$pBERA

pBERA $PBERA

PAW BERA

Paw BERA ($pBERA) is a Liquid Staked BERA token issued by BeraPaw. It represents 1:1 ownership of BERA staked into a mix of Berachain Validators and Native Staking Vault. $pBERA allows users to remain fully liquid while their BERA secure the network and earn rewards through a separate yield layer. Holders can trade, transfer, use across DeFi or stake $pBERA into to access chain rewards and auto-compounding yield.

How to mint?

$pBERA can be minted by depositing BERA, WBERA, sWBERA or LBGT into our staking contract via the official BeraPaw website.

Backing and Security

Each $pBERA can be minted and redeemed for BERA without any fees and is backed 1:1 by BERA. Underlying BERA is pooled with other deposits and staked optimally accross Berachain Validators and the Native Staking Vault.

Interactions and uses

  • Transferable: $pBERA is a fully liquid ERC-20 token, tradable and usable across Berachain applications.

  • Redeemable: Users can burn $pBERA to withdraw native BERA. Redemptions are queued and processed based on validator exit mechanics, ensuring 1:1 backing.

  • Stakable: $pBERA can be staked into the stpBERA vault to unlock rewards from validator performance.

  • Rewards: Only staked $pBERA earns validator rewards. These rewards are auto-compounded within stpBERA. Since not all $pBERA will be staked at once, active stakers earn a boosted share of total rewards.

  • Composable: $pBERA can be used as collateral, liquidity, or yield farming across Berachain DeFi protocols.

Yield & Proof of Liquidity

All yield generated from the underlying is split 50/50 (can be changed by governance) between $pBERA stakers and proof of liquidity incentives for $pBERA liquidity. This ensures a deep liquidity for $pBERA, a bigger multiplier effect for stakers since fewer tokens are staked, and a sustainable model to grow the protocol.

Key benefits:

  • Auto-Compounding: Rewards from validator delegation are harvested and reinvested periodically, increasing vault value.

  • Boosted Returns: As only a portion of $pBERA supply is staked, those who participate receive proportionally higher rewards.

  • Composable: stpBERA can be integrated into DeFi vaults, lending markets, or other primitives, expanding its utility across Berachain.

Supply and Value Model

  • Supply: Elastic and fully backed. $pBERA is minted 1:1 for each BERA deposited and burned 1:1 on redemption.

  • Utility: Enables liquidity for staked BERA, access to DeFi strategies, and reward participation through stpBERA.

  • Intrinsic Value: Always equal to one BERA. Its real power lies in its yield and flexibility since you can hold it, use it, or stake it to generate yield.

Fees

BeraPaw takes a 10% performance fee on generated yield. There are no minting or redemption fees for $pBERA.

$LBGT Staking$PAW