Professional Tutorials

Stake your $BGT Tokens with Provalidator — Berachain bArtio

Nov 27, 2024

Joon Park

Introduction

Berachain (BERA), now in its final testnet phase, bArtio, is revolutionizing DeFi by enhancing liquidity access, optimizing applications, and promoting adaptability in the digital economy. Built on the Cosmos SDK, Berachain introduces innovative features such as the Proof of Liquidity (PoL) consensus mechanism and Polaris, a modular implementation of the Ethereum Virtual Machine (EVM). Together, these tools address existing challenges while opening new opportunities for DeFi innovation.

Proof of Liquidity: A New Era for Staking

Berachain’s PoL model redefines staking by requiring liquidity contributions instead of simply locking assets. This approach encourages users to actively supply liquidity to the network, strengthening decentralized applications (dApps) and rewarding participants who enhance liquidity pools.

The Berachain Token Ecosystem

To support its ecosystem, Berachain uses a tri-token model:

  • Bera Governance Token (BGT): Powers governance and staking, granting holders voting rights and access to rewards through whitelisted liquidity pools.

  • BERA: Serves as the native gas token for network transactions.

  • HONEY: Drives lending, borrowing, and liquidity provision, supporting ecosystem growth.

Step-by-Step Staking Guide:

For this guide, we are using the Metamask Wallet.

Step 1. Set-up a wallet and Fund $BERA tokens

Get started by funding your wallet with $BERA tokens through testnet faucets:

  1. https://bartio.faucet.berachain.com/: Can get 1 $BERA every 8 hours, needs 0.001ETH on your Mainnet Ethereum.

  2. https://faucet.quicknode.com/berachain/bartio: Can get 0.1~0.2 $BERA every 12 hours, needs 0.001ETH on your Mainnet Ethereum.

Step 2. Earn $BGT tokens by interacting with bArtio Testnet

You can farm $BGT tokens by participating in liquidity pools or lending activities. One of the simplest and most efficient ways is through the HONEY/BERA liquidity pool. Here’s how:

Step 1: Swap Assets on BEX

  1. Visit BEX and swap your $BERA for other assets.

  2. Use these assets to create liquidity pool (LP) pairs such as BERA-HONEY, HONEY-USDC, and more.

  3. Deposit these pairs into the respective LP pools.

Step 2: Lend and Leverage on BEND

  1. Go to BEND and deposit $WBTC or $WETH.

  2. Borrow $HONEY based on your collateral.

  3. Use the borrowed $HONEY to create LP pairs on BEX or BERPS, and deposit them into the pools.

Currently, the HONEY/BERA liquidity pool is the simplest and most efficient way to farm $BGT tokens. To help you get started, we’ve prepared a step-by-step guide using this pool as an example.

Step 2–1: Swap $BERA for $HONEY on Swap|BEX


You will see a preview of your swap. To proceed, simply approve the transaction in your wallet to complete the process.

Step 2–2: Add liquidity to the HONEY/BERA pool by navigating to the Pool section on Pool|BEX

Press enter or click to view image in full size


Step 2–3: Deposit liquidity receipt tokens into a rewards vault to begin earning $BGT

  1. Click “Add” to access the liquidity deposit screen.

  2. On this screen, you can click “MAX” for either token to calculate the maximum liquidity you can provide based on your available balances.


  1. Once ready, click “Preview” to review the details.

  2. If everything looks correct, approve the transaction in your wallet to provide liquidity to the pool.

After completing this step, you’ll likely be prompted to deposit your liquidity receipt tokens into a rewards vault to start earning $BGT. (Refer to the screenshot example below for guidance.)


Step 2–4: Use the Vaults tab in the BGT Station to Deposit your receipt tokens into the appropriate rewards vault.

  1. Navigate to the BGT Station and select the “Vaults” tab at the top of the page.

  2. Use the search bar to find the HONEY/WBERA rewards vault, where you can stake your liquidity receipt tokens. This is particularly helpful since there may be multiple rewards vaults (also referred to as “gauges”) available.

Press enter or click to view image in full size


3. Once you’ve located the correct vault:

  • Enter the amount of receipt tokens you wish to stake.

  • Confirm the transaction in your wallet by clicking “Approve HONEY-WBERA LP” or “Approve Infinite”.

Congratulations! You’ve successfully participated in PoL (Protocol-Owned Liquidity). Your staked receipt tokens will now begin accruing $BGT rewards, which you can claim at any time.

Press enter or click to view image in full size


Step 3. Claim and Stake $BGT tokens to Provalidator.

Step 3–1: Claim your accrued $BGT rewards through the Rewards section in the BGT Station

Go to the Rewards/BGT section to view an overview of all your pending $BGT rewards.
To claim your accrued $BGT, simply click “Claim $BGT” and approve the transaction in your wallet. Your rewards will then be successfully claimed!

Press enter or click to view image in full size


Step 3–2: Delegate your $BGT to Provalidator by searching for the validator under the Validators tab or using the provided link

Once you have your $BGT, follow these steps to stake with Provalidator:

  1. Navigate to Validators|BGT

  • Use the search bar to find Provalidator, or click the direct link provided: Stake with Provalidator: Validator Details | BGT Station

  • [Stake with Provalidator: Validator Details | BGT Station]

Once you have your $BGT, you can navigate to Validators|BGT and search Provalidator on the search bar, or just use the link below.

Press enter or click to view image in full size


Once on the validator page, simply click on ‘Delegate’ to delegate your $BGT to the validator.

Press enter or click to view image in full size


Here you will see the screen where you can choose how much BGT to delegate.





Press enter or click to view image in full size



After you’ve entered how much $BGT you wish to delegate, click on ‘Queue Boost’ which will start the delegation process.

Step 3–3: Complete the delegation process by confirming your transaction. Delegations typically process within 1–2 hours.

The delegation process is not instant. When you queue the BGT boost to the Chorus One validator, it will process in approximately 1–2 hours. So come back in a few hours to Confirm the process and your are done!

Press enter or click to view image in full size


About Provalidator

Provalidator is a professional Proof-of-Stake blockchain validator and decentralized infrastructure provider. We offer enterprise-level validation services to more than 30+ blockchain networks, safeguarding over $250 million (as of December 2022) in digital assets through our robust infrastructure. Our team has been operating validator nodes since 2018 starting with the Cosmos Hub, and is currently one of the most prominent validators in the Cosmos ecosystem.

At the heart of our operations is validator service, which are specialized servers or nodes in a blockchain network tasked with proposing, authenticating transactions, and incorporating new blocks into the blockchain. Our dedicated team is on standby around the clock, ensuring swift responses to any validator node concerns. We’ve implemented multi-layered security and monitoring systems to safeguard our infrastructure and prioritize interests of our delegators.