Infrared’s $16M Series A Funding

Infrared, a pioneering proof of liquidity (PoL) staking protocol on Berachain, has successfully raised $16 million in a Series A funding round led by Framework Ventures. This brings Infrared’s total funding to $18.75 million following previous investments from Binance Labs and initial seed funding.

What to Know:

• The latest funding will see Infrared launch the first liquidity staking protocol on Berachain, utilizing their innovative liquid staking solutions.
• Users can stake Berachain’s native tokens, BGT and BERA, to earn validator rewards and receive iBERA, a liquid staked token that can be utilized across various DeFi protocols.

Berachain, which transitioned to its mainnet on February 6, employs a unique proof-of-liquidity consensus mechanism designed to incentivize users and protocols for providing liquidity.

Quote by Michael Anderson:

“We believe Infrared’s protocol will unlock significant amounts of productive capital within the wider Berachain ecosystem, while maximizing efficiency and yield. This frees builders on Berchain’s framework to innovate in new ways.”

This funding marks a significant milestone for Infrared as it prepares to take advantage of the Berachain Foundation’s incubator, Build a Bera.