Repost the original title ‘Guide to Bear Chain Mining: Fragrant Mine with an annualized return of over 200%’

Bitcoin surpasses $100,000, the altcoin market heats up again, and the emerging public chain token Berachain has risen steadily from $2.7 to around $4.7 in 3 days. If you have a portion of BERA position that you don’t plan to sell in the short term and want to earn higher returns, then this article today will list some passive income opportunities for you.

First of all, it is necessary to once again popularize the three native tokens of Berachain. BERA is the Gas token, used to pay transaction fees, and is also the core asset for liquidity mining and staking. BGT is the governance token, obtained by staking BERA or providing liquidity, used to participate in ecosystem governance and share protocol income.

BGT cannot be bought or transferred on the market, only earned by providing liquidity. Users can exchange BGT for BERA at a 1:1 ratio, but this process is one-way, meaning BERA cannot be exchanged back to BGT. HONEY is the native stablecoin pegged to the US dollar, used to reduce market volatility risk, commonly used in lending and yield optimization scenarios.

Participate in Infrared interaction to eat two fish

Infrared is a liquidity staking protocol on Berachain, with official data showing its total TVL has risen to above 9 billion US dollars. In March of this year, it completed a $16 million Series A financing round, led by Framework Ventures, bringing its total funding to $18.75 million, with YZi Labs participating in its investment in June 2024.

Currently, Infrared has released a points program to incentivize users to participate before the token is listed. The official announcement indicates that the coin may be launched in Q3, so contributing to Infrared’s liquidity proof treasury, providing liquidity for key trading pairs on decentralized trading platforms (such as Kodiak and BEX), staking iBGT and iBERA, etc., will have the opportunity to earn points and receive official airdrops in the future.

Infrared has customized its wrapped tokens for BGT and BERA: iBGT and iBERA, to enhance market liquidity.

Participate in BERA or iBGT staking

Users can directly stake BERA on the Infrared official website and receive the wrapped token iBERA. BERA is staked in the validator network to generate staking rewards. iBERA can also be used for liquidity on decentralized exchanges, borrowing, or as collateral, while continuing to receive staking rewards and earning additional profits. It is worth noting that Infrared currently does not support unstaking, so if unstaking is needed, users will have to wait for the official launch of this feature.

According to official website data, the current TVL of its staking has risen to 3.4 billion US dollars, with an annualized rate of 4.8%. The yield of Binance’s current financial management is only around 3%.

BGT is a governance token, non-transferable and non-tradable, while iBGT is not. It provides a more flexible and practical ‘liquidity’ version of BGT, and iBGT can be freely bought, sold, and used in the Berachain ecosystem.

Staking iBGT on Infrared allows users to receive rewards generated by the underlying BGT, which are distributed in the form of HONEY. Additionally, users can also add iBGT to liquidity pools on decentralized exchanges like Kodiak, or engage in lending operations on platforms such as BeraBorrow, Gummi, Dolomite, etc.

According to official website data, the current total value locked (TVL) of iBGT has reached 28.73 million US dollars, with an annualized rate as high as 245%. Of this, 9% is distributed in HONEY form, and 236% is distributed in WBERA form.

Build a liquidity pool on Infrared

Building a liquidity pool can not only earn transaction fees, but also earn considerable interest income lying down. Taking DEX as an example, currently, Kodiak and BEX have both built the WBERA-iBERA pool, with an annualized rate of over 50%. In addition, participating in Infrared also has a 1.5 times points multiplier.https://infrared.finance/portfolio）

The underlying annualized rate of return of the pool is 1.4%-2.26%, and the annualized return rate of 50% is distributed in the form of iBGT.

In the management page, users can claim their HONEY, WBERA, and iBGT rewards at regular intervals, then stake the rewards again (for example, stake the iBG rewards to receive HONEY and WBERA rewards).

When participating in the formation of a liquidity pool, it is also necessary to observe that if the annualized rate is very high, but the TVL is not high, often the annualized yield will decrease quickly as large amounts of funds flow in later.

DEX Protocol Kodiak liquidity pool

Kodiak is the DEX protocol of the Berachain ecosystem, and the official website currently shows its TVL reaching $5.38 billion.（https://app.kodiak.finance/#/liquidity/pools?chain=Berachain_mainnet）

Users can earn considerable profits through the gradual liquidity pool method, such as earning 1.04% of the transaction fee in the iBGT-iBERA yield pool and an annualized yield of 127.91% calculated in HONEY. The transaction fee income of the iBERA-BERA pool reaches 1.41%, while the income from HONEY is relatively less, at only 44.76%.

Deposit BERA on the lending agreement Dolomite

Berachain lending protocol Dolomite has launched its native token, with the official website showing a borrowing annualized interest rate of 18.97%, allowing users to deposit and earn high returns in iBGT.https://app.dolomite.io/balances）

In addition, if you want to earn higher returns, users can lend out HONEY at an annualized rate of 6.64% again, then deposit it again at an annualized return of 9.62%, earning the price difference.

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1. This article is reprinted from [Foresight NewsThe original title is “Bear Chain Mining Guide: Xiangxiang Mine with an annualized return of over 200%, the copyright belongs to the original author [1912212.eth, Foresight News], if you have any objections to the reprint, please contactGate Learn TeamThe team will process it as soon as possible according to the relevant process.
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