Berachain's Proof of Liquidity changelog shows a major reward design change. BGT no longer has a user-facing role in Proof of Liquidity and no longer influences validator reward allocation weight, block rewards or governance. Reward emissions are now paid in WBERA, with users able to see accrued vault rewards in WBERA terms and claim rewards as sWBERA or native BERA.

This matters because Berachain is simplifying a system that was closely tied to its original dual-token narrative. A cleaner reward layer can make user flows easier, but it also changes how participants think about incentives and governance.

The second-order risk is transition confusion: if users do not understand what happened to BGT, reward expectations and liquidity behavior can shift quickly.

Next, watch validator incentives, vault participation and how users redeem legacy BGT exposure.