The Berachain Foundation has released a white paper to introduce a new EVM-compatible Layer 1 public chain. The white paper details its innovative Proof of Liquidity (PoL) mechanism, which directly links validator rewards to web application requirements. The economic model uses a dual-token design: BERA for staking and trading, and BGT as a non-transferable governance token. The BGT Foundation will adopt a three-phase governance approach, gradually transitioning from the initial BeraSwap reward pool to fully decentralized governance.