They are not optimistic about you, but you are the least angry 😭
In fact, it's good to be honest about DeFi first, but it's very difficult for consumer applications to get started...
The Boyco unlock of 5.6 could be the last catalyst 🥲 I foresee @berachain in the short term
I will also monitor the price of the currency and the application of reward vaults for a period of time after unlocking, and if the performance is still not satisfactory, I will consider withdrawing all $BERA-related positions
There is nothing wrong with the design of PoL itself, but the forward flywheel needs to have potential energy, which is unfortunately not provided by Berachain:
1) The first two PoL reward vaults did not direct BGT to the right assets
2) The governance of PoL itself does not allow users to participate, and the governance utility of $BGT is not reflected, so the demand for $BGT since its launch is not large, but has been converted into a large number of $BERA selling pressure
3) Lack of market attention, which is the deadliest.
Unlike ve33 x33 on @SonicLabs, which uses the public chain to subsidize assets to increase APY, the worst thing Berachain does is to have both.
The reluctance to admit that it is a DeFi chain and to increase its efforts to subsidize innovative DeFi protocols, while also wanting to focus on consumer adoption and mass adoption, is unlikely to take place in the current crypto market
There may be less problems in the mechanism, but digging and selling kills the price of the coin, weakens the flywheel potential energy and even becomes a resistance to progress.
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