Staking on Berachain is open to everyone, whether tokens are liquid or locked. Consequently, there is significant demand from investors to stake their $BERA via qualified custodians and staking services. Smilee provides custodians, token managers, and investors with a straightforward solution to achieve staking. With just one transaction, investors can seamlessly stake their tokens.
gBERA is a rebasing liquid staking token that allows investors to delegate their tokens to validators on Berachain and earn yield. It abstracts away the complexities of staking on Berachain’s system level, offering a user experience where staked $BERA organically accrues more $BERA over time.
The value of each gBERA token increases with rewards from block validating and from participating in the PoL. For instance, at launch, the exchange rate might be 1 BERA : 1 gBERA, but over time, gBERA’s price will rise so that 1 gBERA is worth 1.1 BERA, 1.2 BERA, etc., depending on rewards accrued.
Minting gBERA requires just one transaction via the mint(address receiver) method:
/**
* @notice Mints gBERA in amount corresponding to the qty of native token brought to the contract.
* @param receiver The receiver of the gBERA.
* @return shares minted to the receiver
*/
function mint(address receiver) external payable returns (uint256 shares);