Deep Dive
1. Vault Migration & Bug Fix (14 February 2025)
Overview: Infrared deployed new smart contracts for its BEX vaults to correct a miscalculation in reward distribution. This issue, related to a specific sequence of actions in a block, could allow users to receive more rewards than intended. User funds and previously earned rewards were never at risk.
The fix required users to manually migrate their staked positions from the old vault contracts to the new ones to continue earning yields. This was a proactive update to ensure long-term fairness in the protocol's reward system.
What this means: This is neutral for IR because it was a necessary correction that improved the protocol's reliability without causing any loss of funds. It shows the team's commitment to maintaining a fair and secure system, though it required extra steps from users.
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2. Token Launch & Core Functions (17 December 2025)
Overview: The Infrared token (IR) launched on the Berachain mainnet. Its core utility includes staking to receive sIR, which grants governance voting power and a share of protocol fees. A portion of fees is directed to a community fund for buybacks and incentives.
The launch marked the beginning of a phased rollout for these features, with on-chain governance and staking rewards scheduled to become active in the following weeks.
What this means: This is bullish for IR because it established the token's fundamental utility within the Berachain ecosystem. It creates direct value accrual for holders through fee-sharing and gives the community control over the protocol's future direction.
(Source)
Conclusion
Infrared's development has been focused on foundational launches and essential fixes, with its last major codebase update occurring over a year ago. For the latest technical progress, has the team shared any new roadmap details or GitHub activity recently?