Some Thoughts (Not FUD) on Farming Strategies with @InfraredFinance As previously outlined in my Temporary Farming Strategy on @berachain. I had an in-depth discussion with @JasonvuTech and @Neoo_Nav regarding how to optimize Berachain farming strategies, particularly in light of the market’s uncertainty following the recent FED meeting. All three of us identified a way to maximize yield efficiency using the iBGT vault, currently boasting an APR of 656.29% at @InfraredFinance. However, fundamental things needs to be addressed: Much like Curve Wars in previous uptrends, Infrared operates as both an LSD provider on Berachain (iBERA) and a Liquid Wrapper (iBGT). 1) Understanding iBGT’s Per Infrared’s official documentation: “iBGT is a liquid wrapper for BGT tokens. It is backed 1:1 by the BGT earned by liquidity deposited into Infrared’s vaults. iBGT does not earn the rewards associated with BGT unless staked. iBGT is not redeemable for BGT. iBGT allows holders to stake (via Infrared’s staking vault) and earn all associated BGT rewards.” This non-redeemability of iBGT introduces an interesting dynamic: • Unlike BGT, which can be redeemed back into BERA (1:1), iBGT has no redemption mechanism. • This makes iBGT highly inflationary over time relative to BGT, as more iBGT continues to be minted from LPs staking in Infrared vaults. • In the short term, iBGT could experience bullish momentum as its high APR (656.29%) attracts capital into farming strategies. Instead of adding LP and staking to farm iBGT, users may opt to directly swap into iBGT for yield optimization. • However, the liquidity for iBGT remains low (~$31K), meaning this strategy may have scalability limitations. 2) Comparing iBGT to Wrapped CRV Models Much like Wrapped CRV derivatives, iBGT itself has no inherent value outside of capturing governance incentives across protocols. Curve Wars & veCRV Dynamics: • Many Liquid Wrappers (e.g., Convex, StakeDAO) locked CRV to accumulate veCRV, consolidating governance influence over Curve. • When incentives fell below expectations, a sell-off pressure emerged on wrapped CRV derivatives. • Similarly, iBGT’s lack of a redemption mechanism means that it is purely reliant on farming incentives to maintain its value. 3) Why iBGT May Face Less Bearish Pressure Than Wrapped CRV 1⃣High APR & Honey Rewards: The current APR remains attractive, paid partially in Honey, which encourages users to continue farming. 2⃣Greater Utility in Berachain DeFi: Unlike wrapped CRV, iBGT is actively integrated across multiple DeFi protocols, such as: @beraborrow (iBGT as collateral for borrowing NECT). Future integrations with other Berachain DeFi projects could expand its use cases further. 3) Is iBGT's Non-Redeemability a Governance Play? Historically, governance-focused DeFi projects have used non-redeemable liquid wrappers to solidify their influence. • Curve Wars, Pendle Wars, and veTOKEN models have shown that governance tokens with non-redeemable wrappers enable protocol teams to control governance more effectively. • In this case, Infrared’s strategy could be a calculated political move to strengthen its position in the Berachain ecosystem. 4) Final Thoughts • While iBGT’s non-redeemability introduces inflationary risks, its value may still be captured through strategic partnerships in Berachain DeFi. • The biggest unknown: Can the long-term demand for iBGT offset its structural inflation? Would love to hear insights from Berachain OG builders on this topic: @Berasearch @0xRaito_ @capnjackbearow

Unlocking the True Potential of Non-Transferable Assets: Vemo Network & The Fluffle NFT The recent launch of The Fluffle NFT by @0xMegaMafia has sparked significant debate. Priced at 1 $ETH, this soulbound NFT is non-transferable, meaning holders cannot sell it on secondary markets. While long-term ownership could yield strategic advantages within the @megaeth_labs ecosystem, the upfront commitment required has left many questioning its value proposition. But what if there was a way to introduce liquidity and transferability to assets traditionally considered locked? This is where @VemoNetwork, founded by @JasonvuTech, steps in, offering a groundbreaking solution for unlocking non-transferable assets in the crypto space.

The DCA champ is back at it again on $GS, making it one of the best performing alts in my pf during the current bloodbath Accumulating @GammaSwapLabs before the Yield token is live i guess Imagine Ethena, but for Concentrated LPs with way higher APRs, and at a fraction of the mcap

@0xDeFiDevin xy=k is still one of the World Wonders