PANews reported on May 19 that Beorn recently posted on X platform, pointing out three major design flaws in Berachain: no restriction on Boyco TVL, no BERA airdrop rewards for Boyco in the initial phase, and limitations on PoL vault. These decisions are considered the main reasons for the $BERA price drop. Berachain's anonymous co-founder Smokey the Bera acknowledged the first two as significant mistakes in the comments and said that the rapid shift in PoL strategy is also worth reconsidering.
Despite acknowledging the initial project design flaws, Smokey said he is full of confidence in the team's and ecosystem's resilience and builder community, expecting Berachain to undergo a positive transformation in the medium term by optimizing the PoL mechanism and achieving a breakthrough in non-correlation. Beorn also stated that he will publish a long article elaborating on his bullish reasons.
