Unifying DeFi with Beratown

With so many chains and network layers fighting for consumer share, DeFi is in a largely fragmented state at the moment

Avid DeFi farmers are forced to keep funds across a myriad of different networks, dApps, and wallets, which can make for an organizational nightmare for the DeFi power use.

Beratown is one of the decentralized applications (dApps) working to consolidate the fragmentation problem by creating a unified DeFi experience on Berachain, and just added its newest integration with NEAR Chain signatures.

NEAR Chain signatures were implemented on Feb. 24, and streamlines the user experience (UX) for onchain users who are wishing to be active on multiple chains, while using Beratown as a DeFi HUB and portfolio management tool.

How Does Beratown Work?

Beratown offers users an all-encompassing DeFi HUB where they can monitor portfolio balances, trade tokens, earn yield, and partake in Berachain ecosystem integrations like BGT farming.

The integration with NEAR and its Chain Signatures allows Beratown users to trade assets across multiple chains through Beratown’s interface for an abstracted cross-chain experience. Chain Signatures launched in August 2024, and provides a low-latency multichain signing alternative to achieve fast cross-chain settlements.

NEAR Chain Signatures introduce intent-based trading and a liquidity solver network to Beratown’s interface.

Intent-based trading surpasses the need for onchain pools that are required by traditional automated market maker (AMM) structures, and utilizes solvers as an alternative. Meanwhile, the liquidity solver network aggregates and automates rates across all potential liquidity sources for any requested swap, which theoretically results in a better swap price for the user.

Through this activation, Beratown can process native trading across more than a dozen different blockchain networks within its interface. Beratown also hosts an array of dApp integrations such as the Stargate Finance, Jumper, Ooga Booga, the Berachain-native decentralize exchange (DEX), and Dolomite Vaults.

Usecases for Beratown

Beratown and Berachain as a whole represent an interesting opportunity for DeFi enthusiasts. By leveraging the network’s proof-of-liqudity mechanism, users can farm BGT and BERA by utilizing BGT staking farms, and then converting the BGT to BERA, which currently trades at $6.6, or a $3 billion valuation.

The consumer app with its own custom interface provides a diverse portfolio and DeFi hub in a new environment for those who wish to make the most out of the Berachain ecosystem.