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First steps of the protocol

PreviousWhat is BeraFlowDao?NextThe flywheel effect

Last updated 26 days ago

BeraFlowDao begins the technical implementation of the project, including the deployment of key components.

  1. BeraFlowDao accumulates funds in the treasury through the , issues $BFD on Berachain, and bridges the initially collected funds to Berachain.

  2. Distribute $BFD tokens: Initially, only Treasury receive $BFD to set up the $BFD-$HONEY liquidity vault.

  3. $BFD distribution to participants: The remaining tokens will be distributed to the participants of the gathering, this will happen right after Treasury will setup LP pool of $BFD-$HONEY

  4. Whitelist the vault through Bera governance: The liquidity vault will need to be approved through the Bera governance process.

  5. Validator boosting begins: Participants from Stage 2 who committed $BGT will start boosting the validator.

  6. BGT emissions distribution: The validator sends all boosted $BGT emissions to the $BFD-$HONEY vault.

  7. Treasury farming strategy: The treasury farms $BGT in $BFD-$HONEY pool and reinvests earned $BGT to boost the $BFD-$HONEY pool further.

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Gathering
Gathering