Liquid BGT LBGT Price

What is Liquid BGT (LBGT)?

Liquid BGT ($LBGT) is the core token of the BeraPaw protocol, a liquid staking wrapper built on the Berachain blockchain, a Layer-1 network known for its innovative Proof-of-Liquidity (PoL) consensus mechanism. Launched in early 2025, $LBGT transforms Berachain’s native governance token, BGT, into a transferable, versatile asset designed to enhance user participation in decentralized finance (DeFi). Unlike BGT, which is non-transferable and tied to the address that earns it, $LBGT is minted permissionlessly by staking liquidity pool (LP) tokens in whitelisted Berachain reward vaults, with each $LBGT backed 1:1 by BGT held in BeraPaw’s secure vaults. 

This allows users to trade, collateralize, or leverage $LBGT across DeFi ecosystems, such as providing liquidity on platforms like BEX, Bulla, or Kodiak V3, while still earning BGT’s staking rewards and governance benefits. The BeraPaw protocol automates PoL interactions, including validator delegations and reward reinvestment, simplifying complex processes for users. Staking $LBGT yields stLBGT, an index token that auto-compounds incentives, boosting returns compared to traditional BGT staking. 

The ecosystem also introduces $PAW, BeraPaw’s governance token, enabling $PAW holders to vote on validator strategies, protocol upgrades, and treasury management, ensuring decentralized control. With a total supply tied to minted BGT, $LBGT fosters flexibility, allowing users to maintain liquidity while participating in Berachain’s governance and reward system. BeraPaw’s validator-agnostic approach avoids conflicts of interest, and its treasury, managed by $PAW holders, supports $LBGT’s ecosystem growth. By integrating with Berachain’s tri-token model (BERA, BGT, HONEY), $LBGT empowers users to engage in a dynamic DeFi landscape, from yield farming to governance, making it a pivotal asset for those seeking to maximize Berachain’s potential without sacrificing asset mobility.

What is unique about Liquid BGT (LBGT)?

$LBGT uniquely tokenizes Berachain’s non-transferable BGT into a liquid asset, enabling DeFi trading, collateralization, and auto-compounded staking with stLBGT, while preserving governance and PoL rewards in a decentralized, user-friendly system.

Who are the founders of Liquid BGT (LBGT)?

The founders of Liquid BGT are anonymous, developed under the BeraPaw protocol team with no specific individuals publicly named.

Who are the backers/investors of Liquid BGT (LBGT)?

The backers of Liquid BGT are not explicitly disclosed, relying on community-driven support within the Berachain ecosystem, with no named institutional investors.