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Monteluna
@monteluna
Going through the Berachain POL v1.1 proposal. A short and sweet on first glance: 1. Cut BGT emissions as a whole. 2. Redirect some of the cuts into subsidizing major BERA pairs to drive removing BERA from the market and locking into LP (BERA-HONEY, BERA-wBTC, etc). 3. BGT boost incentives should only be in BERA, and take a cut of these incentives to be owned directly by the chain as Chain Owned Liquidity. It's like if the Ethereum Foundation took a page out of OlympusDAO and market made it's own DEX with an enshrined on-chain Aerodrome using the chain's native token. Do not be distracted by the Berabaddies anon. There's some good stuff on chain here. https://forum.berachain.com/t/pol-v1-1-bera-in-control/107
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Carl Gustaf 👨🏼💻
@0xbob
A very welcome change. I’m happy to see that they understood the current situation need to be changed and making changes with $BERA capture 🤩
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Monteluna
@monteluna
Idk I'm skeptical. One of the things I constantly get into with people is a lot of these mechanism designs don't really have any correlation to fees or profits. Sometimes the only answer is macro tailwinds. It does make more sense to route boost incentives to be BERA exclusive, but you can't tell me the recent and future price movements will have anything to do with that.
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Carl Gustaf 👨🏼💻
@0xbob
No I totally agree, I only read a few views on it but if it actually gives value accrual to BERA will be interesting. The eco system is very interesting to say the least from my point of view.
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Monteluna
@monteluna
Curious if MegaETH will do something like this. I'm not even sure what the native token will be, but the playbook is clear: Run an enshrined Aerodrome on your chain that connects native tokens to liquidity incentives. Everyone on Berachain is already aligned well, it just takes some market tailwinds to shift narratives and get people interested in moving liquidity.
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