Berps & $BGT
Berachain Governance Token ($BGT) is a soulbound ERC20 Token, that is used for validator delegation, governance proposals and voting, and can be exchanged for $BERA by burning it.
How Does Berps Use $BGT
Berps is a native Berachain dApp that is an elligible reward vault for validators to distribute $BGT emissions to.
How Do I Get $BGT?
To qualify to receive $BGT individually, a user would need to deposit $HONEY into the Berps Vault, receive $bHONEY in exchange, and stake that $bHONEY. Over time the user will receive a portion of $BGT directed to the vault.
$BGT cannot be bought or traded, and can only be earned by effectively putting liquidity to work.