This feels like a gimmick. But there is one point that is interesting...the idea of solving stake centralization by creating a proof of liquidity (POL) blockchain.
I'll all for a solution to stake centralization.
But the mechanism of PoL is not clear.
https://medium.com/berachain-foundation/the-bera-era-has-begun-49a18c6d77c0
They throw in a bunch of technical jargon that not many people will understand, including me.
The way it sounds to me is that you first provide liquidity to a market by staking one of the tokens on the platform. When you stake the token, you earn BGT, which you then delegate to a validator. In turn the validators determine how much BGT gets paid out.
This is where things get convoluted.
From there, users who delegate can get the stablecoin $HONEY. I don't understand what role that has in the whole process.
So what it sounds like is they moved the delegation process down one level and instead of staking the token directly, BGT gets staked with validators.
Sounds overly complex and unnecessary. Plus it's on Cosmos, which isn't a big ecosystem to begin with, so successful projects will have to be extra good.
2 stars for the effort, but I'm steering clear of this one. Show Less
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