Binance Labs, in partnership with OKX Ventures and other institutional investors, announced today the launch of “Berachain Vault”, a liquidity infrastructure developed by StakeStone. The Berachain Vault allows users to deposit assets such as ETH and STONE (StakeStone ETH) to earn a range of rewards, including rewards from Berachain and its ecosystem protocols (via Boyco), STO token airdrops from StakeStone (approximately 0.45% of the total supply), staking and restaking incentives, as well as future earnings from Berachain’s Proof of Liquidity (PoL).
To participate, users simply need to visit the Berachain Vault website, connect to the Ethereum mainnet, and deposit ETH, STONE, and other assets into the Berachain Vault to receive StakeStone Berachain’s vault tokens – beraSTONE/beraSBTC (not yet available). By doing so, users will receive Bera-Wave points and other rewards from the Berachain ecosystem, with all rewards distributed based on the amount of beraSTONE/beraSBTC held or used by the user.
Moreover, using beraSTONE or beraSBTC in DeFi can accelerate point acquisition. For example, providing liquidity on Uniswap can earn 5 times the points, and setting the price range within ±0.1% can earn 6 times the points. For detailed point calculation methods, please refer to this official article. However, it should be emphasized that currently the vault only allows deposits and does not support withdrawals. To cash out beraSTONE, users must utilize decentralized exchanges (DEX) or over-the-counter trading.
It is worth mentioning that the first 10,000 participants (who deposit ≥ 0.042 ETH or ≥ 0.0015 BTC) will also receive a reward of 150 STO. Additionally, using the referral code 2A30E will grant an additional 10% in points.
