PANews reported on May 19 that Beorn recently published an article on the X platform pointing out that Berachain has three major design errors: not limiting Boyco TVL, not issuing BERA airdrop rewards to Boyco in the initial stage, and setting limits on the PoL treasury. These decisions are considered to be the main reasons for the decline in $BERA prices. In his comments, Smokey the Bera, the anonymous co-founder of Berachain, admitted that the first two were major mistakes and said that the PoL strategy shifted too quickly and was also worth reflecting on.

Although admitting that there were mistakes in the initial design of the project, Smokey said that he is confident in the resilience of the team and the ecosystem and the group of builders, and expects that by optimizing the PoL mechanism and achieving non-correlation breakthroughs, Berachain will usher in a positive transformation in the medium term. Beorn also said that he will publish a long article to explain his bullish reasons.