How to Use Bitget Wallet for Berachain POL Mining
Promotion
Berachain has been gaining significant traction in the market, with its total value locked (TVL) surging by 40.51% in the past month to exceed $2.94 billion. A major driving force behind this growth is its unique Proof of Liquidity (PoL) mining mechanism, which offers users the chance to earn impressive rewards, with annual percentage rates (APRs) reaching up to 500%.
Bitget Wallet now fully supports the Berachain ecosystem, making it easier than ever for users to get involved. You can easily add the Berachain network to your wallet, track live token prices, swap Berachain assets with other major blockchain tokens, and dive into liquidity mining to start earning rewards.
This guide will walk you through how to use Bitget Wallet for Berachain PoL mining, helping you make the most of the opportunities within this growing ecosystem.
1. What is Proof of Liquidity (PoL)?
Traditional Proof of Stake (PoS) mechanisms require users to lock their assets to earn staking rewards. However, this can create competition for liquidity between staking and decentralized finance (DeFi) applications, as assets staked for network security are no longer available for use in DeFi protocols. This conflict between staking incentives and liquidity provision has long been a challenge for blockchain ecosystems.
Berachain’s Proof of Liquidity (PoL) model introduces a redesigned incentive structure that aligns network security with liquidity growth. Instead of forcing users to choose between staking for security rewards and providing liquidity for DeFi, PoL allows both to work together, promoting a more balanced and cooperative ecosystem.
Core Tokens in the Berachain Ecosystem
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BERA: This is the gas token used for transactions on the Berachain network. It is also used for staking to validators, and the amount of BERA staked determines the probability of a validator being selected to produce blocks.
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BGT: This is the governance token of Berachain. It is non-transferable but can be burned at a one-to-one ratio in exchange for BERA. BGT plays a crucial role in determining block rewards for validators and in allocating emissions to decentralized applications (DApps) within the ecosystem.
2. How Does PoL Mining Work
Here's how PoL mining works in simple terms:
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Users provide liquidity to
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DeFi protocols and earn BGT rewards
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Validators stake BERA to secure the network and increase block production chances
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BGT holders influence emissions through governance and bribes
This dual-incentive model ensures security, liquidity, and governance work in harmony, strengthening the Berachain ecosystem.
Currently, Berachain PoL mining is live, and the governance phase has begun. The ecosystem’s reward allocation system is now in effect, allowing BGT holders to actively participate in determining how rewards are distributed across users, applications, and validators.
3. How to do PoL Mining on Bitget Wallet
1) Add the Berachain Network
To get started, open Bitget Wallet and navigate to the
Wallet >
All mainnets, search for “Berachain,” and add the network.
2) Obtain BERA
BERA tokens can be acquired through Bitget Wallet’s cross-chain trading feature. Users can swap assets from major blockchain networks such as Ethereum, Solana, BNB Chain, Base, and Arbitrum for BERA.
To complete the transaction, go to
Trade in Bitget Wallet, select the asset to sell, choose BERA as the asset to buy, enter the desired amount, and confirm the transaction.
3) Earn BGT
To start earning BGT, go to
Discover and enter the
Berachain zone. From there, go to
Berachain hub and connect your wallet.
In the
Reward Vaults section, you can choose a liquidity pool based on its annual percentage rate (APR) or the liquidity provider (LP) tokens that you hold. After selecting a liquidity pool, click on the platform link, add liquidity, and stake your LP tokens.
Once LP tokens are staked, users will start earning BGT. The number of tokens earned depends on the amount staked. Users can monitor their staking rewards on the right side of the interface. If they wish to withdraw their staked assets, they can do so by clicking “Unstake.”
Note: APR values are updated every five hours based on validator reward allocations.
4) Boost BGT
Users can further increase their earnings by staking BGT to validators. Staking BGT boosts the block production rewards of a selected validator, and in return, stakers receive a share of the validator’s rewards.
To maximize your returns, it is best to choose a validator with high block production efficiency and strong BGT emissions. The more BGT staked with a validator, the greater their total block rewards, which are then distributed proportionally among all BGT stakers.
Berachain also offers additional earning opportunities through transaction fees. Some DApp transactions generate fees known as Block Capture Value (BCV). A portion of these fees goes to validators, while the rest is distributed to BGT stakers. This means that every revenue-generating activity within the Berachain ecosystem helps increase your staking rewards.
4. Optimizing Validator Selection for Maximum Rewards
When choosing a validator, users should consider several factors to maximize returns. It is generally beneficial to stake with validators that have:
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Low commission rates to ensure a larger portion of block rewards is distributed to stakers.
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High BERA stakes since validators with more BERA staked have a higher probability of producing blocks, leading to more frequent rewards.
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Reasonable APY strategies to balance risk and reward, avoiding validators with unsustainable reward models.
Validators with 100% commission rates should be avoided, as they retain all rewards and do not distribute earnings to their stakers. By carefully selecting validators and optimizing staking strategies, users can significantly enhance their earnings.
Start Your Berachain Mining Journey with Bitget Wallet
Bitget Wallet provides a seamless and efficient way to participate in Berachain PoL mining. The entire process is designed to be user-friendly, making it accessible even for beginners. By strategically selecting validators and optimizing staking strategies, users can maximize their block rewards while benefiting from Berachain’s native incentive mechanisms. This approach allows users to not only increase their earnings but also contribute to the growth of the Berachain ecosystem.
Download Bitget Wallet today to start your Berachain mining journey and experience a secure and efficient way to grow your digital assets!
About Bitget Wallet
Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace, and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300 million protection fund to ensure the safety of users' assets.
2025-03-31
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