Written by: 1912212.eth, Foresight News
Bitcoin has surpassed $100,000, the altcoin market has heated up again, and the emerging public chain Berachain token has also risen for three consecutive days from the bottom of $2.7, reaching a high of around $4.7. If you have a portion of your BERA position that you do not plan to sell in the short term, and want to earn higher returns, then todays article will provide you with a list of ways to make money without doing anything.
First of all, it is necessary to popularize the three native tokens of Berachain again. BERA is a gas token, used to pay transaction fees, and is also the core asset for liquidity mining and staking. BGT is a governance token, obtained by staking BERA or providing liquidity, and is used to participate in ecological governance and share protocol income.
BGT cannot be purchased or transferred on the market and can only be earned by providing liquidity. Users can exchange BGT for BERA at a ratio of 1:1, but the process is one-way, that is, BERA cannot be exchanged back to BGT. HONEY is a native stablecoin, anchored to the US dollar, used to reduce the risk of market fluctuations, and is often used in lending and yield optimization scenarios.
Participate in Infrared Interaction and Eat Two Fishes
Infrared is a liquidity staking protocol on Berachain. Its official website data shows that its total TVL has risen to over $900 million. In March this year, it completed a $16 million Series A financing, led by Framework Ventures, bringing its total financing to $18.75 million. YZi Labs participated in its investment in June 2024.
At present, Infrared has released a points plan to encourage users to participate before the token is launched. The official said that the token may be issued in Q3, so contributing to Infrareds liquidity proof vault, providing liquidity for key trading pairs on decentralized trading platforms (such as Kodiak and BEX), and staking iBGT and iBERA will have the opportunity to earn points, and will receive official airdrops in the future.
Infrared has tailored its wrapped tokens for BGT and BERA: iBGT and iBERA to enhance market liquidity.
Participate in BERA or iBGT staking
Users can stake BERA directly on the Infrared official website. Users will receive its wrapped token iBERA. BERA is staked to the validator network, thereby generating staking rewards. iBERA can also be used for liquidity, lending or as collateral on decentralized exchanges, and continue to receive staking rewards while earning other income. It is worth noting that Infrared does not currently support the cancellation of staking, so if you need to cancel the staking, you can only wait for the official launch of its function.
Official website data shows that its pledge TVL has risen to $340 million, with an annualized rate of 4.8%. The return on Binances current account management is only around 3%.
BGT is a governance token that is not transferable or tradable, but iBGT is not. It provides a more flexible and practical liquid version of BGT. iBGT can be freely bought, sold and used in the Berachain ecosystem.
By staking iBGT on Infrared, you can get rewards generated by the underlying BGT, which are issued in the form of HONEY. In addition, users can also add iBGT to the liquidity pool of decentralized exchanges such as Kodiak, or perform lending operations on platforms such as BeraBorrow, Gummi, Dolomite, etc.
Official website data shows that the total TVL of iBGT has reached 28.73 million US dollars, with an annualized rate of up to 245%, of which 9% is distributed in the form of HONEY and 236% is distributed in the form of WBERA.
Building a liquidity pool on Infrared
Building a liquidity pool can not only earn transaction fees, but also earn a lot of interest income. Taking DEX as an example, the WBERA-iBERA pool currently established on Kodiak and BEX has an annualized rate of more than 50%. In addition, there is a 1.5 times point multiplier for participating on Infrared. (https://infrared.finance/portfolio)
The basic annualized rate of return of this liquidity pool is 1.4% -2.26%, and the annualized rate of return of 50% is distributed in the form of iBGT.
On the management page, users can claim their HONEY, WBERA and iBGT at regular intervals, and then stake the rewards again (for example, stake iBG rewards to get HONEY and WBERA rewards).
It is also necessary to observe when participating in the establishment of a liquidity pool. If the annualized rate is extremely high but the TVL is not high, its annualized rate of return will often quickly decrease after large amounts of funds flow in.
DEX Protocol Kodiak Liquidity Pool
Kodiak is the DEX protocol of the Berachain ecosystem. Its official website currently shows that its TVL has reached 538 million US dollars. (https://app.kodiak.finance/#/liquidity/pools?chain=Berachain_mainnet)
Users can earn considerable income through gradual liquidity pools, such as the iBGT-iBERA income pool, which earns 1.04% in transaction fees and 127.91% annualized rate of return in HONEY. The iBERA-BERA pool transaction fee income reaches 1.41%, and the HONEY income is relatively small, only 44.76%.
Depositing BERA on the lending protocol Dolomite
Berachain lending protocol Dolomite has launched its native token. The official website shows that its lenders annualized return is 18.97%. Users can deposit iBGT to earn high returns. (https://app.dolomite.io/balances)
In addition, if users want to earn higher returns, they can borrow HONEY again at an annualized rate of 6.64%, and then deposit it again at an annualized rate of 9.62% to earn the difference.
