Berachain Airdrop: Everything You Need to Know

The Berachain Airdrop is creating a lot of excitement in the cryptocurrency community. This guide is designed to help you understand what the Berachain Airdrop is, how you can potentially become eligible, and the steps you need to take to prepare. Whether you're a crypto veteran or just starting, this guide will provide you with all the essential information to get ready for this potential airdrop opportunity.

What is Berachain ?

Berachain is a DeFi-centric Layer 1 blockchain that emphasizes modularity and EVM compatibility through its Polaris implementation. The platform operates a tri-token system consisting of BERA (native gas token), HONEY (stablecoin), and BGT (governance token). This structure supports a user-friendly interface and a comprehensive set of tools for developers to create and deploy applications effectively.

Proof of Liquidity (PoL) Explained

Proof of Liquidity is a novel consensus mechanism introduced by Berachain, allowing users to stake a variety of tokens and delegate this stake to validators. This model aims to mitigate issues like liquidity fragmentation and stake centralization prevalent in traditional decentralized systems. PoL enhances the chain's liquidity while bolstering Layer 1 security, enabling users to earn fees and receive block rewards. Additionally, users can mint HONEY by providing collateral and utilize these assets within the Berachain ecosystem.

Polaris: Berachain’s Modular EVM

Polaris enhances EVM compatibility by providing stateful precompiles and custom modules for smarter contracts. It can be integrated into any consensus engine or application, including Cosmos SDK, making EVM integration streamlined and cost-effective for developers.

Berachain Airdrop: Step-by-step Guide

While not officially announced, there is speculation that Berachain might conduct an airdrop once its mainnet is launched. This potential Berachain airdrop could reward early users and adopters who have engaged with the testnet, as a token of appreciation. To potentially qualify for the mainnet airdrop, follow the steps outlined below to interact with Berachain!

Faucet Testnet $BERA

To potentially qualify for the Berachain Airdrop, the first step is to acquire some $BERA tokens via the faucet. The steps are as follows:

• Visit Berachain Faucet

• Ensure you have 0.01 ETH on the Ethereum Mainnet in your wallet to pass the sybil filter.

• Once you type your address, if you have the requirements, you will receive faucet $BERA, which will be needed later on for many other interactions.

Add Berachain to Metamask

If you haven't done it yet, make sure to configure Berachain in your MetaMask. You will need to open MetaMask, go to networks on the top left corner of the pop-up, and select "add network". Scroll down and select "add a network manually". Then, you will need to type one by one the following configuration:

• Network: Berachain Artio

• RPC URL: https://bartio.rpc.berachain.com

• Chain ID: 80084

• Currency Symbol: BERA

• Block Explorer URL: https://bartio.beratrail.io

Congratulations! You now have some $BERA tokens and the Berachain testnet added to your MetaMask. You're ready to interact with the various dApps available, potentially increasing your chances of qualifying for the Berachain Airdrop.

Interact with Berachain DApps

We've completed the initial steps and are now ready to engage with various native dApps on Berachain, potentially enhancing our eligibility for the Berachain Airdrop. The current examples available include the following; remember that for each, we must connect our wallet, agree to the terms, and approve each transaction before submitting:

• Swap on Berachain's Native AMM: BEX Swap

We recommend swapping $BERA for both $STGUSDC and $HONEY (the latter is optional since we will mint some in the next step).

• Mint $HONEY on Honey

Next, we will mint some $HONEY using $STGUSDC, using the provided link.

• Adding liquidity to the $HONEY - $WBERA using this link

In the previous steps, we played with swapping different tokens and minting $HONEY. But one of the most important steps is to make sure we obtain $BGT tokens. They are currently (among others) being rewarded for providing liquidity to the $HONEY - $WBERA pool.

Make sure to use the BEX swap AMM to get both $HONEY and $WBERA, and provide liquidity to the pool. If we provide enough liquidity, eventually we will receive $BGT as rewards.

• Supply Assets & Borrow HONEY using Bend

An additional step we will take to qualify for a potential Berachain airdrop and receive $BGT rewards is supplying assets using Bend. It is worth interacting with Bend and depositing $HONEY, and trying to borrow against it. In this case, we can deposit $HONEY and $wETH, which we obtained by swapping $BERA for it using BEX swap. Once we've supplied $HONEY and deposited $wETH, we will be able to borrow against them and start receiving $BGT as rewards.

• Trade Berpetuals on Berps

As any web3 project, Berachain has its own perpetuals (or rather Berpetuals!) protocol, which will introduce you to perpetuals and allow you to go full degen using Berachain testnet tokens while potentially qualifying for an Berachain airdrop.

All we need to do is go to Berps, connect our wallet, and short/long BTC, ETH, TIA, or ATOM, with the amount of leverage that we want and setting limit orders or not. In our case, we've gone full degen longing $ETH at x40 using 1 $HONEY as collateral. We approve our tokens and place our order, and we're good to go!

• Delegate $BGT using Berachain Station

This step will be available for us once we've got enough $BGT tokens. If we go to the rewards page, we will be able to see all the actions that are accruing $BGT tokens for us.

Once we have enough tokens, we will be able to go to the delegate tab, select a validator, select the amount of $BGT we want to delegate, and approve the transaction.

Enhanced your Participation in Berachain Airdrop

To maximize your engagement and potential eligibility for future rewards, keep entering your wallet every couple of days to receive faucet tokens, and repeat to maximize your $BGT amount, since it is the most scarce asset and chances are that it will be relevant in the future.

Additional Tips for Berachain Airdrop

Explore these additional tips to potentially qualify for a Berachain Airdrop. Engage in Galxe Quests or deploy smart contracts on the testnet to increase your chances, even though the airdrop isn't confirmed.

• Galxe Quests: Participate in weekly and monthly quests on Galxe if still available to earn points and enhance your engagement within the ecosystem.

• Deploy Smart Contracts: For more advanced users, some guides recommend utilizing platforms like Remix to deploy smart contracts and further interact with the Berachain testnet, but we would only recommend doing so if you have some smart contract deployment experience.

Although an Berachain airdrop is not confirmed, actively participating in the testnet can help in determining eligibility and criteria for potential rewards.

Use Cases on Berachain

For DeFi Users: Berachain BEX

BEX is Berachain’s decentralized exchange, where users can add liquidity to asset pools and earn trading fees and incentives. BEX introduces House pools, generating BGT rewards, and Metapools, increasing capital efficiency across the chain.

For Lenders: Berachain Bends

Berachain Bends allows users to earn interest and rewards by supplying assets like ETH, BTC, and USDC, and borrowing HONEY. Users can contribute to platform liquidity and earn BGT rewards by utilizing and borrowing HONEY within the ecosystem.

Trading Opportunities: Berachain Berps

Berps offers perpetual futures contract trading with extensive asset access, enabling robust, liquidity-efficient, and user-friendly trading experiences.