proof of Liquidity Consensus Mechanism<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"29:1-29:476\">Berachain&#8217;s network employs a novel consensus mechanism called &#8220;proof of liquidity.&#8221; This mechanism, according to the Berachain team, bolsters security by incentivizing increased liquidity. Unlike traditional proof-of-stake networks where users can choose between staking with validators or providing liquidity on DeFi platforms, Berachain&#8217;s proof-of-liquidity system mandates users to contribute liquidity to specific DeFi primitives before participating in network security.<\/p>\n<p><em>In the comment section, you can freely share your comments about the topic. Additionally, don\u2019 t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n<div class=\"blog-share text-center\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Berachain, a decentralized finance (DeFi) project built around a bear theme, is on the verge of achieving &#8220;unicorn&#8221; status after securing over $69 million in its latest funding round, according to sources close to the matter reported by Bloomberg. Soaring Valuation After Token Sale This funding round, led by Brevan Howard Digital and Framework Ventures,<\/p>\n","protected":false},"author":1,"featured_media":15537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3787,93,4663],"class_list":["post-15536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-berachain","tag-defi","tag-ethereum-virtual-machine-evm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bearish DeFi Project Berachain Raises $69 Million - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Berachain, a bear-themed DeFi platform, nears unicorn status after a $69 million funding round reported by Bloomberg.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bearish-defi-project-berachain-raises-69-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bearish DeFi Project Berachain Raises $69 Million - 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