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Berachain is an EVM-compatible blockchain built on the Cosmos SDK, using a unique Proof-of-Liquidity (PoL) consensus mechanism. It has a Tri-Token System with BGT (governance), BERA (gas token), and HONEY (stablecoin). Moreover, Berachain supports DeFi applications, including DEXs and lending protocols. It aims to incentivize liquidity provision while securing the network. The project is currently in testnet, with the mainnet launch expected in 2024.