Annualization exceeds 200%, Bear Chain Digs "Mining" Guide

Author: 1912212.eth, Foresight News

Bitcoin has been above US$100,000, and the counterfeit market has heated up again. The emerging public chain Berachain tokens have also risen from the bottom US$2.7 for three consecutive days, reaching a high of around US$4.7. If you have a part of your BERA positions that do not intend to sell in the short term and want to earn higher returns, then today's article will take a look at the ways to make money.

First of all, it is necessary to once again introduce the three native tokens of Berachain. BERA is a Gas token used to pay transaction fees and is also a core asset for liquidity mining and staking. BGT is a governance token obtained by staking BERA or providing liquidity for participation in ecological governance and sharing of agreement revenue.

BGT cannot be purchased or transferred in the market and can only be earned by providing liquidity. Users can exchange BGT to BERA in a ratio of 1:1, but the process is one-way, that is, it cannot be exchanged for BERA back to BGT. HONEY is a native stablecoin, anchored to the US dollar, used to reduce the risk of market volatility, and is often used in lending and earnings optimization scenarios.

Participate in Infrared Interaction One Fish and Double Eat

Infrared is a liquid staking agreement on Berachain, and its official website data shows that its total TVL has risen above $900 million. In March this year, it completed a $16 million Series A funding round led by Framework Ventures, bringing its total financing to $18.75 million, and YZi Labs participated in its investment in June 2024.

Infrared has released a point plan to inspire users to participate before the token goes online. The official said that coins may be issued on Q3, so you can contribute to Infrared's liquidity proof vault, provide liquidity for key trading pairs on decentralized trading platforms such as Kodiak and BEX, and pledge iBGT and iBERA, and have the opportunity to obtain points, and will receive official airdrops in the future.

Infrared has tailored its packaging tokens for BGT and BERA: iBGT and iBERA to enhance the liquidity of the market.

Participate in BERA or iBGT staking

Users can pledge BERA directly on the Infrared official website. Users will receive their encapsulated token iBERA, and BERA is pledged to the verifier network, thereby generating a pledge reward. iBERA can also be used for liquidity, borrowing or as collateral on decentralized exchanges, and continue to receive pledge rewards while earning other gains. It is worth noting that Infrared does not currently support cancellation of stakes, so if you need to cancel stakes, you can only wait for the official launch of its functions.

According to official data, its pledged TVL has risen to US$340 million, with an annualized rate of 4.8%. Binance Current Financial's income is only around 3%.

BGT is a governance token that is non-transferable and tradeable, however iBGT is not, it provides a more flexible and practical "liquidity" version of BGT, which can be freely bought, sold and used in the Berachain ecosystem.

Pledging iBGT on Infrared gives you rewards generated by the underlying BGT, which are paid in HONEY. In addition, users can also add iBGT to the liquidity pool of decentralized exchanges like Kodiak, or lend on platforms such as BeraBorrow, Gummi, Dolomite, etc.

According to official website data, the total TVL of iBGT has reached US$28.73 million, with an annualized rate of up to 245%, of which 9% are distributed in the form of HONEY and 236% are distributed in the form of WBERA.

Establish a liquidity pool on Infrared

Establishing a liquidity pool can not only earn transaction fees, but also earn a considerable interest income. Taking DEX as an example, the WBERA-iBERA pool is currently established on Kodiak and BEX, and the annualized rate is over 50%. In addition, there is a 1.5-fold integral multiplier for participation on Infrared. (https://infrared.finance/portfolio)

The annualized rate 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.

In the management page, users can claim their HONEY, WBERA, and iBGT every once in a while, and then pledge the reward again (such as pledging iBG rewards, obtaining HONEY and WBERA rewards).

It is also necessary to observe when participating in the establishment of a liquidity pool. If its annualized rate is extremely high, but the TVL is not high, its annualized rate of return will often become lower after a large amount of capital inflows.

DEX protocol Kodiak mobile pool

Kodiak is the DEX agreement of Berachain Ecosystem, and its official website currently shows that its TVL is US$538 million. (https://app.kodiak.finance/#/liquidity/pools?chain=Berachain_mainnet)

Users can earn considerable returns through gradual flow pools, such as iBGT-iBERA earning pool earning a transaction fee of 1.04% and an annualized rate of return calculated in HONEY. The iBERA-BERA pool transaction fee income reached 1.41%, while the HONEY income was relatively small, only 44.76%.

Deposit BERA on the loan agreement Dolomite

Berachain lending protocol Dolomite has launched native tokens, and the official website shows that its lender's annualized income is 18.97%, and users can deposit and earn high iBGT returns. (https://app.dolomite.io/balances)

In addition, if you want to gain higher returns, users can borrow HONEY from it again at 6.64%, and then deposit it again with 9.62% annualized returns to earn the difference.