Tokens
BERA
BERA is the network token used to pay for transaction fees on Berachain, functioning as the "gas token" similar to ETH. BERA is also used for validator staking, enhancing the network’s economic security and decentralization.
BGT
The Berachain Governance Token (BGT) is the primary reward and governance token distributed by Proof of Liquidity. Users and protocols earn BGT by performing certain actions on chain (e.g. providing BEX liquidity). All BGT earned by a user or protocol is “soulbound” to the address that earned it, and cannot be transferred out of the address.
iBERA
iBERA is a liquid staking token (LST) for BERA. iBERA is backed 1:1 by BERA, which is staked with Infrared’s validator set and can be used in various DeFi applications, such as lending, borrowing, and trading. With the high demand to stake BERA, iBERA levels the playing field for users who want to stake BERA but don’t have the technical knowledge or resources to run a validator node but want to participate in the Berachain ecosystem.
iBGT
iBGT is a liquid wrapper for BGT tokens. It is backed 1:1 by the BGT earned by liquidity deposited to Infrared’s vaults. iBGT does not earn the rewards associated with BGT unless staked. iBGT is not redeemable for BGT. iBGT allows holders to stake (via Infrared’s staking vault) and earn all associated BGT rewards.
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