Emre Yumlu 
Coinbase International, the global futures platform of the largest cryptocurrency exchange in the United States, has announced that it will list the increasingly popular altcoin Berachain (BERA) on its futures market.
“Coinbase will support Berachain perpetual futures.
The opening of our BERA-PERP market will begin on or after 17:00 UTC on February 6, 2025.”
What is Berachain?
Berachain is a new blockchain designed to solve the consensus mechanism incentive misalignment. In traditional Proof of Stake (PoS) blockchains, users are required to lock their assets in order to participate in the security model and earn staking rewards. This creates an incentive misalignment between projects that require activity and transaction volume on the blockchain and the staking security mechanism that requires asset locking.
In an efficient market, users could stake their assets with less risk while gaining more rewards, but their likelihood of utilizing decentralized applications (dApps) and services on the blockchain decreases.
Berachain aims to resolve this issue through its Proof of Liquidity (PoL) consensus mechanism. PoL is an extension of PoS with restructured incentive mechanisms that encourage DeFi activity while avoiding asset locking, adding security and decentralization to the network.
What Does Berachain (BERA) Do?
Use Cases and Incentive Mechanisms: Berachain starts with three native assets: $BERA, $BGT, and $HONEY, each offering various opportunities for Berachain participants.
- $BERA: This native utility token is used for transaction fees and works similarly to Ethereum’s ETH. BERA holders can also earn governance rights by staking their tokens in reward pools.
- $BGT: The Berachain Governance Token, BGT, allows its holders to vote on network proposals and updates. It is earned through staking BERA and other accepted assets and is non-transferable. BGT strengthens governance decisions in Berachain’s DAO, where decisions on accepted assets, protocol updates, and major platform changes are made. Holders can either vote directly or delegate their votes.
- $HONEY: Berachain’s native stablecoin, HONEY, is pegged to the US dollar and supports transactions on the network. HONEY is minted through a collateralized process and aims to provide stability within the ecosystem. It is used in lending, trading, and other DeFi operations.
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