Overview
BeraTrax is a mobile application designed to streamline interactions with decentralized finance (DeFi) on the Berachain blockchain. It enables users to effortlessly enter yield-earning vaults with a single click, making DeFi accessible to both newcomers and experienced users.
Key Features
- User-Friendly Access: BeraTrax allows users to sign in using social logins or connect their existing wallets. The platform provides gas coverage, automated swaps, liquidity pool (LP) creation, deposits, and auto-compounding, simplifying the DeFi experience.
- Beta Program: Currently available as a web-based beta, BeraTrax offers users the opportunity to explore its features on any device or mobile browser. The beta includes exclusive partner vaults from protocols like Kodiak, Infrared, Arbera, and Steer, with more integrations planned.
- BTX Points and Referrals: During the beta phase, users can earn BTX points based on the amount staked and the duration of staking. Additionally, a referral system allows users to earn extra points by inviting others to join the platform.
Tokenomics
- BTX Token: BTX is the upcoming governance token of the BeraTrax platform. Token holders will have the ability to direct rewards from validators, influencing the platform's development and operations.
- BGT Integration: BeraTrax aims to be whitelisted to provide BGT rewards from its vaults, in addition to passing through BGT rewards from other protocol pools. This approach offers users an additional source of BGT, enhancing the platform's value proposition.
Why BeraTrax?
- Seamless DeFi Experience: By automating complex processes and offering a user-friendly interface, BeraTrax lowers the barrier to entry for DeFi participation.
- Community-Centric Growth: The platform's referral and rewards systems encourage community engagement and expansion, fostering a vibrant ecosystem.
- Innovative Governance Model: With the introduction of the BTX token, users will have a say in the platform's governance, aligning interests between the developers and the community.
FAQs
1. What is BeraTrax?
BeraTrax is a mobile application that simplifies DeFi interactions on the Berachain blockchain, allowing users to enter yield-earning vaults with a single click.
2. How can I participate in the BeraTrax beta?
You can access the web-based beta on any device or mobile browser. Simply sign in using a social login or connect your existing wallet to start exploring the platform's features.
3. What are BTX points, and how can I earn them?
BTX points are earned during the beta phase based on the amount you stake and the duration of your staking. You can also earn points by referring new users to the platform.
4. What is the role of the BTX token?
BTX will serve as the governance token for BeraTrax, allowing holders to influence platform decisions and direct rewards from validators.
5. How does BeraTrax integrate with BGT rewards?
BeraTrax plans to provide BGT rewards from its vaults and pass through BGT rewards from other protocol pools, offering users an additional source of BGT.
