Berachain (BERA)

Infrared it's not just a protocol. It's effectively become the base layer of economic engine for @berachain ecosystem. With TGE is nearing, here's all you need to know about @InfraredFinance in 30s 🧵 https://t.co/gz4oWuWL5X

► What is Infrared? Think it as the "Lido of Berachain" but with twist. Infrared is deeply integrated with Berachain unique economic model through their products: ▸ iBGT → liquid and composable $BGT (soulbound) ▸ iBERA → similar to stETH, user can stake $BERA to earn yield and retain liquidity to use elsewhere ▸ iVaults → Deposit tokens to unlock strategies, earn iBGT ➠ Aggregates user deposits to capture large percentage of BGT emissions ➠ Optimize it via bribing and voting process ➠ The liquidity pools earning the most BGT are the ones supported by Infrared.

► The Metrics As the primary liquidity engine for Berachain, the stats are staggering: ▸ TVL: >$2 Billion (ATH) ▸ Coverage: 167 of 193 active PoL vaults (86.5% coverage rate) ▸ Emissions: Controls >35% of ALL BGT emissions ▸ Secures ~1/3 of all staked $BERA They aren't just participating in the economy; they are directing it.

► Why Infrared? The challenge for Berachain? BGT is illiquid. The solution? iBGT, which addresses the liquidity issue more effectively than any competitor. For instance, iBGT's supply is ~15.5 million, whereas the closest competitor, LBGT, has only about ~1.05 million. This represents a 15x gap. This is also why Infrared boasts $53 million in annualized product revenue and $4 million from infrastructure revenue.

► The Institution Moat Infrared, backed by Build-a-Bera, has raised a total of $18.75M. The funding round was led by @hiFramework (a Berachain investor) and included notable investors such as @yzilabs, @hack_vc, and @animocabrands among others. iBERA is the only LST on Berachain using @BitGo (Qualified Custody)

► The Ecosystem Moat The ultimate metric for LST is the breadth of their integrations. To date, Infrared has 20+ DeFi protocols integrated on Berachain such as: ▸ @KodiakFi ▸ @beraborrow ▸ @berajibears ▸ @pendle_fi ▸ @beradrome ▸ @Dolomite_io ▸ @Equilibriafi ▸ @Stake_Stone ▸ @origami_fi ▸ @beefyfinance ▸ @wasabi_protocol ▸ @zerolendxyz ▸ @TraxDeFi ▸ @DapDapMeUp ▸ @LairFinance ▸ @BullaExchange ▸ @Bedrock_DeFi ▸ And more... It's literally supporting all risk curve, degen and institutional can participate. Conversely, without Infrared, many top-tier Berachain protocols lose their yield primitives. It has become essential infrastructure.

► The Outlook With the Infrared TGE landing on December 10, the spotlight shifts from "building" to "scaling" up. The numbers speak volumes: Infrared has locked down the "Base Layer" of the Berachain economy. But the journey doesn't end here. The upcoming iVaults are set to dive into cross-chain initiatives, paving the way for limitless potential.

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