Binance Labs Announces Investment in Infrared to Expand Proof of Liquidity

Binance Labs, the venture capital and incubation arm of Binance, has invested in Infrared, a protocol focused on giving users access to Berachain’s Proof of Liquidity (PoL) mechanism in one click.

Infrared’s mission is to maximize value capture “within the Berachain network by offering user-friendly liquid staking solutions for the Berachain Governance Token (BGT) and BERA (Berachain Gas Token).”

With this funding, Infrared plans “to strengthen the backbone of the Berachain network to ensure enhanced security, efficiency, and reliability” and refine its liquid staking solutions, including “iBGT” and “iBERA.”

This will allow participants to maximize the “utility of their staked assets without forgoing liquidity and improve user experience, boost network performance, and drive broader adoption of Berachain.”

Berachain’s PoL design revolves around BGT’s governance power which “controls the flow of future BGT emissions and is non-transferable once earned by an address and BERA which is used by validators to stake, produce blocks, and earn rewards.”

Through Infrared, users can easily interact with both assets.

By depositing liquidity into Infrared vaults, users can earn iBGT, a liquid wrapper for BGT, allowing them to retain the benefits of BGT while “utilizing iBGT across the DeFi ecosystem.”

This will enable a new ecosystem to develop around BGT and iBGT, “unlocking new use cases on Berachain.”

Yi He, Co-Founder of Binance and Head of Binance Labs said:

“At Binance Labs, we are always on the lookout for projects growing the blockchain industry so look forward to supporting Infrared in its mission to create an infrastructure that will drive the future growth of decentralized finance.”

Raito, Founder of Infrared Finance said:

“We are incredibly excited to receive support from an industry leader like Binance Labs. This investment validates our vision and with Binance Labs’ investment, we are more confident than ever in our ability to build the infrastructure and tools needed to drive the future growth of Berachain.”

As noted in the update, Infrared is focused on “building infrastructure around the Proof of Liquidity (PoL) mechanism pioneered by Berachain.”

The protocol aims to maximize value capture by “providing easy-to-use liquid staking solutions for BGT and BERA, node infrastructure, and PoL vaults.”

Through building solutions around PoL, Infrared is dedicated “to enhancing the user experience and driving the growth of the Berachain ecosystem.”

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