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According to defilama, Infrared's TVL is first in the bear chain, with an income of 6.73M.
Some people say that the bear market has withered, the prices are not good, what's the use?
Infrared officially estimates that the net profit in 25 years could reach 8.5 M, and he is confident about this.
I believe it comes from a monopolistic position.
The token model design of Xiong Chain has a bit of a ponzi scheme, BGT (Liquidity Rights Token), BERA (Gas Application Token).
$BGT premium
In the economic model of Infrared, iBGT is the core mechanism for the platform to capture and distribute the issuance of BGT.
According to its operating logic, Infrared captures the vast majority (about 80%) of the BGT issuance through the design of the protocol layer, accounting for the bulk of the 24-hour average issuance.
In summary, Infrared has obtained the liquidity of the Bear Chain, and due to its monopolistic position, it has also gained DeFi profits, while also holding the distribution rights.