The $BFD Token & Staking

$BFD Token

$BFD is the Treasury token of the BeraFlowDao issued on Berachain each token is backed by the amount of the treasury assets divided by the amount of circulating tokens

As example:

• Treasury assets: $5,000,000 usdc

• Tokens circulating: 5,000,000

• Backing per token: BFD 1:1 USDC the primary role of $BFD is to represent your shareholder value within the protocol, so each token can participate in the governance and is entitled to the assets that is backing it. The token is distributed to Gathering participants and utilized for staking, farming, and governance participation.

Governance

The BFD token is the sole governance token within the ecosystem, granting holders and protocol participants the ability to propose and vote on proposals shaping future growth of the BeraFlow protocol

Staking

Holders of the $BFD token can stake their tokens to be eligible for snapshots and to have the opportunity to participate in future Gatherings. The unstaking period is 7 days.

During the staking period, users may qualify for additional benefits, including potential airdrops, governance, or other project-specific rewards. To ensure eligibility for upcoming snapshots and gatherings, it is recommended to stake tokens in advance.