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Techub News reports that the Berachain community has initiated a proposal to "reduce the annual inflation rate of BGT tokens from 8% to approximately 5%." This proposal aims to enhance the long-term economic sustainability of the network, improve release efficiency, and align with the inflation levels of mainstream L1 networks. The proposal emphasizes that this change will not alter the existing PoL reward mechanism, treasury allocation logic, or validator incentive functions; it only adjusts the total annual issuance of BGT. Specifically, this will be achieved by lowering the "reward rate" parameter.
Techub News, Berachain tweeted that the refund claim page is expected to launch early next week, allowing those who lost funds in the previous Balancer v2/BEX exploit to retrieve their deposits. For users who deposited through vault contracts (e.g., nfrared), funds can be claimed directly using the original deposit address. Additionally, Berachain announced it will release a CSV file containing all wallets and their estimated claimable amounts. All recovered funds will be returned to users, representing approximately 96% of the deposited amounts in most pools. For funds still locked in BEX, an additional hard fork is expected later next week to unlock BEX contracts at the virtual machine level. Following this, recovery mode will be enabled on the Composable Stable v6 pools, referencing Balancer's recent announcement.
Techub News, Berachain announced that all funds lost (approximately $12.8 million) due to the BEX / Balancer v2 exploit have been returned to the Berachain Foundation Deployer address. The blockchain has resumed operations. HONEY minting/redemption functions have also been restored accordingly, but all BEX functionalities are restricted, including swapping, withdrawals, deposits, etc. For those exploited pools with a significant number of independent depositors, the Berachain core team is currently developing a system that will return the deposits to their original addresses and distribute them to users accordingly. The team reminds users that currently, unaffected deposited funds in BEX cannot be withdrawn temporarily. This is a precautionary measure as the root cause of the Balancer exploit has not yet been fully identified.
Techub News, Berachain posted on X platform stating that the hard fork upgrade files have been distributed, and many validator nodes have been upgraded. It hopes that core infrastructure partners required for on-chain operations (such as liquidation oracles) ensure to update their RPC, as this is currently the main obstacle to resuming on-chain operations. After completing core service RPC requests, coordination with bridges, CEX partners, custodians, etc., will follow to restore services. Berachain added that it is currently communicating with a BEX fund holder, who is an MEV bot operator and claims to be a white-hat hacker, willing to pre-sign a series of transactions to return the funds after the upgrade. The funds are expected to be returned to Berachain's deployment address.
Techub News reports that Berachain tweeted, noting the Balancer vulnerability incident and is taking preventive measures to avoid potential damage to the Berachain ecosystem, particularly BEX. As a temporary measure, Berachain has suspended HONEY minting and BEX pool/vault functions, and will continue to provide updates.
Techub News, according to The Defiant, the Berachain ecosystem project Honeypot Finance has completed a new funding round at a $35 million valuation. Participants in this round included Mask Network, CatcherVC, and Credit Scend, among others. The specific funding amount has not been disclosed. This round of financing will primarily be used to advance the research, development, and deployment of an AMM perpetual contract DEX (Perpetual DEX). As a crucial supplement to Honeypot's existing DeFi infrastructure, this product aims to address the structural bottlenecks of traditional order book-based perpetual contract exchanges and further enhance Honeypot's omnichain liquidity system.
Techub News, Axelar has initiated a governance proposal to discontinue integration with three chains: Flow, Berachain, and Plume. The reason is that these chains have not generated sustained transaction activity since their launch, but incur hundreds of thousands of dollars in validator infrastructure costs annually. The protocol stated that these chains were integrated through the Amplifier framework, with the foundation subsidizing related validator fees over the long term. However, an internal review found almost zero cross-chain transfer activity. The proposal will enter the standard governance process, with token holders able to vote within three days. If passed, there will be a one-week notice period before the connections are formally terminated.
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