Binance Labs’ new investment is Infrared. Binance Labs, the $15 billion investment arm of Binance, the world’s largest stock exchange, announced that it has invested in the Infrared protocol, which aims to maximize value appreciation through Berachain’s network, known for its Proof of Liquidity (PoL) mechanism.
As it is known, Infrared provides easy access to the Proof of Liquidity, which returns through BGT, the governance token of the Berachain network. In fact, the Infrared protocol facilitates transitions between BGT and BERA, the two main cryptocurrencies within the Berachain ecosystem. These transitions include staking, participating in governance decisions and earning rewards.
In other words, through the Infrared protocol, both tokens can be staked and rewards can be earned, and the security of the network is ensured.