Beradrome Docs
  • 🐻 🚴 Introduction to Beradrome
    • What is Beradrome?
    • What Beradrome Aims to Solve
    • User Guide
  • 🔁Tokenomics
    • Overview
    • Beradrome Validator
    • Fees
    • Liquidity Trifecta
    • APRs
    • Being an oBERO Holder
    • Being a hiBERO Holder
  • 🔀Bonding Curve
    • Beradrome Bonding Curve
    • Beradrome Bonding Curve Illustrated with Examples
    • Borrow with No Interest/No Liquidation Risk
    • The Mathematics Behind the Virtual Assets
  • 🌀Vaults
    • Vault Overview
    • Gauge Vaults & How They Are Useful
    • Decentralization
    • Beradrome BGT Vault
  • 🚧Token-Owned Liquidity (ToL)
    • oBERO is In the Money
    • hiBERO as an Omni-LP
  • Vortex
  • FAQ
  • Audits
  • Mainnet Contracts
  • bArtio contracts
  • 🖼️NFT
  • Press Kit
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  1. Tokenomics

Being an oBERO Holder

The oBERO token is a big deal in Beradrome and sets it apart from systems like Solidly or Velodrome. It’s the reward token given to Liquidity Providers (LPs) who add tokens to the system to help with trading. Plus, it doubles as a “call option” for buying $BERO at a set minimum price (the floor price). If you’re an LP holding oBERO, you’ve got two main choices:

  1. Buy $BERO Cheap: Use your oBERO to grab $BERO at its guaranteed lowest price (the floor price).

  2. Trade for Voting Power: Instead of buying $BERO, you can “burn” (destroy) your oBERO to get “Voting Power” that’s locked forever. This Voting Power can’t be used to borrow HONEY.

Differences between hiBERO and oBERO

Criteria
hiBERO
Burned oBERO

Earn 20% of emissions

✔️

✔️

Earn swap fees

✔️

✔️

Earn BGT

✔️

✔️

Borrow HONEY against

✔️

❌

Vote to earn rewards

✔️

✔️

For an in-depth understanding of the oBERO token and the mechanics of redeeming $BERO at the floor price through the bonding curve, please refer to the "Beradrome Bonding Curve" section for comprehensive information.

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Last updated 1 month ago

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