Berachain Ecosystem
Berachain mainnet is live. BGT (non-transferable governance token) is earned by providing liquidity in whitelisted gauge pools. The four main farming venues are Kodiak V3 (concentrated liquidity DEX), BEX (native AMM), BEND (lending), and Infrared (liquid BGT staking). Kodiak V3 launched in Q2 2026 with concentrated liquidity ranges for higher capital efficiency.
Berachain uses a unique Proof-of-Liquidity (PoL) consensus model where validators earn block rewards and direct BGT emissions to specific liquidity pools. This means users who provide liquidity in the right pools earn BGT — the governance token that controls where future emissions go. The ecosystem has grown significantly since mainnet launch, with Kodiak V3 now live as the primary concentrated liquidity venue.
Kodiak Finance launched V3 in Q2 2026, upgrading from its original V2 constant-product AMM to a concentrated liquidity model similar to Uniswap V3. The main changes:
The primary DEX on Berachain. V3 pools and Island vaults earn trading fees plus BGT emissions from gauge allocations. Highest fee volume on the network.
BEX is Berachain's native built-in DEX. Certain BEX pools receive BGT gauge allocations directly from the protocol. Lower IL risk than concentrated positions.
Berachain's native lending market. Supply assets to earn yield and BGT. Borrowing against collateral to lever up is a common strategy but adds liquidation risk.
Deposit BGT to receive iBGT, a liquid token that retains validator rewards. Infrared runs validators that direct BGT emissions to whitelisted protocols.
Berachain mainnet uses BERA as the native gas token. Bridge ETH, USDC, or WBTC via the official Berachain bridge or third-party bridges like LayerZero, Stargate, or Relay. You need a small amount of BERA for gas — the faucet at faucet.berachain.com gives a small amount to new wallets.
HONEY is Berachain's native overcollateralized stablecoin. Most high-BGT pools pair assets against HONEY (e.g., WBERA/HONEY, WBTC/HONEY). Mint HONEY by depositing USDC on BEX, or swap for it directly on Kodiak.
Navigate to bend.berachain.com, supply WBERA or HONEY as collateral, and earn supply APY plus any gauge-allocated BGT. BEND supply positions that are gauge-eligible earn BGT on top of base interest.
Instead of burning BGT for BERA, stake it on infrared.finance to receive iBGT. iBGT accrues validator delegation rewards and can be used in other DeFi protocols. Infrared also offers iBERA (liquid BERA staking) which earns a base staking yield.
The most efficient Berachain farming strategy is not just about providing liquidity — it is about understanding validator incentives. BGT emissions go to pools that validators whitelist. Validators whitelist pools based on bribes from protocols. This creates a flywheel:
Kodiak V3 is the latest version of Kodiak Finance, a concentrated liquidity DEX built natively on Berachain. V3 introduces price range selection for LPs (similar to Uniswap V3), plus Island vaults that auto-manage your position and stake the LP token for BGT rewards automatically.
BGT is earned by providing liquidity in pools that have been whitelisted for gauge emissions. The main venues are Kodiak V3 pools and Island vaults, BEX liquidity pools, BEND supply positions, and Infrared iBGT staking. BGT accrues automatically and can be claimed from each protocol's Rewards page.
As of July 2026, Kodiak Finance has not launched a native token. The protocol uses BGT incentives. Watch Kodiak's official Twitter and Discord for any future token announcements.
WBERA/HONEY and WBTC/WBERA typically receive the highest BGT gauge allocations because they are the deepest and most actively traded pairs. However, BGT emissions shift daily — always check the live Rewards page on Kodiak before depositing.
Yes. Berachain mainnet is live as of early 2025. BERA is the gas token, BGT is the non-transferable governance token, and HONEY is the native stablecoin. All major ecosystem apps (Kodiak, BEX, BEND, Berps, Infrared) are deployed on mainnet.
Infrared is a liquid staking protocol on Berachain. It converts your BGT into iBGT, which is transferable and earns validator delegation rewards. Infrared also runs a set of validators that direct BGT gauge allocations to whitelisted protocols, creating synergies with Kodiak and BEND.
Looking for more airdrop opportunities? Check the upcoming tokenless projects tracker for protocols that haven't launched tokens yet, or browse all active airdrops on the main listings page.
Use the free wallet checker to see your on-chain activity score and potential airdrop eligibility.
Check My Wallet — Free