Binance Labs invests in Infrared to grow Proof of Liquidity

#BinanceLabs invests in #Infrared , proof of liquidity protocol on #Berachain , to grow Proof of Liquidity. Infrared seeks to optimize value capture by offering user-friendly liquid staking solutions for $BGT and $BERA, along with node infrastructure and PoL vaults. Raised funds will be used to reinforce the backbone of the Berachain network, ensuring enhanced security, efficiency, and reliability, as well as to refine its liquid staking solutions.

Previously, Infrared has secured $2.5M in a Seed funding round from Shima Capital, Tribe Capital, NGC Ventures, Signum Capital, and others.

👉 binance.com/en/blog/ecosystem/binance-labs-invests-in-infrared-to-grow-proof-of-liquidity-8075022596680958942

🚀 Binance Labs Invests In Infrared To Grow Proof of Liquidity

We're thrilled to announce that Binance Labs has invested in Infrared, a cutting-edge protocol focused on revolutionizing decentralized finance (DeFi) on Berachain. Infrared's mission is to simplify access to Berachain's Proof of Liquidity (PoL) mechanism through innovative liquid staking solutions for BGT and BERA.

With this investment, Infrared plans to enhance Berachain's infrastructure, ensuring top-notch security and efficiency. Their liquid staking solutions like "iBGT" and "iBERA" will empower users to maximize the utility of their assets while retaining liquidity, fostering a vibrant DeFi ecosystem around BGT and iBGT.

Yi He, Co-Founder of Binance, expressed excitement: "We look forward to supporting Infrared in driving the future growth of decentralized finance."

Raito, Founder of Infrared, added: "This investment validates our vision. With Binance Labs' support, we're confident in building the infrastructure to propel Berachain forward."

Stay tuned as Infrared continues to innovate and expand the possibilities of DeFi on Berachain! 🌟

#Infrared #BinanceLabs #DEFİ #Binance #BinanceSquareFamily