This is just the beginning. Intern is waiting with bated breath to see which Money market or CDP enables looping against this vault for the true degens (looking at you Euler and Beraborrow). All this being said, this is also just the first iVault - so stay tuned for more alfa 🗝️.

Tbh the thing Intern is most hype for is watching as ecosystem players decide how to build ontop of this. It literally took less than 24 hours for the chads at @origami_fi to ship a pair of auto-compounders that'll help you low maintenance stack more LP or more oriBGT annnd.

Last but not least comes the third and final source of yield, BYUSD emissions. With these three layers involved the iVault is currently printing over 21% APR, which across major stables is properly up there for set and forget yield!

Next, these LP tokens are taken and staked into the PoL Reward Vault for this Liquidity Pool, allowing users to earn iBGT emissions on their hard earned LP. Yield source number 2 is good old iBGT (and IR points, ofc intern has to mention the points).

The BYUSD iVault is built ontop of a classic PoL Vault, utilising the BYUSD-HONEY pool on the BEX, Berachain's native DEX. This means that the first source of yield the vault taps into is trading yield, with users earning the fees accrued by users trading through this pool.

Okay, got you here, so Intern will keep it simple. The goal of the BYUSD vault is to be the highest yield Stablecoin Strategy on not just Berachain, but across the entire cryptoverse. This iVault combines three sources of yield, allowing users to earn multiple rewards!

So Intern posted about this earlier, but he doesn't think any of you really clocked how hype this is so he's going into it in even further depth. Today saw the launch of Infrared's exclusive first ever iVault, the BYUSD vault. The goal of this vault? Read on to find out 👇

25%+ on stable coins, keep them coming.Infrared execution

From a seated position the sky is always closer. do things

@eulerfinance is a pillar of the DeFi ecosystem for a reason, allowing users to unlock their idle capital and access yield opportunities without the hassle of exiting their positions. Intern is hyped because it allows him to go even harder on his hunt for 🅱️OINTS and Yield.

Their borrowed assets appreciate in price against their collateral too much. Enjoy chasing the best yields DeFi can offer without selling your tokens, but remember to monitor your risk and always plan to be able to pay down your loans when you need to 🚨.

🚨 As usual, Intern needs to remind users that these strategies involve borrowing assets. Whenever users borrow assets from a DeFi protocol they will almost always pay interest + their collateral will be at risk of liquidation if your collateral assets drop in price too much OR.

Make up one of their favourite Infrared Vault pairs. Then they'd be earning yield on their deposited asset, even more iBGT yield on the assets they've deposited into the vault and of course,. Even. More. Points.

Want to go a lil harder on points?. Of course you do you degenerate. A user could again deposit their iBGT or iBERA and borrow HONEY, but rather than depositing that HONEY into a stable pool they could take that HONEY and use it to buy either more iBGT, or some of the tokens that.

Then, they could go and take these HONEY tokens and deposit them into the HONEY-BYUSD pool on BEX, before staking these into Infrared to earn iBGT emissions. This would mean they'd be earning two layers of IR points at the same time, plus some cheeky iBGT yield ontop 👀.

Both their yield and IR Points while deposited in Euler. Let's say a user wants to earn more Infrared points or yield, but they'd like to do it in a chill way. In this scenario they could take their stack of iBERA and deposit it in Euler, before borrowing HONEY against them.

In contract iBGT accrues its yield externally, providing a steady flow of wBERA and HONEY earned by its backing BGT's boosting of Validators. Oh, also, of course both of these tokens are earning IR points, you know Intern can't forget that. Both iBGT and iBERA continue earning

To start we have the basics, which is that iBERA and iBGT both earn intrinsic yield, but they do it in slightly different ways. iBERA accrues yield internally, with its BERA backing increasing slowly over time through Validator Staking Yield.

Thanks to the chads at @MEVCapital, users can now borrow against both their iBGT and iBERA stacks on Euler, allowing them to free up capital to take other actions throughout DeFi. So, this leaves Intern with the obvious question. How many ways can we stack points on this boi?.

@eulerfinance That protocol is of course, @eulerfinance. Euler is a protocol designed to allow users to borrow against their hard earned tokens, freeing up their capital to allow them to make further moves in DeFi without selling their original stack.