🔸 Early this morning@ Berachain has released a significant update regarding PoL. 🔸 In short, Xiong Chain has raised the threshold for participating in PoL, and the "Grass Platform Team" will be removed. In the future, only "high-quality" teams can participate in PoL. 🔻 The following is a summary of the content, with a bit of information, take your time to read. 🏦 Requirements for the Reward Treasury Reward vaults are mining pools that can obtain BGT emissions. The foundation has proposed new standards for reward vaults: ▪️ It is necessary to benefit BERA or ecological assets, such as the ability of the vault to increase trading volume and user numbers for bear chains TVL、 Handling fees, etc. ▪️ The project needs to have market fit, and preliminary products and user groups have been established. ▪️ The profits obtained from BGT Farming must be passed on to the pledger and cannot be used for circulation to increase treasury incentives. Only non BGT sources of income can be used for incentives. 🪙 Requirements for staking tokens Users can obtain LP tokens by providing liquidity, for example, if you provide BERA-HONEY liquidity, you can obtain BERA-HONEY LP tokens. This LP token can be pledged in the reward vault to earn BGT, so it is considered a staking token. The foundation has proposed new standards for pledged tokens: ▪️ It must be an ERC20 token, the smart contract must be on chain traceable, and pass security audits. ▪️ It must be open to all users and no threshold can be set. RWA assets have compliance requirements and exceptions. ▪️ At least 100 holders, cannot be concentrated, and a single address cannot hold more than 40%. Any address holding more than 20% must be identified. ▪️ The TVL of the LP pool is at least $250000, of which at least $125000 is mainstream assets such as BERA HONEY。 ▪️ The corresponding token must have a real and stable trading volume every day, and cannot be a "dead coin" or engage in fraudulent trading. 💰 Requirements for Dapp Incentives With the reward vault and pledged tokens, we still need BGT. In order to attract validators to discharge BGT into their vaults, Dapps can set "incentives" for their own vaults. For example, for every BGT you deposit into my vault, I will give you 10 HONEY/BERA/iBGT and other tokens. The foundation has proposed new standards for Dapp incentives: ▪️ The token used for incentives must have been launched on the bear chain and verified by the contract. ▪️ This incentive token (such as X) must have an LP pool paired with mainstream assets, such as X-BERA. ▪️ And there are at least $125000 worth of mainstream assets in the LP pool, such as BERA HONEY。 ▪️ The incentive plan for Dapp should last for at least 2 months and provide a minimum incentive budget of $10000 per month. ⏰ Schedule arrangement After the new standards are released, all project parties need to compare them and make corresponding adjustments. ▪️ Reward vaults that do not meet the new standards will have one week to update. ▪️ Funds that fail to meet the standards will be expelled and must resubmit a proposal for governance. ▪️ The deadline for applying for the reward vault this week is 04/10/08:00 (UTC+8). A new batch of reward vaults will be announced next week. ✨ PoL mechanism update (effective in the coming weeks) The verifier is responsible for generating BGT and dividing it into different reward vaults. ▪️ Previously, validators were able to discharge 100% of all BGT into one vault, but later on, validators were allowed to discharge up to 30% of BGT into a single vault. This means that more vaults can participate in PoL and obtain relatively considerable BGT, and the yield will not fluctuate wildly. ▪️ Also, previously, if the verifier wanted to adjust the current BGT vault allocation ratio, they had to wait for several hours to complete. But after the update, the delay will be shortened and validators will be able to adjust BGT allocation more frequently. ▪️ Dapps can increase their incentive ratio without the need to add more incentives. For example, the incentive given to validators by a certain vault now is 3/BGT, and in the future, Dapps can directly increase the ratio to 4/BGT without the need for additional funds. ▪️ Allow Dapp to authorize third parties and add incentives without permission In addition to Dapps being able to add incentives to their own vaults, Dapps can also authorize third parties to add incentives to their own vaults based on the current incentive ratio. The above are important content updates. If you want to view the original text, you can enter from the link below 👇