Add Incentive Token $xfatBERA to Beradrome - hiBERO Reward Vault

Reward Vaults
1

Purpose of the amendment

To add $xfatBERA, the wrapped version of apDAO’s BERA LST fatBERA, as the second incentive token on the Beradrome - hiBERO rewards vault.

Important to note: Currently, incentives on this RV are primarily denominated in WBERA. The plan is to now add a second incentive token. Beradrome will mint and wrap fatBERA using protocol revenue, and add it as incentives to the hiBERO RV.

FatBERA represents staked BERA which is delegated to the THJ/Beradrome x ApDAO/Berabaddies validator set. This will support the fatBERA supply. Extra fatBERA (xfatBERA) is wrapped fatBERA and autocompounds its staking rewards into the token value.

RewardVault address:

0x63233e055847ed2526d9275a6cd1d01caafc09f0

Token Details

Name: Extra fatBERA
Symbol: xfatBERA
Contract Address: 0xcAc89B3F94eD6BAb04113884deeE2A55293c2DD7
Description: Extra fatBERA (xfatBERA) is a wrapped ERC-4626 version of fatBERA. Holding xfatBERA gives users an streamlined way to accrue staking rewards from fatBERA. Rewards autocompound into the token value of xfatBERA without the need to claim. Users can unwrap at any time.

Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)

Identify any address(es) controlling more than 10%

LP - 0x4F54C2Ac13Aabc1Bd714Bb0Ea57D52B6a5008C03

Does the project issuing the token have any relationship with the current Berachain validators?

Beradrome and ApDAO run the Beradrome x ApDAO validator together and split the revenue thereof.

Total Supply Cap (if any) and Circulating Supply Total Supply:

No supply cap.
Current circulating supply: 185101

Token Type:

Wrapped LST

Incentive Manager address (this address will manage the incentive token, being able to add incentive tokens to the reward vault and change the incentive rate)

0xaB53AfB5C63E2552e7bD986c0a38E8a8dC58E09C

1 Like
2

This sounds fat bera thesis gud. May we kindly approve this application overloards guardians.

The pogi of cycles; (pogi is alien, pogi is gud);
$xfatBERA, minted from protocol revenue and used as an incentive,
Validators direct $BGT emissions to the hiBERO vault to capture $xfatBERA rewards, Users stake assets to earn $BGT and $xfatBERA,
and Beradrome benefits from increased TVL and activity.

If this is tru; then so is that it boosts liq, aligns incentives, grows PoL and is cool and easy to understand. Plus, I can vote on the gauge, voting is supercool.

dankyou strapped jacked and stacked @bowtiedbart for explain like I’m retarded (I am).
gg’s on your 1st application. :smiley: