From liquidity consensus to ecological necessity, Infrared Netherlands auction begins Although it is a bear market deep down, the bear chain is quite lively, and recently BERA prices have been fluctuating, following the market's significant pullback. If something goes wrong, there will always be bears lurking. This time it is very clear that the bear chain of PoL consensus mechanism will soon usher in a huge governance action, which is the liquidity infrastructure Infrared going to be auctioned off in the Netherlands! Let's dive in! ⬇️ Don't close the page just because you see Dutch photos, it's really interesting. This matter needs to start with the consensus mechanism of Xiong Chain, which unfamiliar teachers may not know. Xiong Chain uses the "Proof of Liquidity" consensus mechanism, abbreviated as PoL. This is easy to understand. Users can receive governance token BGT rewards by providing LP to the designated liquidity pool. BGT is an SBT that cannot be transferred, but it has a wonderful use - targeted emissions. Holders can delegate BGT to verification nodes, which then direct on chain native rewards to specific pools based on the delegation. Is it a bit complicated? Simply put, if your protocol wants more liquidity, it must provide high APY, but the direction of emissions is determined by the verification nodes, and BGT determines the allocation and attribution of liquidity. So, the parties to the agreement have to find ways to obtain more BGT. Traditional methods include bribery and matchmaking, but @ InfraredFinance has provided an on chain, transparent, and efficient solution. Infrared is one of the most critical infrastructures of Bear Chain, and also the earliest protocol to provide iBGT and iBERA mobile collateral products. Users can participate in BGT with just one click and maintain liquidity. TVL has long occupied half of Bear Chain's market share... It's quite exaggerated. Even more exaggerated is that Infrared runs multiple large verification nodes on its own, controlling a significant proportion of BGT emissions across the entire network, highlighting the potential value of token IR. The BGT allocation auction in the Netherlands this time is to package one's BGT emission rights into 14 day directional rights, and "lease" them to other ecological agreements through public auction, and only IR can be used to pay for the auction. To maintain APY, the project team needs to continue buying IR from the secondary market to participate in auctions, which goes beyond the simple governance token model. The Dutch auction is a price reduction auction, with each auction cycle lasting 36 hours. The price drops linearly from the high point, on a first come, first served basis, without the need for gas war. The process is also very simple: ∝ Prepare for IR ∝ Choose the right time to sell on the auction page ⊙ Obtain NFT and exercise rights The auction ends immediately after the transaction, and the winning bidder receives a CuttingBoard NFT. Holding NFTs allows you to specify a pool on the Infrared dashboard and direct BGT emissions to that pool, with a validity period of 14 days. This auction is of great significance to Xiong Chain, as it finally eliminates the need for opaque operations. Infrared has taken governance to a new level and indirectly leased its major nodes to other protocols, helping them grow together. IR holders should be optimistic and directly modify the fundamentals. As long as PoL can continue to operate, the empowerment of the token will continue, and the liquidity of the bear chain will also improve. What can ordinary users do? They are building infrastructure and competing for liquidity, and ultimately we still need to play. You can pay attention to the auction results, some mines will be very valuable, and the related tokens mentioned are worth paying extra attention to. Wish us good luck! / Author: Anymose | A Soft Core Science Popularization Writer This article is for educational purposes only and does not constitute any investment advice. Always remember DYOR!