Where to Find Berachain Deposit Rewards

Berachain Proof of Liquidity (PoL) is evolving, and more network liquidity pools than ever before can now receive BGT token incentives!

Starting March 24, the centralized Berachain “BGT Foundation” whitelisted 37 additional third-party liquidity pools to receive BGT token emissions, increasing the number of eligible pools from the five original native Berachain Exchange (BEX) pool listings.

Today, we’re unpacking Berachain’s unique token incentive model and exploring some of the top opportunities available to depositors! 🐻👇

💦 What is Berachain PoL?

At ecosystem genesis, Berachain’s gas and network validation token (BERA) had a total supply of 500M tokens. The BERA token is expected to inflate at 10% annually as BGT – Berachain’s non-transferable governance and incentive token which can be converted 1:1 into BERA (subject to governance changes) – is redeemed.

By taking DeFi deposit receipts (i.e.; LP tokens) from onchain opportunities that have been whitelisted by BGT governance and depositing them into a reward vault, Berachain DeFi users can enhance their yield with BGT emissions.

Previously, only five Berachain Exchange (BEX) native pools were eligible to receive BGT emissions, but with today’s announcement, 37 additional third-party liquidity pools are now listed in the Berachain “Reward Hub.”

 While past DeFi-centric L1s – like public infrastructure-oriented Canto – have come and flopped, Berachain’s tri-token model and enshrined BGT emissions program provides it with a unique incentives model that should enhance users’ yields and attract deposits to the network.

No other crypto L1 in existence has enshrined rewards for DeFi liquidity providers, and although the results of novel crypto economic structures are never guaranteed, if Berachain succeeds in attracting capital through superior yields, early success could trigger a perpetual incentive-driven deposit flywheel!

🐻 Top Berachain Reward Opportunities

You can start by viewing incentives for eligible pools in the Berachain Reward Hub, but to begin earning Berachain rewards on DEX deposits, you’ll first need to deposit two-sided crypto asset liquidity into an eligible pool. Click here to view a complete list of eligible opportunities.

Once you have provided liquidity to an eligible pool, navigate to the Berachain Reward Hub, then deposit your liquidity provider tokens into their associated farm.

Here are some of the top Berachain Reward Hub deposit opportunities. 👇

1️⃣ BEX USDC.e-HONEY

Deposit Pool | Reward Vault

Although not a newly whitelisted Berachain deposit opportunity, the Berachain Exchange USDC.e-HONEY pool has been serving up some of the sweetest onchain yields since its inception!

At the time of analysis, depositors could earn ~25% APR from BGT incentives, and while the rewards level for this pool can be expected to change as Berachain validators reallocate their BGT emissions towards recently whitelisted pools, this deposit vault remains one to keep your eyes on as a top pure stablecoin yield opportunity.

2️⃣ Kodiak OHM-HONEY

Deposit Pool | Reward Vault

The Olympus DAO OHM-HONEY deposit pool through Kodiak Finance was offering validators who direct their BGT emissions towards the pool $174k in OHM incentives, more than any other Berachain incentives pool.

While the OHM token remains an enormous 99% off its 2021 all-time highs, Olympus DAO pioneered crypto ponzinomics and saw its token pump by 25% in the week ahead of this analysis amid excitement for BGT emission tailwinds.

3️⃣ Kodiak WBERA-HONEY

Deposit Pool | Reward Vault

The WBERA-HONEY vault on Kodiak has $58k in WBERA incentives waiting for validators who direct BGT emissions towards this pool.

While a competitive Berachain Exchange (BEX) WBERA-HONEY pool was yielding 203% APR at the time of this analysis, validators pointing BGT emissions towards this pool did not earn rewards.

Considering that it is likely the Kodiak exchange will spend money on incentives to deepen liquidity for the two liquid Berachain-native tokens, this deposit vault could become a top-performing opportunity in the near future.

4️⃣ Kodiak SolvBTC.BBN-SolvBTC

Deposit Pool | Reward Vault

BTC restaking has been an emerging onchain trend for many crypto users, and with its SolvBTC.BBN-SolvBTC reward vault, Kodiak is aiming to become a top liquidity provider for these Solv-restaked tokens.

Although there were no incentives delegated to this pool at the time of analysis, should Kodiak desire to become a leader in restaked BTC liquidity, this reward vault may become a top deposit opportunity.

5️⃣ Renzo ezETH-wETH

Deposit Pool | Reward Vault

There were no live incentives on Renzo’s ezETH-wETH through Kodiak at the time of this analysis, but assuming the Renzo team finds paying for PoL emissions to be a worthwhile endeavor, this pool could become a leading liquidity hub for ETH liquidity on Berachain.