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SunStorm
@sunstormzz
🐻The anatomy of BoogaBeras 🐻 BoogaBeras is more than simply an NFT, it's dynamic of the BeraChain ecosystem. From running validators on Berachain and Cosmos to using Liquid Staking Tokens (LSTs), BB holders can earn staking rewards while maintaining liquidity. Customize your Dynamic NFTs for unique rewards, and acquire governance power with $BOOGA by staking. More details in the thread below ⬇️.
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SunStorm
@sunstormzz
Berachain Validator On mainnet, they will run their own Berachain validator to pay rewards to holders and strategically distribute incentives. They can set up an incentive structure for the Berachain (BB) ecosystem by utilizing the support of their community and BGT delegations. Their validator will not only maintain the security of the chain and block production but will also have an impact on total incentive allocation. This will help to increase the Booga Beras collection while also benefiting holder. The community will help shape the chain by sending BGT delegations to appropriate locations.
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SunStorm
@sunstormzz
Cosmos validator BoogaBeras will operate Cosmos ecosystem validators under the BB brand and distribute generated incentives to holders. The community can delegate liquidity to BB validators, allowing them to contribute to brand growth while collecting rewards. This strategy, when used across many chains, allows users to profit from both native staking APRs and validator commissions. Rewards will be provided within Berachain, drawing external liquidity and encouraging chain expansion.
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SunStorm
@sunstormzz
VaseFinance LSTs BoogaBeras, created by the Vase Finance team, will utilize Vase's Liquid Staking Tokens (LSTs) to allow staking in native POS chains while maintaining liquidity. By implementing LSTs, BB holders can earn native APRs (10-16%) while still participating in Berachain DeFi. This method integrates Cosmos liquidity into Berachain and highlights the benefits of Vase Finance's platform for validators and stakeholders, consequently driving ecosystem growth.
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SunStorm
@sunstormzz
Trait The BoogaBeras collection conforms to the Dynamic #NFT standard, which enables users to fully customize their NFTs via The Lair by re-rolling traits. This improves the collection's identity and brand visibility through refined 3D art. Visual characteristics modify the appearance of NFTs while retaining rarity values. NFTs with higher rarities have additional customization possibilities, whereas those with lower rarities have access to traits from the same tier. Utility features enable users to increase specific rewards, such as validator or governance incentives, personalizing their strategy and maximizing their chosen benefits.
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SunStorm
@sunstormzz
The contract BoogaBeras' system of governance makes use of the $BOOGA token, which is gained by staking NFTs in the Warden contract. This currency rewards loyalty and gives early stakers more voting power. The longer an NFT is staked, the more $BOOGA it earns, increasing its value and governance power. Governance is community-driven, with suggestions debated on Discord and voted on through the Booga Beras dashboard. Voting power is determined by the number of BB NFTs and the related $BOOGA.
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SunStorm
@sunstormzz
The treasury 10% of the earnings from the BoogaBeras mint, as well as a percentage of the ecosystem incentives, will be invested in the HoneyPot treasury to generate rewards for holders. Initially, the BB team will manage these funds, but eventually, the community will make decisions through The Warden contract. The HoneyPot enables BB holders to strategically deploy capital throughout the Berachain ecosystem, using their total influence to benefit the community.
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SunStorm
@sunstormzz
If you are bullish on Berachain then come join our Debank Channel: https://debank.com/channel/beraterminal
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