Infrared Finance is the biggest by TVL DEX and liquid staking protocol on Berachain. It offers users a comprehensive set of solutions to enhance the DeFi farming experience on the Berachain network, such as $iBERA and $iBGT LSTs and a set of smart contracts called Vaults.
Since its inception in 2023, the platform has raised over $18.75M from leading investors, including YZi Labs (Binance Labs), Framework Ventures, Shima Capital, and others.
Infrared Finance - WAITLIST Overview
Infrared Finance - Review
Infrared Finance is the leading DeFi infrastructure on Berachain, with over $1.6B in TVL, according to DeFiLlama. It aims to enhance user DeFi experience and facilitate the growth of the Berachain ecosystem by offering multiple liquid staking solutions and vaults. This includes:
- $iBGT LST
The most outstanding and innovative feature of Infrared Finance. $iBGT is a liquid staking token of the $BGT governance coin on Berachain, which is by its design untransferrable, thus has no value on the market.
However, now with the Infrared Finance Berachain protocol approach of liquid staking token $iBGT, backed 1:1 to real $BGT, is fully tradable and allows you to earn an additional yield since $BGT is given to every liquidity provider on the network. As of April 2025, the $iBGT LST possesses over $40M in market capitalization, entering the top 650 among all cryptocurrencies by this metric.
- $iBERA LST
A liquid staking token of the Berachain’s gas token - $BERA. It enables users to earn yield from staking on Berachain while still having access to their funds through LST initially tethered to $BERA in a 1:1 ratio. Similarly to other LSTs, as time progresses and Berachain pays staking rewards, the $iBERA will be growing in value proportionally to the yield Berachain Infrared Finance earned from L1.
- Vaults
A set of optimized smart contracts designed to streamline the DeFi farming experience within the PoL blockchain. It gathers multiple Berachain LPs within a single interface while automatically delegating the LP tokens to Berachain PoL.
What’s more, Infrared Finance automatically grants liquidity providers an $iBGT token at a 1:1 ratio with BGT, allowing them to utilize those tokens across multiple other DeFi protocols.
🪙 Infrared Finance token: As of April 2025, there is no info or any public clue about the potential Infrared token and Infrared Finance airdrop. However, our team assumes that if there will be any Infrared tokens, it will serve mainly governance purposes by giving users access to DAO votings, and rewarding active community members.
Considering the possibility of an Infrared airdrop to occur any time in the future, our team conducted a comprehensive review of the Infrared Bera crypto project and found some of its notable pros and cons:
✅ Infrared Finance pros:
- Interesting concept and design of the product;
- The largest by TVL DeFi protocol on Berachain;
- Presence of multiple security audits from prominent companies;
- High SEO score;
- Above the average SMM and PR performance;
- Presence of multiple leading backers, including Binance Labs;
- Decent network of partners.
❌ Infrared Finance cons:
- No info or even a public hint on the token release yet;
- The large TVL also means big competition if you target airdrop farming;
- Very weak Marketing infrastructure, Influencer Marketing, and Growth marketing;
- No info about the team;
- No roadmap.
Infrared Finance - Token Economy
Infrared Finance - Token Sale Rounds
23 Jan 2024
16 Jun 2024