"Berachain's Mainnet Launch: $3.3B in Assets Migrate to Proof-of-Liquidity Blockchain"

The long-anticipated launch of Berachain, a proof-of-liquidity blockchain that aims to be compatible with the Ethereum Virtual Machine, is set to take place on Thursday, February 6, 2025. The network, which had previously teased a "Q5" launch, will host its token generation event (TGE) on the same day, with an airdrop eligibility checker to be released on Wednesday.

The mainnet launch comes after the successful completion of Berachain's pre-launch vaults and Boyco program, liquidity bootstrapping initiatives designed to help applications and protocols launching alongside the mainnet while allowing community members to stack rewards early. These vaults collectively brought in over $3.3 billion in user deposits via various crypto assets such as Ethereum, Bitcoin, and popular stablecoins, according to data collected by the Berachain-centric community, the Honey Jar. These assets are now set to migrate to Berachain's mainnet in support of projects launching on the chain.

Berachain raised $100 million in April 2024 to help propel its novel proof-of-liquidity blockchain, a new consensus mechanism that uses network incentives to bolster security and better align incentives with users and developers. The Berachain Foundation launched its whitepaper on Monday, further detailing the benefits and risks of launching its novel layer-1 blockchain.