Pol V2和Berachain：建立更强的区块链生态系统

Berachain的Pol V2引入了一种新的流动性和价值分配方法，有可能为区块链可持续性和用户参与的新标准设定新标准。

PoL v2 and BeraChain: Building a Stronger Blockchain Ecosystem

Pol V2和Berachain：建立更强的区块链生态系统

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的创新Pol V2机制正在引起浪潮，从简单的流动性激励措施转变为闭环价值系统，有可能为区块链可持续性树立新标准。这一切都是关于制作主角的主要硬币，贝拉（Bera）是节目的明星。

Understanding PoL v2: A Paradigm Shift

了解Pol V2：范式转变

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.

传统的区块链通常很难将其生态系统的增长与本国代币的价值联系起来。 Berachain的流动性证明（POL）旨在解决此问题。 V2升级是关键迭代，将33％的Dapp贿赂激励措施重定向到Bera Stakers。这似乎是一个小的调整，但这是主网资产如何捕获价值的重大转变。

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，在发布后三个月内超过了1.2B美元。但是，奖励主要使BGT持有人受益。 POL V2引入了双通道分配（67％BGT / 33％BERA），使Bera持有人能够赚取协议级别的收入而无需复杂的DEFI策略。将其视为将BERA从简单的天然气令牌升级到真正的创收资产。

The Subtleties of the Mechanism

机制的微妙之处

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.

关于V2的很酷的事情之一是，它不依赖于使令牌供应的膨胀。取而代之的是，它重新分配了现有的激励措施，从而对Bera产生了持续的购买压力。当前的数据显示，每周都会将贿赂激励措施汇入约5万美元至12万美元的贿赂激励措施。

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.

该系统还通过为其保留67％的贿赂激励措施来保护BGT持有人。这保持了激励杠杆作用，并避免了治理令牌上的流动性。

Triple Positive Feedback Loop

三重正反馈循环

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

新模型创建了一个积极的反馈循环，使每个人都受益。

For Retail Investors: Low Barrier to Entry

对于散户投资者：入境障碍的低障碍

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现在提供两个收入流。与其他需要流动性提供或治理参与的L1相比，Berachain的Staging模型大大降低了进入障碍。这一切都是关于“存放等于收入的”。

For Builders: A New Playground

用于建筑商：一个新的操场

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

项目所有者可以利用Bera的收入属性来设计创新的机制，从而进一步增强生态系统。

For Investors: A New Valuation Model

对于投资者：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当前的市场价值/TVL比率大大低于其他新的公共连锁店。随着贝拉获得盈利能力，其估值可能会转向折现现金流模型。这意味着投资者可能会根据BERA的产生一致收入的能力开始对BERA进行评估。

Risks and Challenges

风险和挑战

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

当然，没有系统是完美的。有一些潜在的风险要考虑：

• 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

行业含义

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的实验强调了一个关键趋势：下一代公共连锁店将竞争价值分配效率，而不仅仅是TPS和低汽油费。当其他人使用DAOS或MEV回购时，Pol V2通过协议设计将生态价值直接注入主要货币。

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.

如果该模型证明成功，其他L1可能会效仿。随着流动性开采的消失，关键问题是：链如何创造自身的真实需求？ Berachain的回答：使主要货币成为生态系统成功的主要受益者。

Final Thoughts

最后的想法

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是一个大胆的行动，旨在创建一个更可持续和用户友好的区块链生态系统。通过优先考虑其本地令牌的价值并简化参与，Berachain将自己定位为不断发展的区块链技术世界中的竞争者。观看这是一个令人兴奋的发展，这可能只是下一代成功的L1的蓝图。因此，请注意Berachain - 它将是Legen ...等待它... Dary！