big pol proposal and if passed 20% of BGT yield will be redirected to build protocol owned BERA liquidity (e.g. BERA-HONEY) and stake to foundation validators. think of it as an on chain “tariff” mechanism to reinforce the core of the ecosystem. bullish note: the protocol owned liq won't be staked so no additional dilution risk and all fees auto bribes generated will get recycled to deepen TVL in BERA majors creating a more sustainable foundation for PoL flywheels. what does this mean for @InfraredFinance and LSTs like $iBGT? there will be a ~20% reduction in BGT emissions across the board (native and LSTs). for context single sided $iBGT APR would reduce from ~265% to ~212% at current APRs. that’s a slight compression but not a structural threat. also its important to note that $iBGT utility goes beyond yield as it’s composable across defi from lending, borrowing, leverage, and more. that said I wouldn’t be surprised to see short term speculation which could temporarily compress the LST premium. but in my view the fundamentals remain strong and demand is still high. between the yield, composability, and upcoming integrations with partner protocols I wouldn’t be surprised if the premium remains steady or even increases as utility and demand expands. there may be short term volatility but long term stability and broader alignment across the entire Bera ecosystem is the right direction.