I admit, I have a gambling nature!

A biased double opportunity, the time window is about two days, I estimate the issue is not big, I bought some!

Just now a friend came to ask me about the LP mining of iBERA/wBERA, after unlocking, he lost 60 BERA.

I showed him the referenced post and then explained it in simpler terms: if the ratio of iBERA to wBERA when unlocking the LP is lower than when forming the LP, a loss will occur (called impermanent loss).

There are quite a few pitfalls in DeFi, everyone be careful.

Also as a reminder from my friend, I checked the ratio of $iBERA to $wBERA and found it dropped to 0.9607, at this time, I chose to use $BERA to buy iBERA, waiting for it to return to the 1:1 peg price.

When I exchanged for iBERA, I also found that in the Infrared pool, iBERA/wBERA has a 183% APR mine on Wasabee.

The iBERA/wBERA APR of BEX and Kodiak has dropped to 11.34% and 8.84% respectively, which should be the reason my friend chose to unstake.

I haven't researched Wasabee yet, but I bet iBERA can return to the peg on Monday.

Firstly, insufficient liquidity on weekends is the norm; secondly, if iBERA has issues, Berachain will be greatly harmed.

I feel that such a thing is unlikely to happen.

10,000U can probably be exchanged for 10,400U of iBERA, if it returns to the peg on Monday, roughly 4% profit in two days?