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Berachain mainnet PoL Next goes live, transitioning the BGT model to the SWBERA incentive system.

MarsBitNews
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Mars Finance News, Berachain Mainnet PoL Next has officially gone live. The contract upgrade marks the first step in transitioning from the original BGT model to a more simplified and sustainable incentive system centered around sWBERA. The full transition consists of two phases: on July 7, contract changes take effect, and WBERA begins to be distributed in place of BGT; on July 8, a hard fork will permanently halt BGT production, and the old mechanism will be shut down. After the transition is complete, BGT LST Reward Vaults and BGT LST incentives will be gradually phased out over the following days. The official team will provide migration tools for all users on the Hub's Portfolio page, but the migration will not be executed automatically — users need to manually swap BGT and BGT LSTs for sWBERA. Early APR may fluctuate, with an estimated potential increase of up to 3 times the original. The hard fork time is July 8 at 16:00 UTC (12:00 PM EDT).
BERA-4.69%
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