
How to Prepare for Berachain: The Novel Proof-of-Liquidity Blockchain
Berachain’s highly anticipated proof-of-liquidity blockchain is launching this week. Here’s how you can prepare.

Berachain’s highly anticipated proof-of-liquidity blockchain is launching this week. Here’s how you can prepare.

Layer 3 networks sit atop the infrastructure of layer 1 and layer 2 blockchains, enhancing functionality and interoperability.
Markets
Bitcoin has been on a steady uptrend in April, with shallow pullbacks, allowing altcoins to extend their gains. Pudgy Penguins meme coin PENGU led altcoin gains, up 12.6% on the day, while Cosmos (ATOM), Aptos and Bitcoin Cash saw gains of over 5% over the past 24 hours. The altcoin surge comes as Bitcoin hovers around $78,000, up nearly 2% over the past 24 hours, according to CoinGecko data. If the bullish momentum persists, the leading crypto could revisit $80,000 for the first time in over t...
Technology
North Korean cyber operatives have expanded their reach beyond U.S. firms to target blockchain startups in the EU and UK, posing as remote developers and leaving a trail of compromised data and extortion attempts. In a report released on Tuesday, Google’s Threat Intelligence Group (GTIG) revealed that IT workers linked to the Democratic People’s Republic of Korea (DPRK) have scaled up operations outside the U.S., embedding themselves in crypto projects across the UK, Germany, Portugal, and Serbi...
The Projects
Founded by pseudonymous developers, Berachain has raised more than $100 million to help propel its novel EVM-identical, proof-of-liquidity blockchain. What started as an NFT project called Bit Bears has since blossomed into a burgeoning ecosystem, leading Framework Ventures co-founder Vance Spencer to describe the Berachain community as, “one of the most energized I’ve seen in all of crypto.” That rabid community is now eagerly awaiting the launch of Berachain’s mainnet, which the project has ch...
Markets
Cosmos co-founder Jae Kwon has raised concerns about the integrity and security of the Cosmos Hub's liquid staking module (LSM), noting that individuals linked to Democratic People’s Republic of Korea (DPRK) contributed significantly to its development. In a Tuesday GitHub post, Kwon explained that “for sixteen months [...] the LSM was developed by individuals linked to North Korea, and their contributions were integrated into the Cosmos Hub without proper security vetting." He attributed this o...
Technology Guides
Blockchain infrastructure has evolved to incorporate layer 1 and layer 2 networks. A more recent development is the emergence of so-called “layer 3” networks. So what are layer 3 networks, and how do they differ from layer 1 and layer 2 networks? What is a layer 3? To understand what layer 3 networks are, we first need to look at the layer 1 and layer 2 networks that they sit atop. Layer 1 networks are the base layer of blockchain infrastructure, and include blockchains such as Ethereum or Bitco...
Coins
The arrival of the Saga mainnet appears imminent,and the SAGA token itself has a listing date. That’s thanks to massive crypto exchange Binance, which announced a Binance Launchpool program to reward customers with SAGA tokens for staking other coins—and half of the initial circulating supply will be offered up through the promo. Binance will list the SAGA token on April 9, and up until that point, Binance customers can stake Binance Coin (BNB) or the FDUSD stablecoin into rewards pools via the...
Technology
There’s a new entrant in the already very crowded field of Ethereum layer-2 solutions—and this one wants to be the chain that rules them all. Polymer today announced it has completed a $23 million Series A with investments from top-tier VCs in the crypto space, including Coinbase, Placeholder, and Digital Currency Group. The company plans to use the cash to build its eponymous network, which it describes as “the first Ethereum Layer 2 that provides interoperability-as-a-service to Ethereum and i...
Coins
It’s a new year, but airdrop season is continuing at full force into 2024. The latest: Dymension, a network for deploying app chains called “RollApps,” has revealed a token drop for more than a million crypto users across various chains and projects. Dymension is a layer-1 blockchain built on Cosmos and the inter-blockchain communication protocol (IBC) to enable connections across various rollup scaling networks. “Dymension standardizes rollups with IBC, similar to how tokens were standardized w...
Markets
Following the passing of a community vote to slash inflation on the Cosmos Hub’s native token ATOM to 10%, founder Jae Kwon has called for a hard fork of the cryptocurrency. The rift in the Cosmos community has seen the price of ATOM slip by 4% in the past day, to its current value of $9.29, per CoinGecko. Proposal 848 passed with 41.1% of the network’s voting power versus 31.9% against, with 6.6% voting for a veto and 20.4% abstaining. The proposal will see ATOM’s inflation cut from around 14%...
DeFi
dYdX Trading, the U.S.-based firm developing the decentralized derivatives exchange dYdX, has released the open-source code for its independent blockchain to the public. Today’s launch marks the initiation of dYdX Chain, a new upgraded version (dYdX V4) of the popular derivatives exchange. dYdX Trading Founder and CEO Antonio Juliano said in a statement that, “With the dYdX Chain, dYdX brings transparency and security to derivatives trading with an exchange that is run solely by code, and contro...
DeFi
It’s not all efficiency and solving trilemmas when it comes to Ethereum layer-2s. Susannah Evans, a product lead behind the Inter-Blockchain Communication (IBC) protocol at the Interchain Foundation, told Decrypt that Ethereum’s layer-2 ecosystem “fragments user and liquidity,” referring to the separation of liquidity pools across various networks with no solution for interoperability. “Layer-2s are no holy grail,” she said. “Each layer-2 ecosystem is a silo of its own.” Ethereum Layer-2 Arbitru...
Business
In the face of ongoing debate among global leaders on how to balance protecting citizens from scams, exploitation, and government infrastructure from cyberattacks while at the same time protecting an individual's right to privacy, Nym CEO Harry Halpin believes there needs to be a balance between privacy, cybersecurity, and regulatory compliance but said out of touch politicians are standing in the way. “Ultimately, the regulatory environment is often run by, to be very honest, a gerontocracy of...
Gaming
Krafton, the game development firm company behind popular battle royale title PUBG: Battlegrounds (originally PlayerUnknown’s Battlegrounds), has unveiled plans for Settlus, a blockchain project utilizing the Cosmos SDK for payment settlements in USDC. Krafton, along with Circle and AngelHack, introduced the Settlus blockchain platform at the Korea Blockchain Week's Circle Hacker House event on Tuesday, according to a Medium article posted on Twitter by Circle CEO Jeremy Allaire. Calling the new...
Coins
Decentralized derivatives exchange dYdX (DYDX) led gains over the last 24 hours among the 100 cryptocurrencies by market cap, per CoinGecko data. The governance token rose by 9% overnight; it last traded at $2.18. dYdX is a popular decentralized derivatives exchange, boasting more than $589 million in 24-hour volume. Its gains come ahead of the project’s soon-to-be launched Cosmos-based blockchain, as well as a broader market uptrend on Wednesday. The platform is nearing the mainnet launch of i...
Business
Cosmos smart contract blockchain Neutron is receiving a boost with a $10 million funding round—a sizeable haul in the tight crypto fundraising environment. The fundraising haul was led by Binance Labs together with a group of other funders that include CoinFund, Delphi Ventures, LongHash and Nomad. It will support a "major technological and narrative shift" in the expansion of the Neutron smart contract platform, said Neutron core contributor Avril Dutheil in a statement. Ledger Expands Cosmos...
Business
The new compatibility will let Ledger Live allow users to send, receive, and stake Cosmos' native ATOM token as well as three other Cosmos-based projects: Onomy, Quicksilver, and Persistence. Ledger’s goal is to add more than 20 new Cosmos projects by the end of the year and Axelar is due to be added within two weeks. Ledger Live is an app that enables Ledger users to send, receive, and stake tokens. The team believes Ledger is the first hardware wallet to offer all three functionalities for the...
DeFi
dYdX announced the launch of its V4 private testnet this Tuesday, taking a significant step that will see the decentralized derivatives exchange (DEX) leave Ethereum. By the end of September, the platform will be fully running on Cosmos. The network allows developer teams to spin up their own native blockchains using the Cosmos Software Development Kit (SDK) according to their own preferences. Though distinct, each independent Cosmos-based blockchain can interact with one another. The private te...
DeFi
SushiSwap is making good on its January promises to launch a derivatives trading platform. But instead of building it from scratch, it’s gone out and bought one. The popular Ethereum-based decentralized exchange (DEX) announced the acquisition of Vortex Protocol today for an undisclosed amount. Built atop Sei Network, a blockchain using Cosmos’ tooling, the on-chain trading platform will come under the SushiSwap umbrella as another product and will take a new name. Why Some SushiSwap Stakers Are...
Coins
This week in coins. Illustration by Mitchell Preffer for Decrypt. Despite the ongoing cypto bear market, many top cryptocurrencies posted double-digit percentage gains over the week. Bitcoin had no such luck. Bitcoin only rose 5.5% over the last seven days and currently trades for $24,460 according to CoinMarketCap. Ethereum rallied much harder. The No. 2 cryptocurrency and leading blockchain for high-functionality smart contracts is up 16% in the past week to $1,984 at the time of writing, a...
DeFi
Osmosis, a decentralized exchange built using CosmosSDK, has been exploited, draining its liquidity pools for approximately $5 million. Developers have halted the Osmosis blockchain to prevent further damage. The decentralized exchange was stopped at roughly 10:49 pm EST today at a block height of 4,713,064, according to an announcement from Mintscan, an Osmosis block explorer. The exploit happened just two blocks before the halt. “Liquidity pools were NOT completely drained,” tweeted the team...