iBGT and iBERA live on Pendle

Pendle has arrived on Berachain—and with it, new pools for iBGT and iBERA. You can now use Pendle to speculate on the yield of both assets.

What is Pendle?

Put simply, Pendle lets you trade yield. It does this through yield tokenization, which involves splitting a yield-bearing asset into two parts: the principal and the yield.

In Pendle, those parts are called PT (Principal Token) and YT (Yield Token).

• 1 PT gives you the right to redeem the full value of the underlying asset at maturity.
• 1 YT gives you the right to the yield that asset earns until maturity, claimable in real time.

This structure lets you do things that aren’t normally possible such as lock in fixed yield, speculate on future APRs, or enter leveraged yield positions. We won’t dive too deep here, so if you're new to Pendle, check out Pendle Academy.

iBGT and iBERA integration

To kick things off on Berachain, Pendle has launched markets for both iBGT and iBERA. These are the first yield-bearing assets from the Infrared ecosystem supported on Pendle.

This means you can now:

• Buy or sell exposure to iBGT or iBERA yield directly
• Lock in a fixed yield rate
• Trade based on where you think APRs are going

For example:

If you believe iBERA yields will increase, you can buy YT-iBERA and benefit from higher returns. If you believe iBGT yield will decrease, you can buy PT-iBGT to lock in a yield and earn a fixed APY.

Get started

This is just the beginning of our partnership with Pendle—much more to come soon. Head to the Berachain page on their dapp to get started.

This is just the start of our partnership with Pendle. Expect deeper integrations and new strategies to emerge as more Infrared assets go live.

Find the markets on Pendle here.