General (non-BEX) RFRV
Reward Vault Request for Wasabee/Aquabera/HoneypotFinance wgBERA-WBERA-dynamic-ALM-Vault
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 partnership@wasabee.xyz
- Proposer’s project name: Wasabee
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): https://x.com/WasabeeFi
- Best Telegram Handle for questions/fixes: @lisaxxx1020
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)
- Protocol/DEX
- Protocol Details
- Protocol Name (Example: XYZ DEX)
- Wasabee
- Protocol Type (DEX/Lending/Staking/Derivatives/Other)
- DEX
- Protocol X profile link
- Protocol docs link
- Protocol audits links (multiple links)
- Does the protocol have any relationship with current Berachain validators? no
- Contract/Pool Details
-
Contract Name (Example: $EXAMPLE / $BERA)
- DEX pool: AlgebraPool(wgBERA-WBERA)
- ALM Vault: ICHI Vault Liquidity(IV-WASABEE-4-WBERA-wgBERA)
-
Contract Address: Insert the contract address.
- 0x78462e7ea4f52a1c5a3f7c1c6e99d526950bcbe5
- 0xac04b1abadf214b57f7ade1dd905ab7acac23a6b
-
Contract Type / Configuration: Is it a standard AMM pool, a lending pool, a derivatives pool, or a custom contract
- Modular concentrated AMM Pool with dynamic fees + automated liquidity management
-
Describe how the contract works (e.g., how to mint and redeem shares of the contract, if tokens can be exchanged within the contract…)
- A single-sided BERA deposits vault to accumulate wgBERA at the dip, while actively providing liquidity and farming on the wgBERA-BERA token pair through Wasabee DEX. Which helps restore and maintain the wgBERA peg as well.
-
Contract Fees: Outline the fee structure (e.g., 10% of staking rewards)
- Wasabee DEX charges a dynamic fee from 0.05% to 0.3% based on the volatility. LP share 9/10 and Wasabee DEX share 1/10.
- AquaBera Vault charges a fee of 10% of the fee collected by ALM.
-
Existing Liquidity / TVL: current liquidity and volume stats (if applicable).
-
Current TVL: 226K USD value of wgBERA and WBERA
-
Current volume: 270K USD value of wgBERA and WBERA
-
Identify any address(es) controlling more than 10% of the contract shares
(address / type: team, protocol-owned liquidity, etc.) -
No
-
Is the contract upgradable?
- No
-
Contract Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
- multi-sig
-
Additional details on Contract Control
-
Is the contract verified?
- Yes
-
Can the contract be paused?
- No
-
Does the contract rely on oracles?
- No
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 Wrapped gBERA
- Symbol wgBERA
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 BERA
- Symbol BERA
Additional Requirements:
- Specify how many tokens per week you plan to allocate for incentives
- 50% of this specific trading fee the Wasabee collected in BERA will be redirected as incentives for this Reward Vault before HPOT&Wasabee TGE.
- Plus, the BERA from RFA of HPOT&Wasabee will contribute to all vaults which have been approved for over 12 months based on the trading volume.
- up to 4,000 BERA per week for at least the first 6 months.
- Specify for how many weeks you plan to allocate incentives
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.).
- Multi-sig
- 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)
- 0xF636EdBB56c877024c4666d41d6e50638Df46Fcc
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
- A single-sided BERA deposits vault to accumulate wgBERA at the dip, while actively providing liquidity and farming on the wgBERA-BERA token pair through Wasabee DEX. Which helps restore and maintain the wgBERA peg as well.
- The strategy is implemented based on the Ascend-Strategy with a dynamic peg adjustment mechanism that progressively elevates the peg target as wgBERA appreciates in value.
- The strategy undergoes periodic review and optimization by Wasabee, HPOT and Aquabera to ensure optimal performance.
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
- wgBERA
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
- The pool is already integrated with Aquabera(ALM)/BeraTrax(Yield Aggregator)/HPOT(launchpad)/Holdstation(Aggregator)/…
- It accumulates wgBERA at the dip to help maintain the wgBERA peg
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract.
- We expect to attract a 10% portion of the liquidity from the same pool on BurrBear, as well as net new liquidity providers due to the incentives we, HoneypotFinance, and Aquabera provide. Which is about $200k+.
- Since the pool will be a modular concentrated liquidity pool with dynamic fees that provide high APY, we expect to capture part of the volume from the same pair ($400k+ in daily volume).
- Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
- Yes, the LP token will be integrated with Rootsfi, as collateral
- will be integrated with Infrared.
- will be integrated into Beefy, the dynamic vault.
- will be integrated into Beratrax, the yield aggregator.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
- Yes, this reward vault will also be integrated/supported by Infrared for those who want to stake their LP tokens with Infrared.
- Wasabee/HPOT/Aquabera/Beratrax will help with the incentive and host a marketing campaign together.
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.)
- This reward vault will be one of Wasabee’s flagship vaults that grow into being the deepest, most capital-efficient and in-range liquidity pool for two major assets (WBERA and wgBERA).
- This reward vault will become the primary way for anyone who wants to buy the wgBERA dip and help maintain wgBERA peg
7. Verification
Please post the following text with the provided X account:
“Submitted Reward Vault Request for [AlgebraPool(wgBERA-WBERA)] on protocol [Wasabee/Aquabera/HoneypotFinance] with incentive tokens [BERA]”
Insert post link