According to an official announcement, Binance Labs has announced an investment in the Berachain ecosystem protocol Infrared, marking Binance’s first investment in a Berachain ecosystem-related protocol.
The project aims to maximize the value capture within the Berachain network by providing user-friendly liquidity staking solutions for Berachain governance token (BGT) and BERA (Berachain Gas token). Specifically, through Infrared, users can easily interact with these two assets. By depositing liquidity into the Infrared vault, users can earn iBGT (a derivative of BGT liquidity staking), allowing them to benefit from iBGT within the entire DeFi ecosystem while retaining the benefits of BGT.
Infrared will use these funds to strengthen the backbone of the Berachain network to ensure enhanced security, efficiency, and reliability. He Yi, co-founder of Binance and head of Binance Labs, stated:
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