The Berachain ecological liquidity staking protocol Infrared has completed a $14 million Series A financing, led by Framework Ventures

ChainCatcher news, according to CoinDesk, the Berachain ecosystem liquidity staking protocol Infrared has completed a $14 million Series A funding round led by Framework Ventures. Combined with the previous $2.25 million strategic round led by Binance Labs and $2.5 million seed round, Infrared's total funding has reached $18.75 million.

Infrared will provide liquidity staking solutions for Berachain's native tokens BGT and BERA. Users who stake the native tokens to earn validator rewards will receive the liquidity staking token iBERA, which can generate additional yields in other DeFi protocols. In addition, Infrared has also become the first project supported by the Berachain Foundation incubator "Build a Bera," which announced in January this year that it was seeking collaborative startup projects.

Michael Anderson, co-founder of Framework Ventures, stated, "We believe that Infrared's protocol will unlock a significant amount of productive capital within the broader Berachain ecosystem while maximizing efficiency and returns. This will enable developers on the Berachain framework to innovate in new ways."

According to the Web3 asset data platform RootData, Infrared Finance is an application based on Berachain's liquidity proof consensus mechanism. The application redesigns liquidity staking in the context of a three-token architecture and the unique soul-binding element of BGT. The protocol maximizes value for stakeholders through its infrastructure-level PoL treasury and iBGT liquidity staking derivatives, leveraging the social aggregation of BGT.