Can Xiong Chain Win the "Turnaround Battle"? The Ecological Leader Infrared Finance is an Important Indicator

The Ecological Position of Infrared

TVL: $720 million, ranked first in the Berachain ecosystem, and in a leading position with a significant gap

Investors: Including top institutions such as Framework Ventures, YZi Labs, Hack VC, etc.

BGT Issuance: Infrared is in a dominant position in the BGT issuance, handling and distributing nearly four-fifths of the BGT rewards

Infrared Finance's unique competitive advantage lies in the fact that it is the only protocol in the Berachain ecosystem that can fully utilize the value flow characteristics of the PoL consensus mechanism. Infrared provides liquidity staking solutions for BERA and BGT and has launched high-yield PoL vaults, effectively becoming the entry point for users into Berachain.

Its positive feedback loop can be simplified as: higher TVL brings more protocol revenue → more revenue enhances the protocol's control over BGT emissions → greater control attracts more integrations and user participation → more users drive TVL to further grow

Risks and Reflections

The biggest risk for Infrared lies in the externality risk of an overall collapse of the Berachain ecosystem, which is also a point where I believe Infrared has not performed well currently, as it chose to patiently refine its product without seizing the opportunity at the peak of attention on Berachain.

Perhaps this is the difference between speculators (like me) and builders.

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