What Can You Do on Berachain? A Comprehensive Guide to Key Mainnet Applications and Yield Strategies
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What Can You Do on Berachain? A Comprehensive Guide to Key Mainnet Applications and Yield Strategies
From a practical perspective, explore the real ecosystem on the chain.
Navigating Web3 tides with focused insightsAuthor: Berachain
Translation: TechFlow
It's finally here.
After two years of waiting, Berachain’s Mainnet launched last Thursday, and the Beras have been cooking. There’s a lot going on, and it’s hard to get a full picture of everything happening on-chain — but this article will give you a comprehensive overview of nearly everything you can do on Berachain right now.
Berachain itself needs no introduction, but its consensus mechanism — Proof-of-Liquidity (PoL) — is the core innovation driving Berachain’s economic model. Initially, when this novel consensus idea was first proposed, Berachain was just a community, not an L1. But things have changed dramatically since then. After attracting over $3 billion in deposits through the Boyco program, Berachain has officially gone live, started producing blocks, and drawn in a wave of dApps and users.
This blog usually focuses on Berachain’s fundamentals and future potential, but this time we’ll take a practical approach to explore the real on-chain ecosystem. Let’s dive in!
Exploring Berachain’s DeFi Ecosystem
We begin with an overview of Berachain’s DeFi ecosystem. Much of this ecosystem relies on assets deposited via Boyco, while dApp teams are actively launching new strategies and on-chain features.
According to DefiLlama, Berachain’s total value locked (TVL) is slightly above $1.9 billion, though this figure doesn’t include all Boyco assets. Captain Jack Bearow wrote an excellent summary on how the Boyco market works and where these assets are flowing — you can read it here.
Let’s briefly explain how Boyco works before diving into mainnet activity.
The Boyco program selected 12 applications and over 20 asset issuers. Boyco assets were categorized into three types: primary assets, third-party assets, and hybrid assets. Depending on the asset class, different multipliers and lock-up periods applied. Teams submitted application scripts outlining how these assets would be deployed once mainnet launched.
From Berachain’s TVL data, we see that not only is capital distributed evenly across dApps, but also healthily spread across pools, assets, and strategies. Next, we’ll walk through some on-chain activities and highlight specific strategies and pools to illustrate what’s possible.
We start with BeraHub, where we can observe how PoL magic works.
Upon opening the site, you'll see several tabs, but let’s begin with the liquidity pools. The top five TVL-ranked pools allow you to deposit HONEY or WBERA, paired with assets like BYUSD, USDC.e, WETH, and WBTC depending on your risk appetite.
These LP tokens can be staked in reward vaults — the primary way to earn BGT rewards on Berachain. Currently, five reward vaults — corresponding to the five liquidity pools — have been whitelisted and opened for deposits, each offering different BGT capture rates and annual percentage yields (APR).
At the time of writing, Kodiak’s TVL exceeds $690 million — so where is this capital coming from, and how are LPs leveraging Kodiak’s infrastructure?
If we look at the top ten TVL-ranked liquidity pools, Kodiak maintains deep liquidity across multiple pairs spanning all three asset classes mentioned earlier. Among the top five, WETH pairs occupy three spots, with others including STONE, WBTC, HONEY, and beraETH.
Over $375 million in WETH was deposited through the Boyco program, much of which is now deployed on Berachain’s mainnet.
Kodiak offers more than just rewards for standardized assets — it has introduced “Sweetened Islands,” products specifically designed for BERA/HONEY, BERA/WETH, and YEET/BERA pairs, currently offering triple-digit APRs. Whatever your needs, Kodiak delivers. With assets growing beyond $1.1 billion, the platform continues rolling out new features and farms — including a WBTC/BERA Sweetened Island, integration with Zapper, and continuous listing of new tokens within the Berachain ecosystem.
D2 Finance currently offers unique strategies on Berachain such as Hyperbera.usdc, Hyperbera.Weeth, Kodiak ++, Dgnberaland, and Hyperbera. At the time of writing, the protocol’s TVL exceeds $10 million, and the team continues building differentiated products that leverage the broader Berachain ecosystem.
D2 recently shared their thoughts on Berachain and PoL, aiming to bring tokenized derivative strategies to Berachain — strategies that not only offer attractive yields but also benefit from PoL’s reflexive and incentive-driven structure. If you’re looking to passively farm BGT rewards through a series of actively managed strategies, D2 could be your ideal destination.
Ooga Booga is a native liquidity aggregator that has already processed nearly $200 million in trading volume since launch. This volume comes from various tokens, primarily BERA, HONEY, and USDC.e.
Beyond trading volume, Ooga Booga continuously lists new tokens and allows users to trade assets across multiple DEXs with a clean user experience, while consistently adding new partnerships and integrations.
Beyond trading volume, Ooga Booga continuously lists new tokens and allows users to trade assets across multiple DEXs with a clean user experience, while consistently adding new partnerships and integrations.
Dolomite has attracted nearly $1 billion in assets to its platform, with over $32 million borrowed. Dolomite is building a money market and margin trading protocol serving both Berachain and users who want to maximize their asset utility.
For users looking to stake BGT or BERA, Infrared is key.
The platform is a user-friendly, PoL-focused liquid staking solution. Infrared has already attracted over 180 million BERA, allowing users to stake BERA and receive iBERA — a liquid token (ERC-20) backed 1:1 by BERA. Deposited BERA tokens are staked through Infrared’s validator network, and users earn staking rewards automatically without further action.
A major advantage of liquid staking tokens isn't just easy access to staking yields, but also enhanced capital efficiency. Within the Berachain ecosystem, you can use iBERA to provide liquidity, borrow, or serve as collateral — all without giving up staking rewards. Infrared will also launch iBGT, a liquid version of BGT for users aiming to maximize PoL rewards. More details can be found here.
If you want maximum exposure to the Berachain ecosystem, consider depositing into Yeet’s Liquidity Trifecta Vault (detailed here).
In short, Yeet partners with Beradrome and Kodiak to offer a highly user-friendly auto-compounding yield product, allowing depositors to earn mining rewards and automatically re-add them to their Yeet/Bera LP position.
Rather than manually providing liquidity, staking LP tokens in Beradrome, and routing through Kodiak’s YEET/BERA “Sweetened Island,” users can now complete all steps seamlessly through Yeet, eliminating cumbersome processes. If desired, you can even withdraw the LP tokens from the Liquidity Trifecta Vault for other uses — the choice is yours.
Beradrome officially launched on February 9, aiming to become the go-to liquidity market for any yield-generating asset on Berachain. While its structure is fairly complex (details available in their docs), this hasn’t stopped community members from depositing assets and activating “flywheels.”
Beradrome’s architecture draws inspiration from the Solidly model, attempting to optimize it. Powered by PoL, Beradrome leverages reward vaults and yield tokens to build deeper liquidity. If this dApp continues growing, users will have stronger incentives to engage with BERO, hiBERO, and oBERO — simultaneously benefiting from both Beradrome and PoL advantages.
Last but not least, Smilee Finance launched gBERA — a unique liquid staking token designed to automatically rebase and accumulate rewards via Berachain validators. Unlike other liquid staking tokens like iBERA, gBERA stands out by automating the reward claim process, rolling rewards back into BERA without requiring user intervention. The team plans to roll out additional integrations in the coming weeks, enabling users to wrap gBERA and use it across various applications in the ecosystem.
GameFi, SocialFi, and MemeFi on Berachain
If DeFi isn’t your thing, that’s okay too.
Berachain is not just another DeFi chain — its ecosystem already shows remarkable diversity, even just one week after mainnet launch.
Maybe you just want to bridge to Berachain, take a breather, step away from dApps for a moment, and plan your next move. If so, check out bera.tv. The team describes it as “the first cross-dimensional AI-generated TV show,” airing exclusively on Berachain. If you enjoy watching two AI bear news anchors discuss various topics, this is the place for you.
Want to bet, but not interested in sports? Over/Under is now live on mainnet, allowing you to bet in real-time on live video game outcomes and create multi-leg parlays. Streaming has become one of the most popular ways to reach audiences, and the data doesn’t lie — last year, over 7 million unique streamers used Twitch, with an average of 2 million concurrent viewers.
If crypto hopes to break out of its bubble and attract broader adoption, catering to people’s existing interests is a promising path forward. Over/Under aims to become the go-to hub for streamers and speculators alike — and it’s exclusive to Berachain.
Memeswap aims to be the premier destination for memecoin traders, offering a pump dot fun-like experience tailored for the Berachain community. If you want to benefit from increasing on-chain activity without directly buying tokens, you can stake your BERA on Memeswap to provide leased liquidity for new token launches and earn yield.
For users who do want to trade tokens, Memeswap lets you track new token deployments, recent bonding events, and other details to stay up to date. Memeswap has already processed over 370,000 BERA in trading volume and integrates with Infrared, Ooga Booga, and other teams to deliver a seamless experience for all types of traders.
Shogun is building a platform via gun.fun to make onboarding easier. With just one click, users can transfer assets from any chain to Berachain. Launched on February 11, Shogun enables anyone — even those on non-EVM chains — to send assets to Berachain, despite Berachain being EVM-equivalent.
Honey Chat is a native Berachain social networking app redefining social dynamics through on-chain mechanisms. After registering and connecting their existing X account, users gain access to a network where social reputation truly matters — governed by tokens.
Advancing Proof-of-Liquidity (PoL)
Now we come to PoL — although it hasn’t officially launched yet.
Instead of waiting passively for PoL activation, consider proactively how PoL will integrate with existing on-chain liquidity and how you can position yourself to benefit. Whether you're rotating between dApps based on reward programs or staying loyal to one or two, thinking ahead offers significant advantages.
As previously mentioned, only five reward vaults are currently whitelisted — what happens when more protocols begin applying for whitelisting? BGT capture rates are still relatively balanced today, but this likely won’t last long. For more details on how reward vaults actually function, refer to the documentation.
Berachain’s tokenomics are designed to promote a healthy balance among on-chain behaviors, with good reason for separating the gas token from the governance token. Unlike BERA, which releases 10% annually, users and dApps can earn BGT — a token with entirely different unit economics and game theory.
A quick note: there are already some opportunities on-chain, such as Infrared’s iBGT, which currently offers solid APRs — even in stablecoins.
When PoL activates and goes live, early participants will be rewarded for their patience and diligence, while others will need to catch up and understand why Berachain is fundamentally different from PoS chains.
For now, this article should give you plenty to think about and act on — though many aspects remain unexplored. If you want to stay updated on Berachain, start with the foundation’s X account and ecosystem page, which will continue updating as more teams go live on mainnet.
Thanks for reading, Beras.
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