Berachain is a new blockchain platform that works with Ethereum's system. It uses a unique method called Proof of Liquidity (PoL) to secure the network. In this system, you can stake your assets to help the network and still use them in decentralized finance (DeFi) activities. This means you earn rewards while keeping your assets active.
Berachain has three types of tokens:
1. BERA: Used to pay for transaction fees.
2. BGT: Allows you to participate in decision-making for the network.
3. HONEY: A stablecoin used within DeFi applications.
