General (non-BEX) Reward Vault Request for WBERA-iBERA on Bulla Exchange

Reward Vaults
1

General (non-BEX) RFRV

Reward Vault Request for [Contract Name]

Summary of RFRV Criteria

  • Deployed Contract: Must already be live.
  • Deployed Tokens: Must have the incentive tokens live.
  • Economic Value: Show significant TVL, trading volume potential, or strategic benefit.
  • Security: Use standard or audited contracts; tokens must be reputable.
  • Decentralization: Each token in the pair must show sufficient decentralization.
  • Transparency: Team/project info, audits, and open communication.
  • Synergy: Integrate with or benefit the broader Berachain ecosystem.
  • Community Support: Demonstrate genuine interest/demand.
  • Operational Safety: Clear ownership, upgradeability details, and compliance considerations.
  • Pair with a Major (Recommended for DEX pools): Major tokens are BERA, HONEY, BYUSD, USDC, wETH, and wBTC.
  • Verification: The proposer should be affiliated with the protocol or at least one of the tokens in the contract

1. Proposer Details

  • Email: bullabear1@gmail.com
  • Proposer’s project name: Bulla Exchange
  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes) @BullaExchange
  • Best Telegram Handle for questions/fixes: @bullabear_fi

The proposer should be affiliated with the protocol or at least one of the tokens in the contract.

For example if the contract is a $EXAMPLE / $BERA pool on XYZ DEX, the proposer should be affiliated with the protocol (XYZ DEX) or one of the tokens in the pool (in this case, $EXAMPLE).

  • Affiliation (protocol / one of the tokens in the contract): Founder at Bulla Exchange
  1. Protocol Details
  • Protocol Name Bulla Exchange
  • Protocol Type (DEX/Lending/Staking/Derivatives/Other)
    • DEX
  • Protocol X profile link: https://x.com/bullaexchange
  • Protocol docs link: https://docs.bulla.exchange/
  • Protocol audits links (multiple links): Audits | Bulla
  • Does the protocol have any relationship with current Berachain validators? We have team telegram chats open with both Infrared and THJ.
  1. Contract/Pool Details
  • Contract Name: aWBERA-iBERA
  • Contract Address: 0xC886990F39F1dc3574Ee3F43F15dDd715d937486
  • Contract Type / Configuration: Standard AMM Pool with automated liquidity management
  • Describe how the contract works: Users deposit the base assets of WBERA and iBERA and receive a proportionate amount of ERC-20 LP tokens in return. Those assets are then deployed to the Algebra Integral concentrated liquidity AMM pool where they are actively managed around the current price. Those assets can then be redeemed for the ERC-20 LP tokens.
  • Contract Fees: LPs earn trading fees from the fees accrued from the liquidity position. 20% of the fees will be used as bribes to validators. The fees will be earned in the form of WBERA and iBERA from the swaps that accrue in the liquidity position.
  • Existing Liquidity / TVL: Currently $9K of liquidity in the pool. (https://www.bulla.exchange/pools/0x436e6ff77f43b774d5ef65785fe96e20f23c9cda ). Within the last 24 hours $8k of volumes and $23
  • Identify any address(es) controlling more than 10% of the contract shares
    (address / type: team, protocol-owned liquidity, etc.): 0xf9b23ead08d804183444704557cb219de8d841b8
  • Is the contract upgradable? No
  • Contract Control: (Multisig/Single Owner/RBAC/Permissionless/Governance): Multisig
  • Additional details on Contract Control: The contract is permissionless to deposit/withdraw. Only deposits may be paused and withdrawals can never be paused. Active management of liquidity is controlled by Gamma Strategies, and rebalances are further proxied via a RebalanceProxy contract which dictates the extent to which liquidity may be rebalanced. The contract is noncustodial in that the admin only has rebalancing/compounding rights and cannot migrate the liquidity or withdraw liquidity to any other address but the LP token holder.
  • Is the contract verified? Yes
  • Can the contract be paused? Only deposits, not withdrawals
  • Does the contract rely on oracles?
    • Yes, the deposit proxy contract (UniProxyETH.sol) uses the Algebra Integral TWAP oracle, among 3 other safety measures, to ensure that price change prior to a deposit isn’t too high to protect deposits from price manipulation.

4. Token Details

Provide the following details for each token in the contract (up to 5):

For Major Tokens:
  • Name: WBERA
  • Symbol: WBERA
For Non-Major Tokens:
  • Name: Infrared BERA
  • Symbol: iBERA
  • Contract Addresses (on Berachain and bridging addresses if cross-chain):
    0x9b6761bf2397Bb5a6624a856cC84A3A14Dcd3fe5
  • Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
    • Unlike Proof of Liquidity vaults and iBGT, iBERA rewards are tied to validator activity. Instead of a fixed reward rate, rewards are distributed during sweep events.
    • Backed 1:1 with staked BERA
  • Identify any address(es) controlling more than 10%
    (address / type: team, foundation, investor, etc.)
    • 0x7CFf4a65fd1CdE5319fA65E444eeDCe858275932 = 21%
  • Does the project issuing the token have any relationship with current Berachain validators?
    • Yes, Infrared is a prolific validator on Berachain
  • Total Supply Cap (if any) : N/A
  • Circulating Supply: 73,616,980.395312149
  • Token Type: LST
  • Provide extra details (e.g. Use case, Redemption mechanics, Peg stability)
    • Liquid wrapper backed 1:1 with staked BERA
    • BERA is staked and generates staking rewards accrued by iBERA
  • Are token contracts upgradable? Yes
  • Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance): Multisig
  • Additional details on Token Control: The minter and burner role is controlled by an upgradeable proxy contract. The pauser role is controlled by the team Gnosis Safe.
  • Is the token contract verified? Yes
  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…)
    (If custom, provide a link to an audit.)
    • Standard ERC-20
  • Can the token be paused? Yes

5. Token / Project Background / Incentive Token Whitelist

Only two tokens can be whitelisted for use as incentives in a Reward Vault. Indicate which tokens will be used and provide all relevant information below.

Required Data for Incentive Token:

  • Name: WBERA
  • Symbol
  • (if the name and symbol match one of the tokens already provided or a major token, skip the next steps)
  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
    chain / address
  • Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
  • Identify any address(es) controlling more than 10%
    (address / type: team, foundation, investor, etc.)
  • Does the project issuing the token have any relationship with current Berachain validators?
  • Total Supply Cap (if any) and Circulating Supply
  • Token Type:
    (Governance, Utility, Memecoin, Stablecoin, LST, Other)
  • If either token is a native stablecoin, LST, or governance token, provide extra details on Use case, Redemption mechanics, Peg stability
  • Are token contracts upgradable?
  • Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
  • Additional details on Token Control
  • Is the token contract verified?
  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…)
    (If custom, provide a link to an audit.)
  • Can the token be paused?

Additional Requirements:

  • Specify how many tokens you plan to allocate for incentives and over what period of time.
    • We expect to get up to $200k of liquidity and $360 in normalized fees. 30% of that is $500/week in LBGT and WBERA
      • $250 in WBERA per week
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.): Multisig
  • 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)
    • WBERA: 0x8Ec9F5d1d44b49431ddbdAEd9bad2dAbD4920f37
    • iBERA: 0x8Ec9F5d1d44b49431ddbdAEd9bad2dAbD4920f37

Required Data for Incentive Token:

Name: Infrared BERA

Symbol: iBERA

Token Contract Addresses:

  • See details for iBERA above

Additional Requirements:

  • Specify how many tokens you plan to allocate for incentives and over what period of time.
    • $250 in iBERA/week
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.): Multisig
  • 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)
    • WBERA: 0x8Ec9F5d1d44b49431ddbdAEd9bad2dAbD4920f37
    • iBERA: 0x8Ec9F5d1d44b49431ddbdAEd9bad2dAbD4920f37

6. Growth, Community & Ecosystem Impact

Why this contract Matters

  • How will this contract benefit Berachain?

  • This contract will enhance liquidity for iBERA which is one of the LSTs that will be backed by a true peg and redemption rate.

  • By managing this pair on its peg price, we can help this pair stay pegged to its redemption price.

  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?

  • Yes, it should deepen liquidity for iBERA-WBERA

  • Does it enable key trading pairs that drive adoption or integrate with other Berachain projects?

  • Yes, it will drive adoption with iBERA which is an LST that will have more of a true hard peg. It likely will be favored as a stable LST where it’s important to have a lot of on-peg liquidity.

  • It will integrate directly with Infrared’s infrastructure.

Potential Volume / TVL:

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?

  • This contract will feed directly into iBERA liquidity which is a liquid staking derivative on Berachain

  • Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity?

  • Yes, we will co-market with Infrared

  • Gamma Strategies, our main automated liquidity partner, will also list this pair on their own frontend and promote the yield across their social channels.

  • Long-Term Vision:

  • How could this reward vault evolve over time? (E.g., eventually becoming a core liquidity pair or a major stable pool for the chain.)

  • We believe this pair will be a stable source of BERA yield given that it is hard pegged to WBERA via redemption

  • I think many LPs will like LP-ing here due to its low IL nature

  • Because Gamma will manage liquidity directly on peg in a tight concentrated range, this will be extremely capital efficient.

7. Verification

Please post the following text with the provided X account:

“Submitted Reward Vault Request for [Contract Name] on protocol [Protocol Name] with incentive tokens [incentive token 1], [incentive token 2]”

Insert post link: https://x.com/bullaexchange/status/1905525235107119107?s=46&t=ltJkwz2loKfjbwI_Y2dRWQ

Final Reminder

A successful RFRV hinges on demonstrating:

  1. Security: Low smart contract and token risk.
  2. Demand: Community and liquidity providers want this pair.
  3. Ecosystem Benefit: Increases volume, TVL, or strategic positioning for Berachain.

Make sure to cover these points clearly to maximize your chances of passing the governance vote / RFRV!

2

Hi team, thanks for the proposal.

Could you please help address the following concerns?

  • Pool liquidity is below minimum required threshold (Minimum of USD 100,000)
  • Number of token holders is below the minimum threshold (Minimum over 100 Holders)
  • Please specify the incentive amount and duration.

Please note that the following feedback doesn’t represent the opinions of the BGT Foundation.
It is contextual feedback from the Bera ecosystem team with respect to publicly stated guidelines.

With the following changes implemented, this application should be a better candidate for a Reward Vault.

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