Financials

Onchain Activity

BERA Token

Network REV (Real Economic Value) is the measure of user demand to transact and is the "top line" metric of a blockchain. It consists of all transaction fees and out-of-protocol tips (generally related to MEV) paid for transaction execution.

There are no out-of-protocol tipping mechanisms live on Berachain today, so the REV solely consists of in-protocol transaction fees.

**Base Fees**: The minimum fee required for a transaction to be included in a block as determind by the mechanism layed out in EIP-1559.

**Priority Fees**: An additional fee to incentivize validators to prioritize and execute transactions. 

Berachain: Network REV (Real Economic Value)

**Token Holders**: Receive the Base Fee which is burned.

**Validators**: Receive the Priority Fee which via direct distribution.

Distribution of transaction fees and MEV tips to stakeholders

Berachain: Distribution of REV

Bera Governance Token (BGT) is the governance and economic incentive token of Berachain.

New BGT is issued in each new block as determined by the [emission formula](https://docs.berachain.com/learn/pol/bgtmath#bgt-emissions-structure) that consists of a fixed amount plus a variable amount determined by the proposing validator's BGT delegation ("boost"). New issuance is split between validators and Reward Vault Stakers. Reward Vaults allow anyone to stake eligible assets in return for a share of new BGT Issuance.

BGT is redeemable 1:1 into BERA, but BERA cannot be converted into BGT. 

Berachain: BGT Issuance

Bera Governance Token (BGT) is the governance and economic incentive token of Berachain.

New BGT is issued in each new block as determined by the [emission formula](https://docs.berachain.com/learn/pol/bgtmath#bgt-emissions-structure) that consists of a fixed amount plus a variable amount determined by the proposing validator's BGT delegation ("boost"). New issuance is split between validators and Reward Vault Stakers. Reward Vaults allow anyone to stake eligible assets in return for a share of new BGT Issuance.

BGT is redeemable 1:1 into BERA, but BERA cannot be converted into BGT. The Redemption Rate is calculated as the amount of BGT redeemed divided by the amount minted in a given period.

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Berachain: Financials

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