BGT Liquid Wrapper

Overview

We now allows liquidity providers (LPs) staked in Berachain Reward Vaults to claim their BGT rewards and directly mint BGT liquid wrappers through the our UI. This feature enables users to choose from multiple liquid wrapper options and see real-time premium rates before minting.

What are BGT Liquid Wrappers?

BGT liquid wrappers are tokenized versions of BGT that trade at different premiums and offer various utility features:

• iBGT (Infrared Finance) - Infrared BGT

• yBGT (Bearn) - Bearn BGT

• LBGT (Berapaw) - Liquid BGT

• Additional wrappers - More options coming soon

Step-by-Step Guide

Step 1: Deposit and Stake LP Tokens

1. Navigate to your desired Kodiak pool/Island page

2. Deposit liquidity to receive LP tokens

3. Go to the "Stake" tab on the pool page

4. Click "Stake in BGT Reward Vault"

5. Approve the LP token allowance

6. Confirm your stake transaction

Step 2: Claim BGT Rewards

1. Once you have accumulated BGT rewards, return to your pool/Island page

2. Click "Claim BGT Rewards" button

3. A popup will appear showing your available rewards

Step 3: Select Liquid Wrapper Option

1. In the claim popup, click "Mint Liquid Wrapper" at the top

2. Review the available wrapper options:

   • Options are sorted by highest premium rates

   • Each option shows the current premium and estimated receive amount

   • Fee information is displayed for each wrapper

Step 4: Choose Your Wrapper

Current supported wrappers include:

• iBGT (Infrared) - Often has the highest premium

• yBGT (Bearn) - Alternative wrapper option

• LBGT (Berapaw) - Additional wrapper choice

Step 5: Complete the Minting Process

1. Select your preferred wrapper (e.g., iBGT)

2. Review the transaction details:

   • Amount you're converting

   • Estimated tokens you'll receive

   • Associated fees

3. Click "Mint Liquid Wrapper" at the bottom

4. Approve Operator (one-time approval required)

5. Confirm the mint transaction

6. Wait for transaction confirmation