Binance Labs Backs Berachain Ecosystem With Major Investment

Binance Labs, the venture capital and incubation division of Binance exchange, has made a strategic investment in Infrared. Infrared is a protocol dedicated to enhancing user access to Berachain’s innovative Proof of Liquidity (PoL) mechanism. Hence, this move is aimed at advancing the functionality and user experience of Berachain’s ecosystem. Moreover, Infrared focuses on the seamless integration of liquid staking solutions. The protocol achieves this by offering user-friendly liquid staking solutions. These solutions include “iBGT” and “iBERA,” which enable participants to maximize the utility of their staked assets without sacrificing liquidity.

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