We've been quiet as the first ERA pilot preps to go live this quarter. Now they've got some capital deployed (stealth), solid PoC data, an 8 fig LP pipeline, and a 0 to 1 path towards yield generation on a massive non yield bearing asset. Excited to share more soon.

New PoL, new site, same beras. I'll miss the Beravatar and the wackiness of our OG site, but we're trying to send a clearer message to a different audience. The bears remain, just a little more buttoned up. Excited for the Earn app and more updates on the DeFi stack soon.

PoL Next has a simple goal - turn costs (emissions) into revenues (revenue shares in companies on the chain) The next most important part of the equation is identifying revenue positive businesses that want utilize our emissions to accelerate their growth. The good news is, we’ve got a couple of them lined up already - as these teams mature and launch more publicly, we’re hoping to Show, not Tell as they start generating revenues and accruing value back to BERA holders. We’ll follow up shortly by sharing more about ideal team profiles, and a formal application process for interested parties. Onwards 🫡

The only way to survive is to adapt. The user base, developer base, and mechanisms that Berachain was originally built around are mostly relics of crypto history at this point in time. They've been replaced by some of the largest financial institutions in the world, and a crop of forward-thinking companies leveraging the advantages of an on-chain economy (capital formation, composable finance, money transfer and more). In order to compete in a world of corporate chains with existing user moats, Berachain has to take a fundamentally different approach to every other group. That's what PoL Next is meant to accomplish. We're going to bet the house on a small subset of misfits and moneyball teams with asymmetric growth potential, and some semblance of PMF. Berachain's emissions will finance their growth, our DeFi stack will integrate their assets, and our team will direct our attention towards helping them grow. The model ends up looking similar to revenue financing / CAC financing for our tradfi friends in the room. In return, these teams will help us do something which has never been accomplished at the chain level before - making emissions profitable. I'm excited to try new things, and help to Build some very robust Businesses. More on this and info on some of the programs first particpant(s) over the next few weeks.