Bellachin will expand pole rewards beyond BEX pool from March 24th

Berachain’s unique demonstration mechanism will be officially released on March 24th, expanding its reward distribution to other apps and vaults beyond the BEX pool.

In a post on X on March 21, the Berachain Foundation announced that Pol will be performing live on March 24th.

Originally it was released within the BEX pool and was only released for distribution of BGT to enable decentralized chain governance.

Now, starting Monday, this will expand beyond BEX to more apps and safes. That means they can also earn rewards. The first batch of reward vault requests from the app is already approved. For now, rewards will be limited to the Dex pool, but starting next week new safes and use cases will be approved. For the owners of Bellachain’s Governance Token BGT, this means that they will be able to decide where the reward goes.

The mechanism of proofing the acidity of bellachine

Berachain’s blockchain aims to resolve incentive inconsistencies in the proof blockchain. In a typical POS blockchain, users must lock tokens to secure the blockchain and earn staking rewards. Locking cryptographically is a good security option, but it’s a bad thing for the blockchain economy. This means that there are fewer ciphers used in apps and transactions. As a result, users prefer to wager assets to earn rewards rather than using Defi apps built on the blockchain.

Bellachine was built to resolve this dilemma between security and debt activity through its new Polconsensus mechanism. In a typical POS blockchain, validators earn rewards to validate transactions and pass some of those rewards to representatives based on their interests. However, in Berachain, validators must assign most of the rewards earned in BGT to the app’s reward vault, rather than keeping everything to themselves. This encourages applications to the bribery brethren (usually in the form of native tokens) to send more BGT. The final result is a competitive environment where validators are encouraged to support the best app.

You might like it too: Berachain’s “Burning Proof” Chain to be released on February 6th

Meanwhile, Bellachine’s Token Bella is trading at $6.35, down 57% from the all-time high of $14.99 held on February 6th. Since crashing to around $4 within just a few days of its post-release peak, prices ranged in the roughly $4-$5 range, with bullish breakouts reaching $9 between February 18th and 21st, supported by an increase in volume. The momentum continued until early March, with prices peaking at $9.2 before pulling back in face of resistance. The price then gradually fell, stabilizing the $6 support level. The volume also tapers off, suggesting that traders are waiting for their next catalyst.

Source: crypto.news

You might like it too: Belafi, the first Belachine project, rose 270% after a series of exchange lists