Introducing: Infrared
Today, we are thrilled to unveil Infrared, an intent-centric strategy for navigating Proof-of-Liquidity within the Berachain ecosystem.
With the anticipated announcement of the upcoming public Berachain testnet, newcomers to the ecosystem will soon encounter the nuanced elements of its novel consensus engine, Proof-Of-Liquidity (PoL).
New user experience differences include, but are not confined to, the absence of liquidity linked to BGT, a highly abstracted bribe and validator layer intertwined with protocol incentives, and the fragmentation of BGT distribution. For those unfamiliar with Berachain and PoL, navigating these complexities may seem daunting, particularly for those not well-versed in decentralized finance. In this context, Infrared strives to greatly simplify this process and democratize access to the PoL ecosystem.
The Infrared platform in contrast, provides a dedicated framework for both BGT stakers and liquidity providers, designed to enhance rewards in a user-friendly and straightforward interface. Infrared seeks to streamline the process of navigating Berachain and the BGT-staking system, facilitated by its intrinsic fee-earning token: $IRED.
In short, Infrared is Proof-Of-Liquidity in one click.
Liquidity providers engaged across the Berachain native DApps and other BGT-eligible liquidity venues stand to earn trading fees, native emissions, and claim liquid BGT via iBGT, our native LSD. Notably, Infrared imposes no deposit or withdrawal fees and features a minimal performance fee, which is subsequently distributed amongst $IRED holders.
The potential presented by Infrared is beyond exciting, as this infrastructure sets the stage for the inaugural BGT native Liquidity Staking Token (LST) on Berachain, developed under the advisory of the Berachain Foundation through the Build-a-Bera incubator program. Leveraging our support, extensive development efforts, and the advantages of early entry into the ecosystem, Infrared aspires to establish itself as the preeminent network of validators within Proof-of-Liquidity.
Currently undergoing rigorous industry-standard security audits, Infrared will unveil its user interface and early build to the community concurrently alongside the release of the Berachain public testnet. The Infrared mainnet is poised to launch in tandem with block zero of the Berachain mainnet release.
As we announce our operations and communicate our vision to the wider audience today, we also wish to underscore new opportunities available within the Infrared core team. If you are interested in becoming involved in the Berachain ecosystem or simply wish to learn more, feel free to keep an eye out on our website https://infrared.finance or reach out to us on Twitter at @InfraredFinance / @0xRaito_.
In our subsequent blog post, we will delve into iBGT, the first native liquid staking solution on Berachain, elucidating its utility and integration within the system.