Berachain announces PoL Next roadmap: reducing inflation, simplifying token models, and launching ERA protocol On May 22nd, according to official sources, Berachain announced the next phase of its Proof of Liquidity (PoL) evolution roadmap. Berachain pointed out that most blockchains use tokens like a faucet, with little value flowing back and forth. Blockchain bears the operating costs of the economy, but cannot profit from it. Berachain hopes to break this dilemma through PoL Next - converting every dollar of emissions into compound interest for BERA holders. PoL Next will be promoted in three stages: the first stage: reducing inflation, lowering the inflation rate from 8% to about 5%, and opening up dedicated emission channels for on chain self owned projects; Integrate long-term idle reward vaults, reduce meaningless distribution, and enhance the emission impact of each token. Phase 2: Simplify the token model, abandon BGT tokens, and accumulate all incentive values in SWBERA. The entire ecosystem only has one token, one revenue path, and one value destination. Phase 3: Launch ERA (Emission Return Agreement), where high growth teams can apply for dedicated emission streams that match their own development stage and obtain non dilutive growth capital. The agreement must provide a minimum fixed income within 3-12 months and permanently share a portion of future income with Berachain. ERA will completely replace the existing incentive market in the future. In addition, Berachain has announced an implementation schedule: PoL Next will be launched on the Bepolia test network on May 26th, the Fusaka EL hard fork will take place on May 27th at 4:00 PM (UTC time), and the main network is scheduled to be launched in late June. The remaining BGT can still be exchanged for BERA at the Hub, and future emission rewards will be received in the form of WBERA or SWBERA.