bsd13

*nix

[Smokey The Bera 🐻⛓ @SmokeyTheBera]

we've got a few projects lining up for launch that'll be offering very attractive yields on stables (10-20%+) and BTC (5%+)

they're hoping to primarily deal with a smaller set of concentrated LPs (HNWIs, funds etc), as opposed to retail.

DMs open for interested folks 🫡

[BroadLand @Broad_Land]

https://t.co/1nBanYiajG

[bsd13 @binarylogic101]

@FogalioFG @steadyteddys @Bullas_ lets mooooooooooo

[Fogalio ⚡ @FogalioFG]

Fogalio is teaming up with top Berachain NFT communities.

We have finalized collabs with the following communities:
@steadyteddys
@Bullas_

Additionally, for Mibera, we’re offering a collab free WL raffle for the community, requested by a community members.

Holders will get access to a dedicated community whitelist giveaway.
Details and mechanics will be shared directly inside each community’s own communication channels (Telegram, Discord) and on the HoneyRoad Forum

The Berachain community cannot be broken by any bear market and engaged, so we’re happy to include them fully.

More collab details soon.

Ted bless

[Alto @alto_money]

Alto is now live on Ethereum mainnet.

Mint, borrow, lend and leverage using DUSD, Alto's native collateralized stablecoin.

Read the launch article: https://t.co/WPh7llCgiP

[Smokey The Bera 🐻⛓ @SmokeyTheBera]

The next step for us as a team + eco is to go from effectively offering public goods to directly capturing value.

Imo Bera has a unique opp to leverage the fact that PoL emissions go to apps, not just Bera staking.

It’ll be an attitude shift but a huge W if we pull it off properly.

[Berachain Foundation 🐻⛓ @berachain]

As a matter of principle, we do not negotiate with terrorists.

Unless they happen to be the Steady Teddys in which case we will be happy to provide them with a customary "Ted Bless", though no promises will be made about the final rebase.

Teddy Revenge Arc.

[steady teddys @steadyteddys]

public service announcement

we will no longer post until they post

teddy revenge arc

[Smokey The Bera 🐻⛓ @SmokeyTheBera]

Bm Folks,

I wanted to put something out here to set the story straight in light of the recent hit piece. I also didn’t want to write a knee-jerk response without getting feedback from our legal team (given allegations made) and some of our largest stakeholders who have been exceptionally supportive, so my apologies for the lag time here.

To get straight to the point: the story’s framing is (A) incomplete and (B) inaccurate. We understand there is an appetite for dramatic narratives in a market where everyone is down bad, but this story in particular seems to be put together with the direct input of some bad faith actors, namely some very specific disgruntled ex-team members.

We first were made aware of Jack contacting tokenholders, former employees, and ecosystem projects several weeks ago, asking all sorts of leading questions (many entirely unrelated to the topics in the final article) about Berachain. During his brief tenure as an investigative reporter at Blockworks, he began asking tokenholders questions that were both misleading and factually wrong. Despite having never been contacted by Jack, our communications team decided to proactively reach out to him, and provided the following statement.

“Blockworks' reporting on this matter is both inaccurate and incomplete. Brevan Howard remains one of the largest investors in Berachain. Their investments involve several complex commercial agreements, but they participated in the series B fundraise on the same paperwork as all investors.” — Smokey the Bera

Jack was then terminated from Blockworks as their editorial business was wound down, and we’ve had no further discussion before this piece was released in Unchained today.

Let’s set some facts straight:

- Brevan Howard co-led our Series B a year ago, out of their Abu Dhabi office, via Nova, a new liquid-only vehicle on the same terms as all other investors. Nova had approached Berachain to lead the round some months prior to this.

- Nova’s compliance team required a provision to guard for a scenario in which Berachain failed to TGE and get listed, and thus the LOCKED BERA purchased in the financing would not be an eligible investment via Nova’s liquid strategy. Thus, we entered into the side letter posted in the article and committed Nova to additional commercial arrangements including an agreement to provide liquidity on the network, which was only possible upon launch. The side letter wasn’t created to close the deal with a party who otherwise would not have been interested, or to prevent against post-launch losses, as the article implies, and generally has precedent, as noted by external counsel mentioned in the reporting.

- In contrast to everything implied in this piece, Nova is still one of, if not THE, largest tokenholder in Berachain. They are a liquidity provider, a holder of both LOCKED BERA acquired in the Series B, and liquid BERA purchased on the open markets, and have continued to be supportive through highs and lows. If anything, they have increased their BERA exposure over time, despite running a liquid fund in a harsh alt environment.

There are several other claims in the story that are flatly untrue. No other purchasers were issued MFNs in the Series B, despite claims in the article. Nova remains a locked tokenholder in Berachain despite allusions to the contrary etc.

To any of our community members, friends, tokenholders etc who might be reading this, I’d like to apologize in advance for all of the messages that you’ll have to deal with as a result of this media cycle. People love an opportunity to dunk on Berachain, Bera PA etc and the combination of half-truths and excluded information here has provided a great opportunity for some to do so. In a perfect world, I could speak even more explicitly about some of the topics mentioned, but I’ve also got an obligation to respect the confidentiality and compliance restrictions that we’re accountable to, with the best interests of our tokenholders in mind.

Will do my very best to respond to DMs and comments while staying on top of my responsibilities to our team and ecosystem. And thank you to those folks who reached out and offered their kind words or support as opposed to blindly doubling down on the article.

Revenge arc remains on, even if we’re taking a few sucker punches.

[Infrared @InfraredFinance]

Fixed-rate lending and borrowing is now live on @berachain!

Powered by @TermMaxFi, users can borrow HONEY against iBGT and PT-iBGT-25DEC2025.

More assets will be supported soon 👀

[CryptoCondom @crypto_condom]

God knows i've made fun of $BERA alot over the years but this is genuinely great work and provides confidence in the chain for farms who may be feeling pretty badly rn

[Infrared @InfraredFinance]

It's been an eventful 24 hours on @berachain and for the rest of DeFi.

We are proud of the Berachain community for prioritizing the protection of user funds and supporting what's best for the network's future.

All funds on Infrared were safu throughout this period.

[Berachain Foundation 🐻⛓ @berachain]

We are happy to confirm that all funds (approx $12.8m) from the BEX / Balancer v2 exploit have been returned to the Berachain Foundation Deployer (https://t.co/GfbfjJTVLh). Chain is live.

We'd like to thank the white hat who worked with us to make this happen - we'll ensure that his wallet is unlabelled as malicious, and work towards a potential bounty as a sign of our appreciation.

HONEY mint/redeem has also been unpaused accordingly, while all BEX functionality has been limited, including swaps, withdrawals, deposits, etc.

You should expect to see some irregularities in reported APRs etc across the chain, as BGT and incentives have not been flowing for 24hrs.

We will be working with infra providers to ensure that key infra is up to date (RPCs, oracles, dev tooling, block explorers etc) over the next few hours, at which point we'll proceed with more detailed comms about next steps.

Return of funds:
There were originally over 1000+ depositors in some of the exploited pools (ie. iBERA), while others like USDe were much more concentrated.

For the exploited pools with large numbers of individual depositors, the Berachain core team is currently producing a system that will attribute the deposits to their original addresses, and distribute to users accordingly. Please bear with us as we ensure that this is carried out in a diligent and safe manner over the coming days.

Please note that for users with non-exploited deposits in the BEX right now, funds cannot be withdrawn. This has been done out of an abundance of caution as the cause of the Balancer exploit is still not fully known. We will track the situation closely and follow Balancer's lead to make sure that funds can be safely withdrawn / returned to users ASAP.

Thanks once again for everyone's support and patience here. We're doing our best to be diligent and communicative in this process, and will continue to get people up to speed as we ensure that functionality across all aspects of the chain is restored.

Berachain.

[Smokey The Bera 🐻⛓ @SmokeyTheBera]

tl;dr for my fellow illiterates:

- almost ready to go, mostly waiting on core infra providers to update RPCs (ie. oracles for liqs)
- white hat claims to be cooperative and is working with us on pre-signed transactions to ensure that funds are transferred as the chain goes live
- team to give a fuller technical rundown on changes made to keep things safu

thanks for the support homies, today was not easy but im hoping that we come out of this with a W

[Infrared @InfraredFinance]

https://t.co/eXu91q5rLL

[Smokey The Bera 🐻⛓ @SmokeyTheBera]

I've been less terminally online for the last few weeks between conferences + DAT stuff, esp post Black Friday.

Back to full focus on eco initiatives, upcoming TGEs and new protocol launches shortly.

I'll also write something up explaining how DATs work + how the BERA DAT was structured, as I've seen a lot of confusion and perhaps well meaning but misinformed soft FUD along the way.

Berachain revenge arc stays in motion.

[steady teddys @steadyteddys]

tedism to valhalla

[witcheer @witcheer]

I've just refined my search for early-stage projects. I am now trying to find projects with which at least some interaction is possible, potentially turning into an edge if the project works out well later on.

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• Website live you can already play with it.

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• You can bet on Enova number of followers on their website.

[Kodiak @KodiakFi]

Get USDC instantly from any chain to trade on Kodiak perps.

Bridge, swap, and deposit in one smooth flow. Trade instantly, no detours.

Powered by @RelayProtocol ⚡

[Berachain Foundation 🐻⛓ @berachain]

Berachain's native lending market is here.

BEND today, earn tomorrow.