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Berachain Ecosystem

Berachain Ecosystem Farming Guide 2026 — Kodiak V3, BEND, Infrared & BGT

Updated July 1, 202610 min readMainnet Live
Quick Answer

Berachain mainnet is live. BGT (non-transferable governance token) is earned by providing liquidity in whitelisted gauge pools. The four main farming venues are Kodiak V3 (concentrated liquidity DEX), BEX (native AMM), BEND (lending), and Infrared (liquid BGT staking). Kodiak V3 launched in Q2 2026 with concentrated liquidity ranges for higher capital efficiency.

V3
Kodiak Version
4+
Farming Venues
BGT
Reward Token
Live
Mainnet Status

Berachain uses a unique Proof-of-Liquidity (PoL) consensus model where validators earn block rewards and direct BGT emissions to specific liquidity pools. This means users who provide liquidity in the right pools earn BGT — the governance token that controls where future emissions go. The ecosystem has grown significantly since mainnet launch, with Kodiak V3 now live as the primary concentrated liquidity venue.

Kodiak V3: What Changed

Kodiak Finance launched V3 in Q2 2026, upgrading from its original V2 constant-product AMM to a concentrated liquidity model similar to Uniswap V3. The main changes:

  • 1Concentrated liquidity ranges — LPs can now choose a price range for their liquidity instead of providing across the full curve. Tighter ranges earn more fees per dollar deployed when the price stays in range.
  • 2Island vaults — Kodiak Islands are managed positions that auto-rebalance your liquidity range for you. Useful if you don't want to manage ranges manually.
  • 3BGT gauge eligibility — Selected V3 pools and Islands receive BGT emissions via validator gauge delegation. Check the Rewards page to see which pools are currently emitting.
  • 4V2 pools still active — Legacy V2 pools continue to function. Some still have gauge allocations, but V3 pools generally attract more delegation over time.
Impermanent loss risk: Concentrated liquidity amplifies both gains and impermanent loss. If the price moves outside your range, your position earns zero fees and stops accumulating BGT until rebalanced.

The 4 Main Farming Venues

K
Kodiak Finance
Concentrated liquidity DEX

The primary DEX on Berachain. V3 pools and Island vaults earn trading fees plus BGT emissions from gauge allocations. Highest fee volume on the network.

B
BEX
Native AMM (built into chain)

BEX is Berachain's native built-in DEX. Certain BEX pools receive BGT gauge allocations directly from the protocol. Lower IL risk than concentrated positions.

N
BEND
Lending protocol

Berachain's native lending market. Supply assets to earn yield and BGT. Borrowing against collateral to lever up is a common strategy but adds liquidation risk.

I
Infrared Finance
Liquid BGT staking

Deposit BGT to receive iBGT, a liquid token that retains validator rewards. Infrared runs validators that direct BGT emissions to whitelisted protocols.

Step-by-Step: How to Farm on Berachain

Step 1: Bridge to Berachain

Berachain mainnet uses BERA as the native gas token. Bridge ETH, USDC, or WBTC via the official Berachain bridge or third-party bridges like LayerZero, Stargate, or Relay. You need a small amount of BERA for gas — the faucet at faucet.berachain.com gives a small amount to new wallets.

Step 2: Acquire HONEY

HONEY is Berachain's native overcollateralized stablecoin. Most high-BGT pools pair assets against HONEY (e.g., WBERA/HONEY, WBTC/HONEY). Mint HONEY by depositing USDC on BEX, or swap for it directly on Kodiak.

Step 3: Add Liquidity on Kodiak V3

  • 1Go to app.kodiak.finance and connect your wallet.
  • 2Click Earn and filter by "BGT Rewards" to see gauge-eligible pools.
  • 3Select a pool (e.g., WBERA/HONEY). For V3, set your price range — start wide (±20%) if you're new to concentrated liquidity.
  • 4Or choose a Kodiak Island vault for the same pool — it auto-rebalances and stakes the LP token for you.
  • 5Deposit and confirm. BGT starts accruing immediately to the pool's gauge position.
  • 6Claim BGT from the Rewards tab. You can burn it 1:1 for BERA or delegate it to a validator to earn future yield.

Step 4: Lend on BEND for Extra BGT

Navigate to bend.berachain.com, supply WBERA or HONEY as collateral, and earn supply APY plus any gauge-allocated BGT. BEND supply positions that are gauge-eligible earn BGT on top of base interest.

Step 5: Stake BGT via Infrared

Instead of burning BGT for BERA, stake it on infrared.finance to receive iBGT. iBGT accrues validator delegation rewards and can be used in other DeFi protocols. Infrared also offers iBERA (liquid BERA staking) which earns a base staking yield.

Recent Berachain Ecosystem Updates

Update Log
Jul 2026Kodiak V3 mainnet stable; Island vault TVL surpasses V2 legacy pools for the first time.
Jun 2026Kodiak V3 soft-launched with concentrated liquidity. Selected V3 pools added to BGT gauge whitelist.
May 2026BEND introduced BGT gauge allocations for supply positions. Infrared iBGT yield increased with new validator partnerships.
Feb 2026Berachain mainnet went live. BERA listed on major exchanges. BGT farming began for BEX and BEND positions.

BGT Farming Strategy Tips

The most efficient Berachain farming strategy is not just about providing liquidity — it is about understanding validator incentives. BGT emissions go to pools that validators whitelist. Validators whitelist pools based on bribes from protocols. This creates a flywheel:

  • 1Follow the BGT emissions, not just the APR. The displayed APR changes hourly as validators redirect emissions. Check Berachain's Rewards page for live emission rates per pool.
  • 2Delegate BGT to Infrared validators to earn compounding returns without burning BGT for BERA (which is a one-way action and reduces your governance power).
  • 3Use Island vaults on Kodiak V3 if you are providing liquidity in volatile pairs. Auto-rebalancing prevents your position from going out-of-range and losing BGT accrual.
  • 4Combine BEND + Kodiak. Supply HONEY on BEND to earn BGT, then use borrowed assets to add liquidity on Kodiak for additional BGT. Only do this if you understand liquidation risk.

Frequently Asked Questions

What is Kodiak V3 on Berachain?

Kodiak V3 is the latest version of Kodiak Finance, a concentrated liquidity DEX built natively on Berachain. V3 introduces price range selection for LPs (similar to Uniswap V3), plus Island vaults that auto-manage your position and stake the LP token for BGT rewards automatically.

How do I earn BGT on Berachain?

BGT is earned by providing liquidity in pools that have been whitelisted for gauge emissions. The main venues are Kodiak V3 pools and Island vaults, BEX liquidity pools, BEND supply positions, and Infrared iBGT staking. BGT accrues automatically and can be claimed from each protocol's Rewards page.

Does Kodiak Finance have its own token?

As of July 2026, Kodiak Finance has not launched a native token. The protocol uses BGT incentives. Watch Kodiak's official Twitter and Discord for any future token announcements.

What is the best Kodiak pool for BGT farming?

WBERA/HONEY and WBTC/WBERA typically receive the highest BGT gauge allocations because they are the deepest and most actively traded pairs. However, BGT emissions shift daily — always check the live Rewards page on Kodiak before depositing.

Is Berachain mainnet live?

Yes. Berachain mainnet is live as of early 2025. BERA is the gas token, BGT is the non-transferable governance token, and HONEY is the native stablecoin. All major ecosystem apps (Kodiak, BEX, BEND, Berps, Infrared) are deployed on mainnet.

What is Infrared Finance?

Infrared is a liquid staking protocol on Berachain. It converts your BGT into iBGT, which is transferable and earns validator delegation rewards. Infrared also runs a set of validators that direct BGT gauge allocations to whitelisted protocols, creating synergies with Kodiak and BEND.

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