Introducing uvBGT
We're excited to announce that Ultraviolet has come to an agreement to acquire @Bearnsucks, giving rise to a new home for yBGT.
Where there is yield, there is Ultraviolet ๐ชป
Provide liquidity and earn yield
UV assets can be utilised within liquidity pools called state pools to earn yield.
The two initial excited state pools are:
uvBERA - wBERA (on BEX)
uvBGT - iBERA (on BEX)
These LPs earn yield via the underlying $siBGT which will soon converge
What is Ultraviolet?
Ultraviolet is a suite of yield derivatives initially creating unique instruments on top of @InfraredFinance.
These are known as UV assets, offering unique vehicles for speculation on @berachain and @InfraredFinance's base assets, $BERA and $iBGT.
Ultraviolet's debut products offers users the ability to do two distinct actions through 2 novel assets, both of which are minted via $iBGT
1. uvBERA - A $BERA floated peg asset
2. uvPREM - An instrument offering speculation on the $iBGT premium above $BERA
The purpose here is