Infrared Finance Launches Points Program to Incentivize User Engagement Ahead of Token Launch

Infrared Finance, a liquid staking protocol operating on the Berachain network, has announced the launch of a points program designed to incentivize

Infrared Finance, a liquid staking protocol operating on the Berachain network, has announced the launch of a points program to incentivize user engagement ahead of its upcoming token launch.

The program, which went live this week, aims to reward early users retroactively for their participation since the protocol's inception in February. According to a recent blog post, the points will be dynamically allocated based on specific activities, with no fixed supply.

“We’ll be taking a snapshot of the points each time we perform a system upgrade. After the TGE, we'll convert the points in real time and proportionally to ensure fairness,” said co-founder Raito Bear.

Users can earn points by contributing to Infrared's proof-of-liquidity vaults, providing liquidity for trading pairs on decentralized exchanges such as Kodiak and BEX, and staking Infrared's liquid staking tokens, iBGT and iBERA. The longer users stake or provide liquidity, the more points they can accumulate.

The points earned will ultimately be convertible into Infrared's native token, expected to launch in the third quarter of this year, pending market conditions. Raito Bear added that details regarding the conversion ratio and the token's ticker symbol will be disclosed closer to the Token Generation Event (TGE).

The points program is anticipated to run for approximately three months. Users can monitor their points in real time via Infrared's dashboard, and the protocol is collaborating with partners, including Pendle, to enhance the points-based rewards system.