According to ChainCatcher, Berachain liquidity pledge protocol Infrared Finance has raised an undisclosed amount of funds from Binance Labs.

Raito Bear, co-founder and CEO of Infrared, said that the structure of this round of strategic financing is a simple agreement for future tokens or SAFT. The seed round of financing was also conducted in the form of SAFT. It declined to comment on the total amount of financing and valuation to date.