Staking Protocol Infrared Raises $16M to Launch on Berachain
Users will be able to stake their own Berachain tokens via infrared while increasing their profits with a liquid token.
Updated Feb 27, 2025 6:54 AM UTC Published Mar 4, 2025 12:55 PM UTC
What you should know:
- The $16 million Series A led by Framework Ventures brings Infrared's total raised to $18.75 million.
- Infrared will be the first project to benefit from Berachain's startup incubator, Build a Bera.
Infrared, the first proof-of-liquidity (PoL) staking protocol on the Berachain platform, has raised $14 million in a Series A round led by Framework Ventures.
This brings the total amount of funds raised to $18.75 million after a $2.25 million strategic round led by Binance Labs and a $2.5 million seed round.
Berachain is a layer 1 blockchain that moved to its mainnet on February 6, simultaneously distributing tokens to the ecosystem and exchange users. The network stands out from other blockchains in that it uses a proof-of-liquidity consensus mechanism to reward users and protocols that provide liquidity.
Infrared is also becoming one of the first projects to benefit from this mechanism with its liquid staking solutions for Berachain’s native BGT and BERA tokens. Users who stake their tokens to earn validator rewards will receive iBERA, a liquid staking token that can be used to generate additional yield in other DeFi protocols.
Infrared also became the first project to benefit from the Berachain Foundation's incubator, Build a Bera, which in January launched a call for startups to collaborate with.
“We believe that the Infrared protocol will free up significant amounts of productive capital in the broader Berachain ecosystem while maximizing efficiency and profitability. This provides Berachain infrastructure developers with the opportunity to innovate in new ways,” said Michael Anderson, co-founder of Framework Ventures.
