On the eve of Berachainlaunch coin, an overview of ecological characteristics and core projects

Berachain is a Layer 1 network, characterized by its PoL (Proof of Liquidity) Consensus Mechanism, aiming to align the interests of all parties. With the launch of the 'bArtio Testnet', more and more ecological protocols are participating, demonstrating a high degree of market follow for its ecology. This article will explore its various domains and core projects. This article originated from an article by DeSpread, compiled and translated by PANews. (Previous briefing: Exploration of Berachain: Technology, Community, and Future) (Background supplement: MT Capital Research Report: Breaking the Liquidity Dilemma of Public Chains, Berachain May Become a New Generation of Super L1). Disclaimer: The content of this report reflects the views of the respective authors, is for reference only, and does not constitute a recommendation to buy or sell tokens or use protocols. Any content in this report does not constitute investment advice and should not be understood as investment advice. Introduction Berachain is a Layer 1 network, characterized by the PoL (Proof of Liquidity) Consensus Mechanism, aligning the interests of validators, Liquidity providers, and protocols. Currently, Berachain is conducting the second test network 'bArtio Testnet' to address the issues found in the first test network. Many ecological protocols have already been deployed on the bArtio Testnet version. As of January 2nd, according to the official Berachain website, a total of 234 protocols are participating in the bArtio Testnet, and the accumulated number of Wallets participating in testing Berachain's PoL mechanism has exceeded 2.38 million. Although it is only in the testing network stage, these data show that the market's degree of follow-up for Berachain and its ecology is quite high. Since the end of 2024, Berachain founder Smokey The Bera has been promoting the 'Q5 Mainnet Launch', and recently hinted in a tweet about 'Q5 happening before April', indicating that the launch of the Mainnet is imminent. This has also attracted new and old users of Berachain to join the ecosystem. However, to participate in the Berachain ecosystem, one must understand its PoL mechanism. Before the Mainnet launch, various complex financial products introduced by protocols to gain advantages in the PoL mechanism have instead created a higher entry threshold for new users. This article aims to explore the various domains of the Berachain ecosystem to effectively reduce the threshold for user participation. We will discuss projects that have performed outstandingly in various domains and detail how each protocol utilizes the PoL mechanism. DEX Berachain has a native DEX called BEX, which will be launched as BeraSwap on the Mainnet. BeraSwap will support smooth Liquidity trading within the ecosystem and ensure the effective operation of the PoL mechanism. Considering the existence of BEX, other DEXs preparing to launch on Berachain are also preparing various more convenient and efficient services and strategies to effectively compete with BEX and attract users and flow funds. 2.1. Kodiak Kodiak is a DEX that stands out from the incubation project 'Build a Bera' on Berachain. In addition to supporting BEX's Uniswap v2-style feature of evenly distributing Liquidity throughout the entire price range, Kodiak also offers a centralized Liquidity AMM feature similar to Uniswap v3's CLAMM, allowing Liquidity providers to set and concentrate Liquidity within a specific range. Users can provide Liquidity in a narrow range through the CLAMM pool to farm $BGT more efficiently. In addition, Kodiak also provides an 'Island' feature to help users automatically reset and balance the CLAMM range, reducing the hassle of managing Liquidity supply positions. This feature uses BEX to rebalance Liquidity, thus establishing a complementary rather than competitive relationship. Furthermore, due to the customizability of Liquidity range, CLAMM Liquidity positions are usually difficult to be used by other protocols, but Kodiak standardizes users' CLAMM Liquidity positions through the Island feature, allowing the LP Token to be used in other protocols, promoting a more flexible and diverse ecosystem gameplay. Before the Mainnet launch, Kodiak has collaborated with many projects in the Berachain ecosystem, establishing its position as a core infrastructure. They also operate their own Berachain Node as a validator, and as of January 3rd, they have received the second highest BGT authorization in the bArtio Testnet. 2.2. Honeypot Finance Honeypot Finance is a protocol that supports all aspects of the Token lifecycle, from issuance to providing Liquidity and efficient trading, consisting of several sub-protocols: Henlo DEX: A DEX that specifically protects users from MEV attacks, providing limit orders and Batch-A2MM functionality, collecting user orders within a specific period and executing them at the same price. Dreampad: A Launchpad protocol that provides incubation and financing opportunities for projects preparing to launch on Berachain, while ensuring fair Token launch and distribution. Pot2Pump: Provides a safer meme-coin issuance and trading environment, with features such as preventing bot sniping and refunding participating users if the fundraising target is not met within 24 hours. Like Kodiak, Honeypot Finance also plans to operate as a validator after the Mainnet launch, providing its governance Token $HPOT as delegation rewards to users delegating $BGT. In addition, Honeypot Finance uses accumulated $BGT to release into the $HPOT Liquidity pool, thereby enhancing $HPOT's Liquidity. The protocol also plans to enhance Token value by using Node operation revenue to purchase and burn $HPOT, retaining the reward value paid to $BGT delegators, further consolidating $HPOT's Liquidity. In addition to the above Kodiak and Honeypot Finance, there are other protocols advocating for efficient and convenient trading functions preparing for the Berachain Mainnet, including BurrBear, which supports capital-efficient trading by aggregating three or more underlying assets with similar prices (similar to Curve Finance), Liquidity aggregator OogaBooga, and the Cross-Chain Interaction abstract trading protocol Shogun. Liquidity stake In a typical PoS network, network rewards are distributed to validators who hold a certain amount of Token and operate Nodes. Therefore, if the network itself does not have a native Token authorization structure, non-operating Nodes generally...