Proposer Details
Email: red@infrared.finance, raito@infrared.finance
Proposer’s project name: Infrared Finance
Proposer’s X account: https://x.com/InfraredFinance
Best Telegram Handle for questions/fixes: @infraredBear, @OxRaito
Pool Details
Pool Name: WBERA-iBERA-STABLE
Pool Address: 0x62c030b29a6fef1b32677499e4a1f1852a8808c0
Pool Type / Configuration: Stable pool
Pool Fees: 0.05%
Existing Liquidity / TVL: Latest stats can be found on Pools | BeraHub by searching for the respective pool. As of now iBERA product has 289.07M USD TVL.
Does the pool use standard BEX factory contracts? Yes
Token Details
Major Tokens
Name: Wrapped Bera
Symbol: wBERA
Non-Major Tokens
Name: Infrared Bera
Symbol: iBERA
Contract Addresses : Berachain / 0x9b6761bf2397Bb5a6624a856cC84A3A14Dcd3fe5
Tokenomics, Distribution, and Vesting: iBERA is a yield-bearing, liquid representation of staked BERA within Infrared Finance. It enables users to stake BERA while maintaining liquidity, optimizing validator inclusion, and maximizing staking rewards. For further information please refer to the official education section.
Identify any address(es) controlling more than 10%: iBERA real time distribution can be found here. By the time the following addresses fulfil the criteria mentioned above:
- 0x85d37F3C3aBfae714e5355b09a2c55CCAA65CD5b: Protocol owned
- 0x1C664419aa64184Df9ee011B147287AF09d65f27
- 0xB65E74f6B2C0633E30ba1bE75db818BB9522a81A
Does the project issuing the token have any relationship with current validators? If yes, which one?: Luganodes, Pier two, Rockaway, Stakelabs
Total Supply Cap: N/A
Circulating Supply: iBERA real time Total Supply can be found here
Token Type: LST
Provide extra details: For further information please refer to respective education pages
Are token contracts upgradable?: Yes
Token Control: Permissionless
Is the token contract verified?: Yes
Is the token a standard ERC20 or any functions have been customized? (If custom, provide a link to an audit.): All the audits can be found here
Can the token be paused?: No pauser role on the token
Token / Project Background / Incentive Token Whitelist
iBERA & wBERA will be used as incentive tokens
Specify how many tokens you plan to allocate for incentives and over what period of time: Total budget of up to 150,000 BERA and iBERA. Subject to change as rates of $/BGT changes.
Outline how decisions about token incentives are made: Team multisig
Incentive Manager address: 0x242D55c9404E0Ed1fD37dB1f00D60437820fe4f0
Growth, Community & Ecosystem Impact
How will this pool benefit Berachain and BEX?: iBERA allows users to stake BERA tokens in Infrared vaults while retaining liquidity through liquid staking. This increases the total BERA staked in the network, securing the chain while allowing users to continue participating in DeFi activities with their iBERA.
Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?: Yes
Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?: Yes
Provide metrics or estimates on liquidity you expect to attract.: Pool will be supporting already existing TVL hence the issuance of the mentioned assets via deep liquidity. Moreover, Infrared Finance will further incentivise the liquidity providers by enabling Infrared Vaults, with potential additional incentives on day 0. Short term(weeks) expectation is 5M+ TVL.
Highlight any known liquidity commitments.: Team has been provisioning 1M USD worth of liquidity
Will this pool feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?: As mentioned above the initial commitment comes from the Infrared Finance Team by providing PoL vaults for the mentioned assets on day 0. Furthermore, we have commitments from lending markets.
Are there plans to co-market with another project to bootstrap liquidity?: Kodiak, Beefy (& other autocompounders), Beraborrow
How could this reward vault evolve over time?: Native Infrared Finance protocol boosted incentives on this pool will increase over time. As the number one protocol by TVL on Berachain, Infrared Finance has strong connections & ever evolving plans with the ecosystem partners. Furthermore, iBERA being a key asset on the chain, deep liquidity and incentivisation to do so is essential for the future.