Vault Synopsis

The oriBGT vault accepts deposits denominated in iBGT.

Infrared Finance is a DeFi protocol building the infrastructure to enhance the composibility of the novel Proof of Liquidity mechanism powering incentives on Berachain. Infrared's $iBGT is a liquid wrapped tradeable token representing a claim on the underlying soulbound native governance $BGT token emitted by Berachain for POL participation. Berachain's $BGT which is primarily for boosting validator rewards accounts for a 10% annual inflation rate to the yield emitted prorated and is always redeemable 1:1 for BERA. By holding iBGT, users are not only able to further direct bribes and emissions to boost existing LPs but also retain the flexibility of staying liquid. This allows for further iBGT use cases via integrations across the Berachain DeFi ecosystem such as borrow/lending, providing LP in iBGT pools or even simple liquid staking opportunities.

The iBGT staked in staking vaults on Infrared earns rewards from delegations to validators on top of fees and rewards incentivised through the chain's native dapps. Origami's $oriBGT vault offers users a more convenient opportunity to autocompound their iBGT positions with earned rewards in an automated fashion without the need to manually manage these positions. As a liquid wrapper on iBGT, $oriBGT will provide further use cases with strategic partner protocols to offer new money lego opportunities for users seeking to juice their yields.