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BERA TLDR
The Berachain Foundation is committed to creating a \"simpler\" token economy
After the hard fork, BERA rewards will be converted to WBERA
Low Internet activity, BERA fell 7% before the hard fork
Body
Berachain will activate the hard fork at 16:00 UTC on Wednesday to replace its dual token incentive model. The upgrade will end BGT emissions and convert block rewards to fixed WBERA allocations. The Berachain Foundation stated that the new system with sWBERA at its core will build a simpler and more sustainable token economy. BERA fell 7% before the hard fork, and its decline over the year has widened to 88%. Berachain\'s TVL fell 3% to US$56 million, and on-chain expense and application revenue continued to slump.
Berachain Foundation pursues a \"simpler\" token economy
The Berachain Foundation said the upgrade will remove BGT from the online reward structure. The foundation will shift the core of incentives to sWBERA (a form of pledge for WBERA) and call the new system \"simpler\" and more sustainable.
Previously, Berachain used two types of tokens to assume different network roles: BERA as the main tradable token, and BGT supported governance and reward circulation. However, users often need to manage multiple reward paths and pledge tools. The transition started on Tuesday, first opening up WBERA emissions; then a hard fork will end BGT emissions on Wednesday. After that, the network will phase out the vaults and liquidity pledge incentives associated with BGT.
BERA rewards will be migrated to WBERA after hard fork
After the upgrade is completed, Berachain will allocate a fixed number of WBERA as block rewards. This change replaces the previous model that used BGT emissions for incentives, making rewards more directly linked to the master token economy. The network said that the annualized rate of return could triple after a hard fork. Berachain also warned that yields could fluctuate in the first few days, reflecting initial adjustments in vault and pledge activity.
This upgrade also changes the way users gain revenue across chains. Users no longer need to deal with the reward system associated with BGT and instead follow the WBERA structure. Therefore, the foundation expects that incentive design at the network application level will be clearer.
BERA fell 7% before the hard fork when Internet activity was sluggish.
According to CoinMarketCap data, as of 8:34 UTC, BERA fell 7% in 24 hours, expanding its cumulative decline over the year to 88%. The decline occurred before the hard fork was implemented. During the same period, Berachain\'s total locked positions decreased by $1.79 million, or 3%. According to DefiLlama, the network ranks 37th with a TVL of $56 million. Before the upgrade, Berachain\'s network revenue was also very limited: it only generated US$41 in on-chain fees and US$3359 in application revenue within 24 hours, while the token incentive amount issued by the network during the same period was US$14816.
