The market is down, and it's normal for many people to have lost all their funds in June and July. Less than 10% of people in the secondary market can make money, and this ratio may shrink further.

For example, in the airdrop field, which is usually the most profitable, the reputation has sharply declined after May, with several large projects experiencing backlash. Recently, FUEL introduced a "before the mainnet launch, only assets remaining on the network count for points; if you cross over, your points reset to zero" kind of rogue rule.

So if we want to participate in airdrops, we should focus on projects with high certainty, like the ones below:

Many of the projects above are basically clear airdrops, where participation guarantees some allocation, though the amount may vary.

Today, we will start with the project Berachain from scratch and gradually understand how to participate in airdrops in the second half of 2024.

1. About Berachain

Berachain is a redesigned L1 that uses a god-mode PoL consensus mechanism to address the issue of L1 liquidity overflow, allowing users to stake various assets (BERA, ETH, BTC, stablecoins, etc.) to validators. Meanwhile, these staked assets are used to provide liquidity for the native virtualized AMM on the chain.

https://x.com/SuhailKakar/status/1810213416532902238

Berachain's Three Token Model

Berachain has a triple token system consisting of BERA, HONEY, and BGT;

• $BERA --- Gas fee token (also a requirement to become a validator)
• $BGT --- Governance (and reward) token, BGT cannot be transferred or purchased, only converted one-way to BERA;
• $HONEY --- Native stablecoin, which will always be pegged to 1 USD.

Consider $BERA as Berachain's SOL/ETH, which can be purchased on exchanges.

About Funding

Berachain has raised $142 million from Polychain Capital, HashKey Capital, Shima Capital, Framework Ventures, etc., with a valuation of $420 million.

Current Progress

• Artio B1 testnet has been completed
• Bartio B2 testnet has just started

ARTIO and BARTIO Berachain's B1 testnet (called Artio) is built on Polaris, which tightly integrates the EVM execution layer with Cosmos consensus. This architecture has limitations in handling high transaction volumes and user engagement.

In B2, validators run the BeaconKit client to reach consensus and run the EVM execution client, thus achieving specialization and improving performance. The economic design has also been updated, using $BERA for staking to activate validators, enhancing security and utility.

Now there are hundreds of projects on the Bear Chain that can interact:

2. What You Need to Know Before Interacting with B2

The interaction with the B2 testnet is similar to B1, with slight changes in the main dApps.

Now you can use B2 test tokens obtained from the old faucet, replacing the B1 test tokens.

(1) Using Wallet for Interaction

• Available wallets: MetaMask or Rabby Wallet
• MetaMask private keys can be imported into Rabby Wallet

(2) Adding Berachain-Bartio Chain to Wallet (Optional)

· Network Name: Berachain-Bartio

· RPC URL: https://bartio.rpc.berachain.com/

· Chain ID: 80084

· Currency Symbol: BERA

· Block Explorer URL: https://bartio.beratrail.io

(3) Claiming Testnet Tokens

• Relevant link: https://bartio.faucet.berachain.com/#dapps
• Enter your address
• Click "Drip Tokens" to receive 1 BERA testnet token (the test tokens will definitely not be enough, remember to claim every 8 hours; the more test tokens, the better).

(4) Other Token Claiming Channels

(1) 0xhoneyjar, you can claim 0.01 BERA for free (every 12 hours);

Relevant link: https://faucet.0xhoneyjar.xyz/

(2) bricksmint, spend about 1 ETH to mint an NFT, then claim 1 BERA;

Relevant link: https://bricksmint.com/bera-faucet

3. Detailed Interaction Tutorial

(1) SWAP

• Relevant link: https://bartio.bex.berachain.com/swap
• Swap $BERA for $STGUSDC (do not exceed 30% of your BERA balance)
• If the transaction fails, try again (the price of BERA fluctuates, so the amount of STGUSDC exchanged may vary)

(2) Honey

• Relevant link: https://bartio.honey.berachain.com/
• Click MAX
• Click Approve $STGUSDC
• MINT

(3) Farm BGT

• Relevant link: https://bartio.bex.berachain.com/pools
• Select the $WBERA / $HONEY pool

• Click Preview
• Approve HONEY
• Add Liquidity
• Note: If an error occurs, liquidity may have already been added

• Go to MY POOL to see the pool you added
• Open your BERA / $HONEY pool to claim BGT rewards

(4) Lending (Do this step when you have enough BERA)

Step 1: First, swap a bit of BTC

• Relevant link: https://bartio.bex.berachain.com/swap

Step 2: Stake BTC and borrow $HONEY

(5) Contract Interaction (Skip if tokens are insufficient)

This step requires $HONEY, which can be obtained in two ways:

1. Directly swap BERA for $HONEY in SWAP,

Link: https://bartio.bex.berachain.com/swap

2. Use the method from step 4, stake BTC or ETH, and borrow $HONEY.

Once you have $HONEY, continue with the following:

• Go to the contract page: https://bartio.berps.berachain.com/berpetuals
• Participate in long or short positions

(6) Validator Voting

A few hours after adding liquidity as described above, you can receive $BTG tokens (claim them in section "3" above).

• Relevant link: https://bartio.station.berachain.com/validators
• Choose a validator

• Click "Delegate"
• Enter the amount
• Confirm the transaction

That's all for today's tutorial. It's best to repeat all operations every few days. Now that the second round of the Berachain testnet has just begun, more interactions will be beneficial.

There are hundreds of projects on Berachain, and interacting with other projects can yield multiple benefits. Updates will be provided as they are organized.