Tokens

BGT

The Berachain Governance Token (BGT) is the primary reward and governance token distributed by Proof of Liquidity. Users and protocols earn BGT by performing certain actions on chain (e.g. providing BEX liquidity). All BGT earned by a user or protocol is “soulbound” to the address that earned it, and cannot be transferred out of the address.

iBGT

iBGT is Infrared’s liquid version of BGT. It is backed 1:1 by the BGT earned by liquidity deposited to Infrared’s vaults. iBGT does not earn the rewards associated with BGT unless staked (as siBGT). iBGT is not redeemable for BGT.

BERA

BERA is the network token used to pay for transaction fees on Berachain, functioning as the "gas token" similar to ETH. BERA is also used for validator staking, enhancing the network's economic security and decentralization.

iBERA

iBERA is a liquid staking token (LST) for BERA staked in Berachain validators. Users stake BERA with Infrared and receive iBERA, maintaining liquidity while Infrared stakes the BERA with validators. These validators earn rewards, which are then distributed to iBERA holders.