Berachain has emerged as an innovative Layer 1 blockchain, introducing a unique Proof-of-Liquidity consensus mechanism that reimagines how validators, stakers, and applications interact. You can read more in depth about Berachain in our first look here.
At its core, Berachain’s BGT (Bera Governance Token) staking system offers a distinctive approach where staking rewards are intrinsically linked to providing liquidity to the network.
This guide will walk you through the complete process of staking in Berachain’s ecosystem – walking through delegating your BGT to Figment as your validator.
Before we dive into the step-by-step instructions, it’s important to note that Berachain’s unique three-token model (BERA, BGT, and HONEY) and Proof-of-Liquidity system create multiple opportunities for earning rewards while contributing to the network’s security and liquidity depth. For this guide, we will be focusing on staking BGT, the Bera Governance Token.
Let’s get started with your journey into Berachain staking.
*As of 11/6/24, Berachain Mainnnet is not live. This guide uses the Berchain Testnet to show the staking process.
Step-by-Step Guide: Staking BGT to Figment
Once you have BGT in your MetaMask wallet, you can now delegate it to Figment This process allows you to participate in the network’s governance and earn rewards.
Step 1: Locate Figment Validator: https://bartio.station.berachain.com/validators/0x1F64DaE2F11E5D385b811e964D2D72db5902Af6b
Validator Details
You can proceed to the next step by clicking on the ‘Delegate +’ button.
Enter the amount of BGT you wish to delegate. Once you’re ready, click on “Queue Boost” to initiate the process.
Queue Boost This feature places your delegation into a queue that processes over a couple of hours.
Once this time has elapsed, as shown below, you can ‘Confirm‘ your stake and delegate to Figment. Remember to sign the transaction, and you’re all set! 🎉
Next Steps with Figment
Congratulations! You’ve successfully delegated your BGT to Figment’s validator. As one of the leading staking providers supporting Berachain from day one, we’re committed to helping you maximize your participation in this innovative network.
By delegating with Figment, you benefit from:
- Enterprise-grade infrastructure and security
- Dedicated support team with deep Berachain expertise
- Proven track record of validator operations
- Regular updates and insights about Berachain’s ecosystem
Want to learn more about Berachain staking or have questions about your delegation? Connect with our team for personalized support and guidance. We’re here to help you navigate Berachain’s unique Proof-of-Liquidity system and make the most of your BGT delegation.
