Booga Beras Deep Dive Part 5: The Validators
Booga Beras: The Validators
Booga Beras is focused on harnessing DeFi to open up multiple value streams that benefit our holders. Our validators play a key role here, allowing the community to back our efforts while we boost their rewards. By delegating to Booga Beras validators, our community not only helps us build solid revenue streams but also strengthens our influence and presence across different chains, which in turn lifts the whole collection.
Plus, we’re committed to sharing a chunk of all validator revenues with our holders. So, the more our validators thrive, the more our holders receive. It’s a way to ensure everyone grows together.
Booga Beras Berachain Validator
Berachain’s POL is an efficient way for protocols to bootstrap liquidity by incentivizing validators to direct $BGT emissions toward their pools. We plan to leverage this mechanism further by establishing our own Berachain validator. This move will allow us to strategically channel $BGT emissions directly into pools that support the growth of our collection.
In addition to boosting our own pools, the Booga Beras treasury will deploy funds in tokens from our main partners and other promising protocols on the chain. By operating our own validator, we can also direct $BGT emissions towards these partners, enhancing our collaborations and helping the entire ecosystem grow. As our partners thrive, so does Booga Beras, fostering a cycle of shared success and growth.
Booga Beras Cosmos Validators
While Berachain introduces a novel consensus mechanism with POL, enabling protocols to efficiently bootstrap liquidity, it remains rooted in the Cosmos SDK and draws a significant user base from the Cosmos ecosystem.
Our goal for Booga Beras is to foster a sustainable ecosystem with robust exposure to the Cosmos ecosystem. To achieve this, Booga Beras will operate validators on multiple chains beyond Berachain. This strategy serves a dual purpose: firstly, it simplifies the issuance of liquid staked tokens under the Booga Beras brand by delegating exclusively to our validators. Secondly, by operating a project that accumulates rewards in various Cosmos tokens, we can distribute a share of all staking fees generated by our validators back to our holders and delegators, enhancing their returns and engagement.
Booga Beras Value Stream
Our ecosystem is designed to maximize rewards for our holders, with our validators playing an important role in this process. Initially, Booga Beras holders will receive 20% of all validator revenues, a figure that can increase with utility traits obtained from The Lair. As our validators expand, our holders benefit from a weekly distribution of a diversified basket of Cosmos tokens, and over time, we plan to continuously increase the percentage of rewards allocated to our holders.
Furthermore, through our Platinum partnership with The Honey Jar, all Honeycomb holders are entitled to 5% of the rewards from our validators. This partnership enhances the HC NFTs by providing a consistent yield from a diversified basket of Cosmos tokens, adding yields to their already large network of perks.
Our collaboration with The Honey Jar is structured to create synergy between our communities and align our mutual interests. We are thankful to The Honey Jar for integrating our community and project into their ecosystem of partners and are excited to give back by sharing the benefits we’ve developed.
To learn more check out Booga Beras socials below:
Twitter: https://twitter.com/BoogaBeras
