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Info
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About BeraChain (BERA)
Berachain introduces an incentives marketplace where protocols can bid for validators' emissions using any whitelisted token. Validators can choose to direct emissions towards the highest bidding protocol (or any arbitrary one) by including the protocol's reward vault into its own reward allocation. In order for a validator to select a reward vault, the vault needs to be whitelisted. Part or all incentives validators receive from protocols can be redistributed to BGT holders who boost that specific validator. Incentives distribution is handled off-chain.
A vault's incentives manager is allowed to specify an incentive rate p and add an amount of tokens to sustain that rate for a certain period. For example, he can specify he's willing to pay 10 protocol tokens PT in exchange for 1 BGT (p = 10), then he adds 1000 PT tokens to the vault. The incentive manager can deposit multiple incentive tokens whitelisted by governance (vault-wide approval).
Every time a validator emits an amount x of BGT towards the protocol's vault, a corresponding p · x amount of PT tokens will be transferred to the validator's operator. In the example above, if a validator emits 1 BGT towards the vault, he will receive 10 PT tokens in exchange. The manager can later bring additional tokens to continue paying the specified rate p or he can change the rate upon the following conditions:
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