Berachain introduces a unique Proof-of-Liquidity (PoL) consensus mechanism where users, protocols, and validators work together to enhance liquidity across the ecosystem. One key tool for managing this system is the BGT Station, the central hub for all things related to the BGT token.
This article will explain the key features of BGT Station and how you can use them to maximize rewards and manage liquidity effectively.
What is BGT Station?
BGT Station is your go-to platform for managing BGT tokens on Berachain. It provides easy access to different reward vaults, tracks active validators, and helps you delegate or undelegate BGT tokens. BGT Station also offers opportunities to convert BGT to BERA and claim rewards, making it an essential tool for anyone invested in Berachain’s liquidity-driven model.
This platform has five main sections: Vaults, Validators, Delegate, Redeem, and Rewards. Let’s examine each one.
Vaults
The Vaults section of BGT Station provides an overview of all active reward vaults. At the top of this section, there’s a dashboard showing key statistics such as the total number of active vaults, top-performing validators, and the estimated yearly BGT distribution. This is an essential tool for tracking the overall performance of the BGT economy.
The All Vaults list is below this dashboard on the left-hand side. Each entry in this list represents a different reward vault, allowing you to identify which vault you are interacting with. The top part of each entry provides the name of the reward vault.
Just beneath, you will see the dApp category that the vault falls under, as some dApps, such as BEX, could have multiple vaults.
Each vault contains these sections:
- Total Incentive Value. This figure shows the total value of all incentives available within the vault.
- BGT Capture. This represents the percentage of global BGT tokens captured by this vault.
- Validators. This section lists the validators directing their BGT emissions to the specific vault, allowing you to monitor validator participation in each pool.
Additionally, Incentives are displayed in the vault, where reward vaults can offer 1 to 3 different token incentives. Depending on governance decisions, these may include the project’s native token, HONEY, wrapped Bitcoin (wBTC), or other tokens.
If you want to earn BGT rewards, you must deposit your LP tokens. After providing liquidity on BEX (or other dApp), users can deposit their LP tokens into the vault under the Deposit LP section. This step is crucial, as you won’t start earning rewards until your LP tokens are deposited.
Validators
The Validators section shows a list of all active validators filtered by the amount of BGT delegated to them. This section provides detailed information, including:
- BGT Delegated. The total amount of BGT tokens staked with each validator.
- Commission. The commission rate for each validator.
- vAPY. The Annual Percentage Yield offered by each validator.
- Most Weighted Gauge. Indicates the most heavily weighted vault for that validator.
- Incentives. Shows additional incentives offered by validators.
Delegate
The Delegate section allows you to delegate your BGT tokens to a validator. Delegating BGT tokens can earn you rewards while helping to support the security and liquidity of the Berachain network.
If you need detailed guidance, follow the BGT Delegating Tutorial for step-by-step instructions.
Redeem
In the Redeem section, you can exchange your BGT for BERA at a 1:1 ratio. Keep in mind that redeeming BGT for BERA is an irreversible action, so be sure of your decision before proceeding.
Rewards
The Rewards section provides a breakdown of all your accumulated rewards:
- My BGT Rewards. Displays the amount of BGT earned for depositing LP tokens into a reward vault.
- My Incentives. Shows the additional incentives earned for delegating BGT to validators.
In this section, you can claim your accumulated rewards, whether they are BGT tokens or other incentives provided by the protocols or validators.
Explore
The Explore section features a list of native Berachain dApps, faucets, and dashboards to help users navigate the ecosystem. This section can cover your needs if you are looking for specific dApps or want to explore new opportunities.
Last words
BGT Station is your ultimate toolkit for managing BGT tokens within the Berachain ecosystem. Its user-friendly interface and powerful features make it easy to navigate whether you track reward vaults, delegate tokens to validators, claim rewards, or redeem BGT for BERA. By utilizing BGT Station, you’re not just boosting your rewards — you’re actively contributing to the growth and sustainability of the entire Berachain network.
So why wait? Start delegating your BGT to Everstake via the Validators Section.
Need a step-by-step guide? Check out the BGT delegation tutorial.
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