One deposit, two networks, multiple returns.

Written by: Frank

With the mainnet launch imminent, how can one easily and efficiently capture the most BGT/BERA on Berachain?

As Movement, Fuel, and others continue to issue tokens, Berachain, with its on-chain liquidity "flywheel" designed based on the PoL (Proof of Liquidity) mechanism, has become one of the few emerging public chains still attracting attention. However, for ordinary users, this also creates a "high wall" to participate:

From how to participate in Boyco pre-deposits to choosing DAPPs, calculating yield strategies, and dynamically participating in governance voting, each step requires a high level of on-chain experience and operational ability, hindering the vast majority of users from maximizing their capture of BERA. Currently, there are almost no available simplified tools.

Notably, StakeStone has just launched the market's first one-stop Berachain liquidity provision product, "Berachain Vault," specifically designed to simplify the process from Berachain pre-deposit activities to liquidity mining under the POL mechanism. It aims to help ordinary users easily participate in the Berachain ecosystem and seize early benefits through a one-stop service.

Can this Vault product become a "fast track" for retail investors to participate in Berachain? This article will explore the potential and value of this product in lowering barriers and optimizing yield management, starting from the emerging ecological needs represented by Berachain and combining it with the core design of StakeStone Berachain Vault.

Berachain: The "Flywheel" and "High Wall" of the POL Mechanism

When discussing Berachain, one cannot overlook its core innovation, the Proof-of-Liquidity (POL) mechanism, which requires users to provide liquidity to specific liquidity pools to earn corresponding BGT (a governance token that can be converted into BERA) rewards. The liquidity pools that can receive more BGT emissions are determined by votes from validator nodes delegated by BGT holders.

Does this sound familiar? If we replace Berachain with Curve, the POL mechanism with the ve model, and BGT with CRV, the operational logic of the two is remarkably similar—on Curve, CRV holders earn veCRV with voting weight based on different lock-up durations. The veCRV with voting weight can then be used to vote on which trading pairs can receive subsequent CRV token emissions. In other words, Berachain can be simply understood as a "public chain version of Curve," or a public chain operating based on the ve model:

Under the POL mechanism, the votes of validator nodes directly affect the emission and distribution of BGT, which undoubtedly stimulates ecological projects to actively create various liquidity incentive programs to compete for more BGT emissions, forming an ecosystem similar to "vote-buying" on Curve.

However, Berachain has embedded this logic into the underlying architecture of the chain, creating a highly collaborative "community of interests" among users, validator nodes, and DApps:

Ideally, the success of validator nodes and DApps aligns with their interests. The former is motivated to allocate more BGT emissions to DApps with high trading volumes and strong activity, while DApps can attract more users to participate in liquidity pools by increasing incentives for LP users, leading to more substantial returns from these high-volume pools.

As more users flock to liquidity pools due to high returns, the governance support and liquidity scale of DApps further increase, allowing them to compete for more BGT emission rights. This continuously expanding liquidity and governance weight not only enlarges the protocol's scale but also attracts more users and funds into the ecosystem, gradually forming a robust positive flywheel.

But new problems arise. Once the Berachain mainnet goes live, how should ordinary users determine and choose where to provide liquidity to maximize their returns?

Whether it's choosing validator nodes, ecological projects, or liquidity pools, each layer of choice requires in-depth research on dozens of options. This undoubtedly creates a "high wall" for participants.

In comparison to Curve, the Berachain ecosystem undoubtedly needs a whole ecosystem of projects to support users, among which the voting delegation platform Convex and the one-stop yield platform Yearn.finance will also be indispensable components in addressing the core pain points of ordinary users on Berachain.

Typical user dilemmas include:

• Information asymmetry: The yield situation and governance weight distribution of different DApps/liquidity pools are in dynamic flux, requiring retail investors to invest time and effort to track and study each project's dynamics to make optimal choices;

• Scale effect disadvantage: The liquidity contribution of individual retail investors is relatively small, making it difficult to compete with large funding projects or professional players in the process of competing for emission rights, thus making it hard to achieve scale effects through individual participation;

• Operational complexity: Managing liquidity, participating in governance voting, and optimizing yields simultaneously presents a high barrier for ordinary users. A slight misstep could lead to missed opportunities, such as failing to adjust voting directions or reallocate liquidity in a timely manner, which could directly impact overall returns;

In response to this demand, the full-chain liquidity asset protocol StakeStone has launched an innovative product designed specifically for the Berachain ecosystem, the Berachain Vault, becoming the first one-stop Berachain mining service platform officially recommended by Berachain.

StakeStone Berachain Vault: One Deposit, Two Networks, Multiple Returns

In the context of DeFi, a "Vault" is an automated investment strategy aimed at simplifying the user experience. Users only need to deposit assets, and the protocol automatically executes a series of financial transactions to maximize returns through various strategy combinations. However, traditional Vault products, while providing convenient asset management, have significant limitations in yield appreciation and liquidity release.

On one hand, the assets users deposit are typically non-yielding native assets like ETH, which, despite having high market recognition, do not generate direct returns. On the other hand, liquidity deposited into the Vault is often locked, making it difficult to utilize further, thus limiting users' investment flexibility.

As stETH, pufETH, rzETH, and other yield-bearing assets gradually become mainstream, Vault products have evolved to support these assets with embedded yield logic, allowing them to capture not only basic returns from PoS staking but also further enhance returns through liquidity mining, lending, and other combination strategies, maximizing users' investment returns.

Extending this thought, if the liquidity locked in the Vault could also be released in the form of Vault LP Tokens and allowed to participate in various DeFi yield scenarios, wouldn't that maximize multi-layered returns?

Taking the newly launched Berachain StakeStone Vault as an example, it is such an innovative product that not only continues the asset management function of a Vault but also opens up all dimensions of multi-layered returns through the innovation of Vault + Vault LP Token:

• Encapsulating Berachain Vault's LP assets as yield-bearing assets: Users wishing to participate in the Berachain ecosystem can deposit ETH, STONE, and other LP assets (yield-bearing or non-yield-bearing). After receiving the assets, the Vault maximizes returns by utilizing liquidity mining and governance yield strategies under the POL mechanism for specific liquidity scenarios, encapsulating them into yield-bearing Vault LP Tokens (such as beraSTONE).

• Further DeFi yield combinations based on encapsulated yield-bearing assets: Subsequently, the Vault LP Tokens can be used in various mature DeFi infrastructures on Ethereum, creating a unique parallel universe structure where the source of yield comes from Berachain and other chains, while the yield-generating activities occur on the Ethereum mainnet. This structure balances the high yields of the new chain with the abundant funds and mature DeFi infrastructure of the Ethereum mainnet, thus having the potential to become a new paradigm in the DeFi market.

In StakeStone's design mechanism, the encapsulated Vault LP Tokens possess top-tier composability, similar to ETH—they can participate in Uniswap liquidity mining, Aave/Morpho collateral lending, and even be split into PT and YT in Pendle, further amplifying returns.

Therefore, upon closer examination, the true innovation of the StakeStone Berachain Vault lies in linking an asset through secondary utilization and deep release, connecting the emerging ecosystem of Berachain with the mature network of Ethereum (or other EVM chains), forming a "multi-layered yield" flywheel effect:

• First layer of yield, PoS returns from underlying yield-bearing assets: Users can deposit ETH to obtain STONE and other full-chain liquidity assets, covering the underlying PoS returns of ETH;

• Second layer of yield, POL returns from the Berachain ecosystem: STONE deposited into the StakeStone Berachain Vault earns liquidity mining returns under the POL mechanism in the Berachain ecosystem, further encapsulating this layer of returns into Vault LP Tokens (such as beraSTONE);

• Third layer of yield, diversified DeFi strategy returns on Ethereum: The Vault LP Tokens in the form of beraSTONE can again generate returns on Ethereum through leverage, liquidity mining, and other strategies;

In this way, by combining the ecological characteristics of Berachain with the diversified on-chain yield scenarios of Ethereum, the StakeStone Berachain Vault achieves multiple reuses of an asset from emerging markets to mature ecosystems, maximizing returns while thoroughly releasing liquidity potential, significantly enhancing the utilization efficiency of a single asset, and bringing higher capital liquidity and market recognition to the Berachain ecosystem.

Through these two assets, users can not only earn substantial BERA rewards under the Berachain Proof of Liquidity (PoL) mechanism but also achieve yield stacking in mature ecosystems like the Ethereum mainnet. More importantly, users can also lock in future governance tokens, STO, by participating in the StakeStone Vault:

During the event, users holding or using beraSTONE and beraSBTC can participate in a reward pool of a total of 15 million STO, which includes 8.25 million Bera-Wave points rewards (distributed in points form, settled at TGE) and an additional 4 million STO rewards during the Boyco event; additionally, the first 10,000 early bird users (depositing ≥0.042 ETH or ≥0.0015 BTC) will receive an extra incentive of 150 STO each.

So how can one earn Bera-Wave points? It is mainly divided into basic points rules + DeFi acceleration rewards (the referral reward mechanism can be seen in the specific process below):

1. Basic Points Rules:

• Holding 1 beraSTONE earns 1 point per hour;

• Holding 1 beraSBTC earns 25 points per hour (points accumulate hourly, no additional operation required);

2. DeFi Acceleration Rewards—Depositing beraSTONE or beraSBTC into the following DeFi protocols can significantly increase the speed of point accumulation:

• Providing liquidity on Uniswap: 5 times the basic points reward.

• Precise liquidity range (±0.1%): When the liquidity range remains within the current price ±0.1%, a 6 times basic points reward can be obtained (active participation required).

• More protocol support: Future protocols like Pendle and Morpho will be launched, providing more reward opportunities and further enhancing point earnings.

Overall, these rewards cover Berachain PoL, Boyco protocol, future ecological yields, and the future token airdrop from StakeStone, providing users with comprehensive participation opportunities in Berachain & StakeStone, with a simple operational process:

1. Enter the StakeStone Vault interface, click "Deposit" to enter the StakeStone Berachain Vault interface.

2. Connect your wallet in the upper right corner.

3. Enter the invitation code to receive a 10% points boost reward (you can fill in 91852), share your personal invitation code on Twitter to earn more commission rewards (20%).

4. Deposit ETH/STONE/WETH to receive beraSTONE; deposit SBTC/WBTC/cbBTC/BTCB to receive beraSBTC (not yet opened), holding beraSTONE or beraSBTC can earn points.

• Only Ethereum mainnet assets are acceptable; if not, please click "Switch Network" to switch to the Ethereum mainnet;

• Select the asset to deposit on the left, enter the amount, and then click the "Deposit" button, confirming in your wallet;

5. Participate in DeFi protocols to earn more rewards.

It is worth noting that the current Berachain mainnet has not yet launched, so the initial operation of the StakeStone Berachain Vault will mainly focus on the Berachain pre-deposit protocol Boyco. The pre-deposit funds deployed to Boyco can not only earn direct BERA token rewards during the pre-deposit period but will also be 1:1 mapped to the mainnet, laying the foundation for comprehensive access on the future Berachain mainnet.

Once the Berachain mainnet goes live, the core functionality of the Vault will switch to the POL system of the Berachain mainnet, providing users with a one-stop Berachain liquidity mining service.

This gradual deployment path not only reduces technical and operational risks but also provides early users with the opportunity to participate in the liquidity construction of the Berachain ecosystem, allowing users to seize liquidity opportunities before the Berachain mainnet is launched and capture early liquidity mining rewards in the Boyco protocol.

Will the StakeStone Vault be a new solution for emerging on-chain ecosystems?

From the perspective of Berachain alone, the Berachain StakeStone Vault provides the earliest pre-deposit channel in the market, making it the preferred tool for seizing benefits and maximizing returns.

Especially during this critical window period when the Berachain mainnet is about to launch and the mining mechanism is about to start, it can help ordinary users lock in early benefits of the new ecosystem without facing complex technical operations, allowing retail investors to fairly participate in the ecological returns of Berachain.

However, from a broader perspective of the emerging blockchain market, the significance of this product goes far beyond that. It not only provides Berachain with an innovative liquidity management solution but also offers an entirely new development approach for the entire emerging ecosystem—encapsulating the yields of the emerging ecosystem as yield-bearing assets and connecting them with more mature mainnet infrastructures, thus becoming an important channel for cross-ecosystem liquidity and yield management.

This mechanism is particularly suitable for emerging markets like Berachain and Movement, as they often face challenges such as insufficient liquidity and incomplete infrastructure during cold starts or early ecological development. The Vault products previously launched in collaboration with Plume have preliminarily validated the feasibility of this model, and the StakeStone Berachain Vault can be seen as a further deepening of this model.

Its core value lies in allowing a user's asset to be reused across multiple ecosystems, maximizing returns while releasing liquidity potential:

• Lowering the participation threshold for emerging ecosystems: Users can seize ecological benefits through the Vault without complex operations, enabling more people to efficiently participate in local yield capture in ecosystems like Berachain, thus achieving broader user coverage;

• Enhancing the attractiveness of emerging ecosystem assets: Through the encapsulation mechanism of Vault LP Tokens, traditionally locked assets are transformed into liquid and yield-bearing assets on the Ethereum mainnet, not only improving asset utilization efficiency but also enhancing the attractiveness of emerging ecosystem assets;

• Connecting mature networks to facilitate value flow: The yield-bearing assets (beraSTONE) encapsulated by the Vault can seamlessly integrate with mature financial infrastructures like the Ethereum mainnet, further amplifying asset yields while allowing the Berachain ecosystem to establish deeper collaborative relationships with the global DeFi market;

This means that the StakeStone Vault product can not only capture local yields of emerging ecosystems but also, by encapsulating assets like LP into yield-bearing assets, endow them with higher-dimensional financial attributes, allowing them to access more abundant and mature liquidity markets like Ethereum in a structured product form, thereby enhancing capital efficiency.

The complexity of Berachain's POL mechanism and the initial asset management needs make it the best testing ground for the StakeStone Vault model. The Vault mechanism not only effectively addresses the liquidity bottleneck during Berachain's cold start phase but also injects more application scenarios and yield paths into its ecological assets:

On one hand, the automated strategies within the Vault help users efficiently capture local yields from liquidity mining and governance rewards; on the other hand, the encapsulated yield-bearing assets can participate in more mature ecosystems' multi-layered yield scenarios, such as liquidity mining on Uniswap, collateral lending on Aave, and even yield splitting on Pendle.

This mechanism not only enhances the compounding ability of asset yields but also promotes the acceptance and recognition of emerging ecosystems like Berachain. As more emerging ecosystems develop, the demand for asset yields and capital efficiency will undoubtedly become increasingly complex, indicating that the innovative mechanism of the StakeStone Vault actually provides a dynamically adaptable asset management approach, enabling it to develop different asset types for yield stacking and secondary utilization based on any emerging ecosystem, further enhancing investment returns.

Within this framework, the StakeStone Vault is not only an efficient asset management tool but also an important bridge connecting emerging ecosystems with mainstream blockchain ecosystems.

Conclusion

Whether in traditional finance or the DeFi world, enhancing capital efficiency has always been the ultimate pursuit of all players.

For on-chain yield products, how to simply and safely maximize returns and make every dollar work to its fullest can also be seen as the eternal "muse" of the market. From this perspective, the StakeStone Berachain Vault and the product structure behind it actually provide an interesting new paradigm for emerging public chains:

By using the Vault, which embeds multiple yield paths as a bridge, it simplifies user participation thresholds, enhances the attraction of external capital, and packages the yields within the ecosystem into a liquid yield-bearing asset, thus achieving seamless integration of local yield opportunities with the mainstream DeFi market on chains, exploring a more ideal launch and long-term growth path for the entire emerging ecosystem.

In the future, whether this model can become a universal solution for emerging ecosystems or even grow into a multi-billion dollar narrative in on-chain finance remains to be seen, but the vision and practice of the StakeStone Berachain Vault may be one of the best paths for us to approach the answer.

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