Infrared Finance is a Berachain protocol that provides Proof of Liquidity vaults, iBERA (a liquid staked BERA token), and iBGT (a liquid wrapper for BGT). iBERA is backed 1:1 by BERA staked with Infrared’s validator set and its rewards are distributed via sweep events. iBGT is backed 1:1 by BGT earned from assets deposited into Infrared vaults, is not redeemable for BGT, and receives BGT rewards only when deposited.