BB and the POL Flywheel
A Defi NFT. Hold your JPEG and get rewards. Simple.
Beras Cant Read TLDR:
Booga Beras is tailored to POL from the ground up. It's backed by a validator network that injects liquidity into the collection, and it's designed to leverage POL to maximize it's efficiency. BB is your best entry point to Berachain's POL and a true set-and-forget solution for your peace of mind.
How Booga Beras tap into Proof of Liquidity
Borrowing from Berachain's playbook, we chose to release an NFT collection first, acquire users and build community, and then launch our full protocol Vase Finance.
For Booga Beras, we didn't only want a PFP and instead, we decided to create the best way for users to gain exposure to the Proof of Liquidity ecosystem within Berachain, fueled by liquidity from multiple chains.
This collection has been designed to act as a set-and-forget strategy for users to fully tap into POL, and experience how Berachain can repurpose liquidity from other ecosystems and maximize its utility.
Booga Beras are a Defi NFT, carefully crafted with six key value streams that concentrate liquidity from the ETH and Cosmos ecosystems and leverage POL to create flywheels never seen before outside of this new consensus.
Designed for Simplicity
The only thing you need to do to access our ecosystem's rewards is hold your NFT! With BB, you can delegate all work to our team, to find the best possible combination of Defi elements to grant you the best benefits to Berachain's ecosystem.
Our goal is for new entrants into Berachain to have a single point where they can fully leverage everything the chain has to offer even with limited knowledge of this new consensus, and for Berachain OGs to have a tailored solution to push the limits of what POL can achieve.
The Booga Beras POL Flywheel
In many ways, BB acts as a Defi Protocol akin to an aggregator, more than just an NFT. As a Defi protocol, we have to meet certain conditions:
Onboard liquidity from diversified sources
Provide utility to this liquidity so it becomes sticky and efficient
Be flexible, so users can choose their own strategy
Create a community around the protocol to promote growth and usage
Keep it simple enough so anyone can join with one click
Be tailored to to ecosystem and fully leverage it
Booga Beras meets all of these conditions and all you need to do is hold.
Our Approach on PMF
POL is complex and involves a learning curve. Users are excited about Berachain, but might not be fully aware on how to fully leverage it. There is a need for a single product that can guide users through every loop in this new consensus, and Booga Beras are the way.
Onboarding Liquidity:
At the core of Booga Beras lies a validator network and this is the main entry of liquidity into our ecosystem. We leverage APR's backed by entire chains to create a sustainable flow of liquidity into Berachain and Booga Beras. We reduce a single point of failure risk.
Provide Utility:
With BB, liquidity is always productive. You mint/buy a BB, and gain access to a rich ecosystem being fed by a multi-chain network and all you need to do is hold. Our team continues to build and ship new features that grant your BB expanded utility. They are also backed by validators, which means they can even be used in Defi, like borrowing against your BB to remain liquid, and rest on the fact that your NFT continues to accumulate rewards, making it a perfect collateral.
Flexibility:
Instead of going for a permanently inked design, BBs are customizable in looks and utility. Our Dynamic NFT standard allows you to change the look of your NFT to make it truly yours, and you can even customize your approach on rewards with utility traits. You can boost its validator rewards to gain more liquidity, or boost its governance rewards to gain influence in shaping the collection. The choice is yours, we simply provide you with a tool to explore new Defi avenues.
Community:
An NFT is the best way to create community in web3. Your PFP becomes your identity and your access key to a community with the same mindset. The social aspect of NFTs is unbeatable, and this is the key to create a strong product that works together for expansion. The fact that you can even tailor traits of your Booga Beras makes this psoposition even more special, as every BB is truly tailored to what you want and how you want to be represented.
Simplicity:
The only thing you need to do to access our ecosystem of rewards is hold. It doesn't get any simpler than that. No more looking for the latest Alpha to jump on new opportunities or deeply researching every new project that surfaces, thats our team's job. We are constantly on the lookout on new value that we can provide and ways in which our ecosystem can grow. You can relax and enjoy your NFT.
Tailoring:
Why does anyone buy a chain specific NFT? Because they want exposure to that chain, nothing else. With BB, every decision we've made has been done to fully leverage POL and build upon this innovative consensus. Aside from unique features custom to Berachain, BB holds its treasury, which grants direct access to ecosystem protocols. Using governance to rule on this treasury, BB holders play a role in leveraging what our team has built and can leverage this to become a significant actor within the ecosystem.
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