UV Assets

Ultraviolet introduces new derivative assets with unique payoffs known as UV assets. Below we'll cover the initial UV assets including uvBERA and uvPREM.

uvBERA

uvBERA is a synthetic stablecoin soft pegged to BERA. uvBERA can be used in liquidity pools such as uvBERA metapool to earn yield through Berachain's POL as well as trading fees or can be staked to earn yield which comes from the underlying staked iBGT.

In due time, uvBERA will also be used across other DeFi applications, including functions such as a collateral asset.

uvPREM

uvPREM is a novel asset providing exposure to the premium between BGT and BERA. uvPREM offers users the ability to directly speculate on the premium between BERA and BGT and therefore offers a proxy vehicle to speculate on the incentive or bribes that flow through infrared's validator stack.

Minting

uvBERA and uvPREM can be minted on Ultraviolet through the mint contract. Users must be deposit iBGT in order to mint 1 uvBERA and 1 uvPREM.

Redemptions

Similarly, 1 uvBERA and 1 uvPREM can be redeemed for 1 iBGT.