Infrared surpasses $2 billion in total value locked 8 months after launch

Infrared disclosed on the 1st its eight-month performance and future roadmap since the Berachain mainnet launch.

Infrared is a liquid staking protocol founded on the Proof of Liquidity (PoL) model, regarded as the next-generation structure of decentralized finance (DeFi). Infrared has recorded rapid growth across key metrics since the Berachain mainnet launch in February this year. In April, total value locked (TVL) surpassed $2 billion.

The supply of the liquidity staking token 'iBGT', issued when depositing Berachain's token BGT, has expanded to about 16 million, significantly increasing adoption within the Berachain ecosystem. Infrared operates 167 of Berachain's 193 vaults, serving as key infrastructure that determines the direction of PoL rewards. Currently, Berachain's daily BGT issuance is around 3,946.

Protocol architecture enhancement is also accelerating. Infrared has carried out more than five major upgrades since mainnet to improve user experience and increase PoL utilization. In addition, many vaults offer double-digit, and some PoL vaults offer triple-digit annual returns. This expansion is leading to network effects across the ecosystem through partnerships and integrations with various protocols within Berachain.

Infrared said, "We recently ended the points program and are preparing to enter the next growth phase," adding, "Infrared plans to focus on deepening integration with Berachain's economic model and expanding opportunities for users and builders." It added, "PoL-based infrastructure will be a key pillar in solving DeFi's structural limitations," and "We will soon disclose more updates and expansion plans."

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