Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.32% | 1.84% | 10.91% | 46.06% | 66.93% | 73.96% |
Revenue & Burn
Protocol income
$1.52KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $1.52K | -- | -- | -- |
| Oct 2026 | $15.09K | -- | -- | -- |
| Sep 2026 | $12.72K | -- | -- | -- |
| Aug 2026 | $6.56K | -- | -- | -- |
| Jul 2026 | $8.18K | -- | -- | -- |
| Jun 2026 | $25.21K | -- | -- | -- |
Comparison
Tokenomics
Unlock Progress
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Nov 17, 2026 | 27.63M IR | $71.89K | 13.48% | 4 Allocation |
| Dec 17, 2026 | 66.93M IR | $174.13K | 32.65% | 4 Allocation |
| Jan 17, 2027 | 27.63M IR | $71.89K | 13.48% | 4 Allocation |
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x33b4...ab9e |   IR | 72,458,532.81 | 7.25% | $188.5K |
| 0x73d8...46db | IR | 21,888,865.93 | 2.19% | $56.94K |
| 0x6268...6872 | IR | 8,665,314.28 | 0.87% | $22.54K |
Follow Updates
Follow Lists
People
About Infrared
Infrared is the liquid staking and proof-of-liquidity yield layer on Berachain. It wraps the non-transferable governance token into transferable iBGT, stakes BERA into iBERA, delegates to validators automatically and optimises rewards through proof-of-liquidity vaults. The pain point is that the governance token cannot be transferred, proof-of-liquidity participation requires manually providing liquidity and delegating to validators, and ordinary users face high barriers with locked assets.
In January 2026 the platform launched native token staking with sIR, and on 19 October third-party monitoring put value locked at about USD 18.05 million. Scale has shrunk sharply from the start of the year, when value locked was about USD 201 million, with sustained outflows.
Setback: Active iBGT liquid staking has been wound down, with holders directed to redeem for BERA and migrate to alternatives such as iBERA. IR hit an all-time low of $0.003175 on October 20, about 99% below its December 17, 2025 peak of $0.35.
Fundamentals: Circulating supply is 205 million against a 1 billion cap, with market value near $680,000. On September 18 Berachain activated Minimum Incentive Rates, requiring reward vaults to offer at least 0.75 incentive units, directly reshaping the PoL yield Infrared depends on.
Infrared deployed its contracts to the Berachain mainnet in January 2026, officially launching liquid staking and the PoL (Proof of Liquidity) mechanism. It introduced native staking and the IR rewards vault around the same time, and added incentive-distribution mechanisms such as Dutch auctions in the first quarter.
Infrared continues to expand staking and yield products around Berachain's PoL framework.
Future strategy and roadmap: Strategically, Infrared plans to keep expanding vault types and cross-asset staking coverage, deepen composability integrations with Berachain ecosystem protocols, and refine reward distribution and liquidity bootstrapping to solidify its core position in Berachain's liquid-staking layer.
Raito — Co-founder & CEO; former capital markets lead at New Order DAO with prior roles at TrueUSD and Redacted Cartel.
Red — Co-founder & CTO; co-founder of Berachain and MTX Studio; works on protocol-level design.
Infrared charges 10% on harvested operator rewards, 10% on rewards allocated to iBGT vaults and 10% on bribe rewards, with boost rewards charged dynamically at 1% to 10%.
Infrared's swap fee depends on the token received: 0.05% for single-asset tokens and 0.2% for LP tokens.