Berachain launched the first stage of its PoL Next upgrade, which will phase out the BGT token and shift the network's reward system to WBERA.
Berachain is preparing a hard fork that will replace its dual-token incentive model with one centered on its main BERA token.
Set for Wednesday at 4 pm UTC, the hard fork will end Bera Governance Token (BGT) emissions and shift the network's incentive system to Wrapped BERA (WBERA), the Berachain Foundation announced in a Tuesday X post.
Following the upgrade, the network will distribute fixed amounts of WBERA instead of BGT as block rewards. The change replaces Berachain's previous dual-token model, which split the network's functions between the transferable BERA token and the non-transferable governance token BGT.
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