Infrared Secures $14 Million in Series A Funding for Berachain’s PoL Staking Protocol
Infrared, heralded as the pioneering proof of liquidity (PoL) staking protocol on the innovative Berachain platform, has successfully raised an impressive $14 million in a Series A funding round spearheaded by Framework Ventures. This latest round brings the total capital raised by Infrared to a remarkable $18.75 million, following earlier funding phases that included a $2.25 million strategic round led by Binance Labs and a $2.5 million seed round.
Berachain itself is a cutting-edge layer-1 blockchain that officially transitioned to its mainnet on February 6. As part of this launch, the platform airdropped tokens to both ecosystem participants and exchange users simultaneously. What sets Berachain apart from other blockchain networks is its unique proof-of-liquidity consensus mechanism, designed to incentivize users and protocols to contribute liquidity.
Infrared stands at the forefront of this innovative approach, becoming one of the first projects to leverage Berachain’s mechanism through its liquid staking solutions for Berachain’s native tokens, BGT and BERA. Users who stake these native tokens to earn validator rewards will receive iBERA, a liquid staked token that can be employed to generate additional yields across various DeFi protocols.
In addition to its groundbreaking developments, Infrared is also the inaugural project to benefit from the Berachain Foundation’s incubator initiative, dubbed ‘Build a Bera’, which was announced in January as part of its commitment to nurturing start-ups in the blockchain space.
Framework Ventures co-founder Michael Anderson expressed confidence in Infrared’s potential, stating, “We believe Infrared’s protocol will unlock significant amounts of productive capital within the wider Berachain ecosystem, while maximizing efficiency and yield. This frees builders on Berachain’s framework to innovate in new ways.”
