Pol V2和Berachain：建立更強的區塊鏈生態系統

Berachain的Pol V2引入了一種新的流動性和價值分配方法，有可能為區塊鏈可持續性和用戶參與的新標准設定新標準。

PoL v2 and BeraChain: Building a Stronger Blockchain Ecosystem

Pol V2和Berachain：建立更強的區塊鏈生態系統

BeraChain's innovative PoL v2 mechanism is making waves, shifting from simple liquidity incentives to a closed-loop value system, potentially setting a new standard for blockchain sustainability. It's all about making the main coin, BERA, the star of the show.

Berachain的創新Pol V2機制正在引起浪潮，從簡單的流動性激勵措施轉變為閉環價值系統，有可能為區塊鏈可持續性樹立新標準。這一切都是關於製作主角的主要硬幣，貝拉（Bera）是節目的明星。

Understanding PoL v2: A Paradigm Shift

了解Pol V2：範式轉變

Traditional blockchains often struggle to directly link the growth of their ecosystem with the value of their native tokens. Berachain's Proof of Liquidity (PoL) aims to fix this. The v2 upgrade is a key iteration, redirecting 33% of DApp bribery incentives to BERA stakers. This might seem like a small tweak, but it’s a major shift in how mainnet assets capture value.

傳統的區塊鏈通常很難將其生態系統的增長與本國代幣的價值聯繫起來。 Berachain的流動性證明（POL）旨在解決此問題。 V2升級是關鍵迭代，將33％的Dapp賄賂激勵措施重定向到Bera Stakers。這似乎是一個小的調整，但這是主網資產如何捕獲價值的重大轉變。

PoL v1 successfully boosted Berachain's TVL, exceeding $1.2B within three months of launch. However, the rewards primarily benefited BGT holders. PoL v2 introduces a dual-channel allocation (67% BGT / 33% BERA), allowing BERA holders to earn protocol-level income without needing complex DeFi strategies. Think of it as upgrading BERA from a simple gas token to a bonafide income-generating asset.

Pol V1成功地提高了Berachain的TVL，在發布後三個月內超過了1.2B美元。但是，獎勵主要使BGT持有人受益。 POL V2引入了雙通道分配（67％BGT / 33％BERA），使Bera持有人能夠賺取協議級別的收入而無需複雜的DEFI策略。將其視為將BERA從簡單的天然氣令牌升級到真正的創收資產。

The Subtleties of the Mechanism

機制的微妙之處

One of the cool things about v2 is that it doesn't rely on inflating the token supply. Instead, it redistributes existing incentives, creating a continuous buying pressure on BERA. Current data shows about $50K-$120K in bribery incentives are funneled into the BERA staking pool weekly.

關於V2的很酷的事情之一是，它不依賴於使令牌供應的膨脹。取而代之的是，它重新分配了現有的激勵措施，從而對Bera產生了持續的購買壓力。當前的數據顯示，每週都會將賄賂激勵措施匯入約5萬美元至12萬美元的賄賂激勵措施。

The system also protects BGT holders by reserving 67% of bribery incentives for them. This maintains the incentive leverage and avoids a liquidity run on the governance token.

該系統還通過為其保留67％的賄賂激勵措施來保護BGT持有人。這保持了激勵槓桿作用，並避免了治理令牌上的流動性。

Triple Positive Feedback Loop

三重正反饋循環

The new model creates a positive feedback loop that benefits everyone involved.

新模型創建了一個積極的反饋循環，使每個人都受益。

For Retail Investors: Low Barrier to Entry

對於散戶投資者：入境障礙的低障礙

Staking BERA now offers two income streams. Compared to other L1s that require liquidity provision or governance participation, Berachain's staking model significantly lowers the barrier to entry. It's all about "staking equals income."

Staking Bera現在提供兩個收入流。與其他需要流動性提供或治理參與的L1相比，Berachain的Staging模型大大降低了進入障礙。這一切都是關於“存放等於收入的”。

For Builders: A New Playground

用於建築商：一個新的操場

Project owners can leverage BERA's revenue attributes to design innovative mechanisms, further enhancing the ecosystem.

項目所有者可以利用Bera的收入屬性來設計創新的機制，從而進一步增強生態系統。

For Investors: A New Valuation Model

對於投資者：新的估值模型

Berachain's current market value/TVL ratio is significantly lower than other new public chains. As BERA gains profitability, its valuation may shift towards a discounted cash flow model. This means investors might start valuing BERA based on its ability to generate consistent revenue.

Berachain當前的市場價值/TVL比率大大低於其他新的公共連鎖店。隨著貝拉獲得盈利能力，其估值可能會轉向折現現金流模型。這意味著投資者可能會根據BERA的產生一致收入的能力開始對BERA進行評估。

Risks and Challenges

風險和挑戰

Of course, no system is perfect. There are some potential risks to consider:

當然，沒有系統是完美的。有一些潛在的風險要考慮：

• Short-term Gaming Risk: BGT stakers might move to other ecosystems due to incentive dilution.
• Mechanism Complexity: Understanding the interactions between PoL, BGT, and BERA can be a bit complex for some users.
• Regulatory Scrutiny: The compliance of vote-buying incentives is still uncertain.

Industry Implications

行業含義

Berachain's experiment highlights a key trend: the next generation of public chains will compete on value distribution efficiency, not just TPS and low gas fees. While others use DAOs or MEV buybacks, PoL v2 directly injects ecological value into the main currency through protocol design.

Berachain的實驗強調了一個關鍵趨勢：下一代公共連鎖店將競爭價值分配效率，而不僅僅是TPS和低汽油費。當其他人使用DAOS或MEV回購時，Pol V2通過協議設計將生態價值直接注入主要貨幣。

If this model proves successful, other L1s might follow suit. As liquidity mining fades, the key question is: how can a chain create real demand for itself? Berachain's answer: make the main currency the primary beneficiary of the ecosystem's success.

如果該模型證明成功，其他L1可能會效仿。隨著流動性開采的消失，關鍵問題是：鏈如何創造自身的真實需求？ Berachain的回答：使主要貨幣成為生態系統成功的主要受益者。

Final Thoughts

最後的想法

Berachain's PoL v2 is a bold move towards creating a more sustainable and user-friendly blockchain ecosystem. By prioritizing the value of its native token and simplifying participation, BeraChain is positioning itself as a contender in the ever-evolving world of blockchain technology. It's an exciting development to watch, and it might just be the blueprint for the next generation of successful L1s. So, keep your eyes on BeraChain – it's gonna be legen...wait for it...dary!

Berachain的Pol V2是一個大膽的行動，旨在創建一個更可持續和用戶友好的區塊鏈生態系統。通過優先考慮其本地令牌的價值並簡化參與，Berachain將自己定位為不斷發展的區塊鏈技術世界中的競爭者。觀看這是一個令人興奮的發展，這可能只是下一代成功的L1的藍圖。因此，請注意Berachain - 它將是Legen ...等待它... Dary！