The only way to survive is to adapt.
The user base, developer base, and mechanisms that Berachain was originally built around are mostly relics of crypto history at this point in time.
They've been replaced by some of the largest financial institutions in the world, and a crop of forward-thinking companies leveraging the advantages of an on-chain economy (capital formation, composable finance, money transfer and more).
In order to compete in a world of corporate chains with existing user moats, Berachain has to take a fundamentally different approach to every other group. That's what PoL Next is meant to accomplish.
We're going to bet the house on a small subset of misfits and moneyball teams with asymmetric growth potential, and some semblance of PMF. Berachain's emissions will finance their growth, our DeFi stack will integrate their assets, and our team will direct our attention towards helping them grow. The model ends up looking similar to revenue financing / CAC financing for our tradfi friends in the room.
In return, these teams will help us do something which has never been accomplished at the chain level before - making emissions profitable.
I'm excited to try new things, and help to Build some very robust Businesses. More on this and info on some of the programs first particpant(s) over the next few weeks.
1/ Berachain's Proof of Liquidity is evolving.
As crypto adapts to fit a more mature crowd of asset allocators, the Beras are making some changes.
Here's everything you need to know about the new PoL 🧵
The Dutch woman, whose husband died on the ship, disembarked in Saint Helena with “GI symptoms” on April 24. Her condition “deteriorated during a flight to Johannesburg” on April 25. She died on April 26.
Travel via Africa’s busiest airport means *MANY* were potentially exposed.