Summary:
This RFC seeks community input on liquidating Olympus's vested Berachain position, currently held as iBERA (Infrared staked BERA) through BitGo custody.
Background:
Olympus participated as a pre-seed investor in Berachain via a token swap arrangement:
Olympus received: 1% of BERA supply
Lock-Up Period: 36 months from TGE
The BERA allocation has since been staked into iBERA via Infrared protocol for yield generation.
Current Position:
Custody Address iBERA Balance
0xb65e74f6b2c0633e30ba1be75db818bb9522a81a 4,128,689.77
0x082689241b09c600b3eaf3812b1d09791e7ded5a 734,718.44
Total 4,863,408.21 iBERA
Estimated Value: ~$2.75M at current BERA price ($0.57)
Vesting Schedule:
Date Unlock Cumulative
Feb 6, 2026 16.67% 16.67%
Mar 2026 - Aug 2028 ~2.78%/month 100%
Initial Release: 16.67% at 6-month anniversary of TGE (Feb 6, 2026)
Monthly Unlocks: Remaining 83.33% in equal monthly installments over 30 months
Full Unlock: August 2028 (36 months from TGE)
Motivation:
Olympus Treasury operates primarily in stablecoins and ETH. Holding concentrated positions in other protocol tokens:
- Creates unnecessary concentration risk
- Ties up capital that could generate stable yield
- Is outside the treasury's core investment mandate
Liquidating the vested BERA position allows redeployment into reserve assets aligned with treasury policy.
Request for Comments:
We're seeking community support to potentially exit through all available venues including, but not limited to, OTC desks, direct counterparty arrangements, or market execution depending on which provides the best overall outcome for the treasury.
Timeline:
Date Milestone
Feb 6, 2026 16.67% of tokens unlock
Please share your thoughts on the approach, timing, and execution strategy.
