Tokens

IR

IR is Infrared’s native governance token, designed specifically for the never-before-seen realities of being the leading liquid staking provider on Berachain. Built around a Delegated Incentive System, users and protocols can stake IR to receive sIR, gaining access to fee rewards and governance power by delegating incentive control to the protocol.

The IR token system contains two primary sets of vaults, one for users and another for protocols. The User portion of the system focuses on fee generation, directing fees from Infrared’s siBGT product back towards stakers. These fees are used to buyback and distribute IR tokens, auto-compounding within each sIR holder's position.

In contrast, the protocol layer does not focus on direct fee emissions, instead allowing protocols to accrue a set amount of IR tokens and stake them in a boutique vault which is directly attached to a Proof of Liquidity Reward Vault. In this way, protocols are able to use IR to directly access Infrared’s validator system, exerting governance power to claim PoL rewards for their chosen strategies.

The protocol will also be introducing the Red Fund, using a portion of protocol fees to buy back and lock away IR tokens in the Fund, locking them for 12 months before using them as PoL incentives once initial emission allocations are depleted.

These systems will be progressively rolled out over time following IR’s TGE.

IR Tokenomics

The IR Token is spread using the following distribution:

The Ecosystem Allocation will have a 20% unlock at TGE with a linear vest following over the next 24 months.

Core Contributors, Investors and The Bera Foundation (BaB) have a 1 year cliff before 10% unlock, followed by a 24 month linear vest.

Note: Berachain Foundation / Build-a-Bera have committed to holding their allocation indefinitely.

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.

Learn more about BERA

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.

Learn more about BGT

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 deposited. iBGT is not redeemable for BGT. iBGT allows holders to deposit (via Infrared’s vault) and earn all associated BGT rewards.