There is no doubt that @InfraredFinance is already a liquidity monopoly in the bear chain ecosystem. According to defilama, Infrared ranks first in TVL bear chains with a revenue of 6.73M. Some people say that the bear chain is wilting, the price is not good, what is the use. Infrared officially estimates that net income in 25 years can reach 8.5M, and he still has this confidence. I think it comes from a monopoly position. The token model design of Bear Chain is a bit ponzi, BGT (liquidity equity token), and BERA (gas application token). High TVL -> $BGT Premium ->LP Active -> Gas consumption increased -> Increased TVL and asset liquidity. In Infrared's economic model, iBGT is the core mechanism for platforms to capture and distribute BGT issuance. According to its operating logic, Infrared uses the design of the protocol layer so that the vast majority (about 80%) of BGT issuance is captured by iBGT holders, accounting for the majority of the average 24-hour issuance. In summary, Infrared not only obtains the liquidity of the bear chain, but also obtains defi income due to its monopoly position, and also holds the right to distribute. Infrared is also one of the largest voting incentive spenders on Berachain. To date, Infrared has invested over $2.5 million in voting incentives to consolidate its market share.
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