What is osBGT?. osBGT is a BGT LST aggregator, it's fully collateralized by all the various BGT LSTs held under its PSMs. What is the current backing composition of osBGT?. For launch osBGT is 100% backed by @InfraredFinance 's iBGT powered by @origami_fi 's oriBGT.

Submitted Reward Vault Request for Kodiak Island eWBERA-4-osBGT-0.3% with incentive tokens osBGT, eWBERA-4 and WBERA. This is the first vault of its kind leveraging the capital efficiency of @eulerfinance @tulipacapital @InfraredFinance and @origami_fi.

osBGT stats since launch:. - 300,000+ osBGT in circulation .- 2.5 Million USD TVL in @KodiakFi osBGT-iBERA pool.- 1 Million USD + volume in the past week alone.- 16k + unique swaps.- 10-15% of iBGT's volume routed through osBGT .- 7,000%+ APY in @origami_fi

Helping @berachain win.

To inaugurate the vault 100 osBGT will be given randomly to a single user holding the eWBERA-4-osBGT-0.3% LP token. There's no minimum size required or maximum amount of addresses for entry. LPs can be obtained by adding liquidity here:

~15% of @InfraredFinance's iBGT liquidity depth for large swaps now routes through osBGT with more BGT LSTs on the way.

What comes next?. The first goal of osBGT is to create deep liquidity for its receipt token through both PSMs and AMM LPs (such as @KodiakFi 's osBGT-iBERA LP. More BGT LSTs will be added to osBGT's backing through PSMs, this is a process that will happen gradually with caps.

Coming soon:. - Introduction post explaining OpenState and osBGT in detail.- More PSMs for osBGT using other BGT LSTs in the ecosystems.- Greater liquidity depth for both osBGT and all other BGT LSTs .- osUSD, osETH and osBTC launch.

Submitted Reward Vault Request for Kodiak Island osBGT-iBERA-0.3% on protocol Kodiak with incentive tokens osBGT, iBERA.

How can I acquire osBGT?. It can be minted and redeemed directly on OpenState's website ( ) and through @0xoogabooga ( PSM routing to be integrated soon).

Stats since launch:. - Over 30k swaps through the PSM.- Over $3 Million of volume through the @KodiakFi osBGT-iBERA pool.- 700k+ osBGT in circulation .- 2,000%+ APY on osBGT-iBERA for LPs on @origami_fi .- 25% + of iBGT volume routed through osBGT pools for large swaps.

@Milk_Trudge @InfraredFinance @origami_fi oriBGT is an iBGT autocompounder built by Origami, so it converts all the yield from staking iBGT into more iBGT . osBGT isn't autocompounding, it's a BGT LST aggregator that prioritizes LPs (such as osBGT-iBERA), currently 100% of osBGT's backing is oriBGT but that'll change.

@HodlMyKeys @InfraredFinance @origami_fi Great question, osBGT's success is actually not measured by how much osBGT in circulation there is but rather what percentage of BGT LSTs volume is routed through either a PSM or a LP where osBGT is involved. You may end up using it without even knowing it.

@HodlMyKeys @InfraredFinance @origami_fi That's where osBGT LPs come into play such as osBGT-iBERA, you get yield from them and OpenState gets greater liquidity depth and volumes.

@BacklashPics @eulerfinance @tulipacapital @InfraredFinance @origami_fi eWBERA-4 is the WBERA lending receipt token of the Euler Tulipa Folding Hive market which offers WBERA leverage against oriBGT collateral.

@MengLayer @InfraredFinance @origami_fi You can find them here: Extended documentation on the other osTokens and an introductory article on OpenState coming this week.

@kamaromponx @HodlMyKeys @InfraredFinance @origami_fi It's been submitted already:

@HodlMyKeys @InfraredFinance @origami_fi osBGT is non-yielding, it's pegged 1:1 with the underlying. This is necessary for both the PSMs and LPs to work. From the LP side you get:.- iBERA yield.- Swap Fees.- Other incentives (such as BGT emissions if whitelisted).

@AndyRenmei @KodiakFi @origami_fi Docs and audits: Discord coming soon too.

@HodlMyKeys @InfraredFinance @origami_fi With regards to choosing iBERA as a pairing, once deposit/withdrawals are open for it then it should be just as liquid as WBERA with the extra yield as an added benefit, win win.