The Berachain Foundation announced the establishment of the BGT Foundation to promote PoL growth and ensure the stability and security of the Berachain protocol

ChainCatcher news, according to the official announcement, the Berachain Foundation has established the BGT Foundation, an independent entity that represents the collective interests of BGT (Bera Governance Token) holders and acts on their behalf. The BGT Foundation will promote the growth of PoL (Proof of Liquidity), focusing on the stability and security of the Berachain protocol.

BGT is a "fairly distributed" token, distributed to liquidity providers (LPs) and validators/stakers according to Berachain's PoL mechanism, ensuring that individuals who contribute to the network can directly receive rewards. This distribution mechanism not only incentivizes participants from the very beginning but also helps to build a strong liquidity foundation that benefits a broader community as the ecosystem develops. Furthermore, as BGT gradually decentralizes within the network, it promotes a decentralized governance structure that aligns the incentives of various stakeholders by delegating governance power to a wide user base that actively contributes to Berachain.