In this guide we show you how to be eligible for Berachain airdrop. As it is a Layer-1 blockchain network, it has a great potential to grow big. It’s still in its testnet phase, where you can easily learn how to interact with DeFi apps, like swapping, add liquidity, use a vault, trade, or borrow. Let’s find out together how to benefit from this rewarding blockchain.
Berachain is a new Layer-1 blockchain with a DeFi focus. It’s EVM (Ethereum Virtual Machine) compatible and built with Cosmos SDK. This is your last chance to get involved early, especially as they hint at rewarding those who participate, similar to other projects that have rewarded their early testers. Let’s see how to use Berachain’s DApps and what must be done for the potential airdrop. However the team hasn’t confirmed any airdrop, there’s a big chance to come as there are must do tasks.
Step By Step Guide For The Potential Berachain Airdrop
Testnets use faucets to let the users collect tokens. In this guide we use MetaMask wallet to interact with Berachain testnet, but other wallets like Coinbase Wallet, WalletConnect, Ledger, Frame or Rabby Wallet also work. First you must connect a wallet and add the berachain testnet. If you have any problem with the first step, or with create a MetaMask wallet, just follow Berachain’s step by step guide here.
Step 1: Add Berachain network to MetaMask
Open your MetaMask wallet, tap the top left corner’s network icon and then click the “Add network” button. On the fresh opened page you click at the bottom the “Add network manually” button and type next:
Network name: Berachain Artio
RPC URL: https://artio.rpc.berachain.com
Chain ID: 80085
Currency symbol: BERA
Block explorer URL (optional): https://artio.beratrail.io
If you save it, you can connect with Berachain by using their testnet RPCs. However it’s a testnet and transactions could fail, you can try use two more RPC-s (you have to add them as an other network, just use another network name to it): https://quicknode-rpc.berachain.com or https://rpc.ankr.com/berachain_testnet.
Step 2: Galxe quests
On the Galxe Bera page you can do all the tasks. Just log in with your wallet or your social media account, so you can finish all the tasks. However you can earn the bera-cub role on Discord, which takes some time. Just be active and help others (support the community). Be calm, and the role will come. And don’t forget to come back daily to Galxe as there are daily task for 5 points. Just visit the Berachain Honey DApp by using Galxe task link.
Step 3: Collect BERA tokens
Whichever Berachain DApp you use, you can collect your wallet. Then there are three ways to collect Beras. You can go to their main faucet page by clicking the faucet icon at the bottom of their main page on the right side. Here you can drip 0.1 BERA every 8 hours by adding your wallet address.
Or you can use Quicknode Faucet for an extra 0.1 or 0.2 (with a twitter repost) BERAs every 12 hours.
The Honey Jar Faucet is a connected project where you can grind quests from time to time and collect free NFTs. Also there you can claim extra BERAs depending on your collected NFTs.
Step 4: Swap tokens and mint HONEY
Now you have BERAs, so you can use them to interact. Firstly swap BERA to STGUSDC, WETH and WBTC at their BEX app.
Next step is to mint HONEY from STGUSDC at their Honey DApp. Keep some STGUSDC to use them for more interactions.
Step 5: Add liquidity
With all your coins you have you can now add liquidity for pools with high APY on their BEX page. STGUSDC-HONEY, WETH-HONEY and WBTC-HONEY should be enough, but of course you can add liquidity to all pools if you want. Later on the Reward tab you can collect your BGT tokens.
Step 6: Borrow HONEY
The next step is at the Bend DApp, where you can supply and borrow HONEY (this isn’t needed to do every day).
Step 7: Make a trade
On the BERPS you can trade. Just open a position and close it. If you would like to trade with these free tokens, of course, you can keep your positions.
Step 8: Deposit in vault
Now use the vault still on the BERPS page. Depositing 1000 HONEY makes you about 0.02 BGT a day. Use the claim button to collect your rewarded BGT tokens.
Step 9: BGT Station vote and delegate
With your BGT tokens you can delegate them, or vote. Use the BGT Station. Delegate your tokens to any validator and vote in the governance. In the governance, vote for any active proposal. By the way, you can also do your own proposal if you have 10 BGT.
Step 10: Use Honeyjar to mint NFTs
In the Honeyjar, which is an unofficial community initiative, you can use the faucet to collect BERAs, mint NFTs, and collect badges by doing tasks. Just connect your wallet.
What Is Berachain?
Berachain is a new type of blockchain that works with EVM (Ethereum Virtual Machine) and is built on Cosmos-SDK. It allows to do everything other blockchains can do but adds Proof-of-Liquidity (PoL). This unique model rewards people based on how much they help by providing liquidity to trading systems, and it focuses on three high-level objectives: systemicall build liquidity, solve stake centralization and align protocols and valudators.
Berachain has introduced a system where if a project gets approved by Berachain’s rules, it can give out BGT (Bera Governance Token) tokens to those who supply liquidity. This setup incentivizes more people to support various DeFi (Decentralized Finance) projects, aiming to create a strong connection between those who keep the network secure (validators) and the overall project ecosystem.
Berachain stands out by having three different types of tokens: BERA, which is used for paying transaction fees, HONEY, a stablecoin tied to the U.S dollar, and BGT, a token given to those who provide liquidity, influencing governance on the platform. Its system is designed to be easy to use, support working with other technologies, and support a wide range of financial applications. Don’t forget, that’s a great way to learn how to use DApps in DeFi for users who are new to the crypto world.
The creation of Berachain was led by four pseudonymous people known for their previous work in the crypto space, including launching a popular NFT collection in August 2021, called Bong Bears. It seems the founders like bears as they use nicknames like Papa Bear, or Dev Bear. They managed to gather $42 million from big-name investors including Polychain or Tribe Capital. Currently, Berachain is letting users test its new features through a public testnet, giving a sneak peek at its PoL feature.
The Bottom Line And Answers For Common Questions
If you are a beginner in the crypto world, or an advanced one, you can use this kind of early projects with their testnets to be eligible for an airdrop and learn how to use DApps especially in the DeFi sector. No risk, just benefits. However note that there are a lot of scam projects, so always do your research before connecting your wallet anywhere.
Transactions on Berachain testnet may fail sometimes, but don’t worry, just keep trying. The developers work hard on the RPC and the project to make the experience smoother. If a transaction fails, just refresh the page. If any transaction is stuck, you can clear wallet activity in the advanced settings in your wallet. And finally if a transaction fails so many times, just give it some time and come back later to retry, or try do other steps in other Berachain DApps.
We hope you will enjoy your time on Berachain, so good luck!
Featured image source: berachain
