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: info@sumer.money
- Proposer’s project name: Sumer Money
- Proposer’s X account: Sumer Money
- Best Telegram Handle for questions/fixes: Xiaohan Zhu
- Affiliation: Protocol
2. Protocol Details
- Protocol Name: Sumer Money
- Protocol Type: Lending
- Protocol X profile link: Sumer Money
- Protocol docs link: Documentation
- Protocol audits links: Audit Reports
- Relationship with Berachain validators: No
3. Contract/Pool Details
- Contract Name: bSUMER
- Contract Address: 0x30E148a79B898EFa1Ab1285F5Eca71972a7e0acE
- Contract Type / Configuration: Standard ERC20 Contract
- Contract Functionality:
- Premint Token Supply
- Distribute bSUMER as per Points earned on the Sumer Points Program to incentivize activity and yield over idle TVL
- Delegation of BGT earned to users in the rewards vault based on active deposit, borrow, mint of suToken, and sutoken liquidity
- Contract Fees: Up to 10% of staking rewards for protocol revenue
- Existing Liquidity / TVL: NA
- Major Token Holders: Depends on deposits, borrows, redemption, and repayment
- Contract Upgradeability: Yes, if distribution logic changes to aid activity and yield
- Contract Control: Multisig
- Contract Verification: Yes
- Contract Pause Capability: Yes
- Oracle Dependency: No
4. Token Details
Non-Major Tokens:
- Name: BERA Sumer
- Symbol: bSUMER
- Contract Address: 0x30e148a79b898efa1ab1285f5eca71972a7e0ace
- Tokenomics, Distribution, and Vesting:
- Used for staking on BGT rewards vault
- Minting and redemption depend on deposits, borrows, suToken mint, and sutoken liquidity on Sumer
- Major Token Holders: Distribution depends on deposits, borrows, suToken mint, and liquidity
- Relationship with Berachain validators: No
- Total Supply Cap: None
- Circulating Supply: Depends on deposits, borrows, suToken mint, and liquidity
- Token Type: Governance / RV Staking Token
- Token Use Case:
- Incentivizes deposits, borrows, suToken mint, and sutoken liquidity on Sumer on Berachain
- Users get BGT/iBGT emissions based on contributions
- Token Upgradeability: Yes, for security reasons
- Token Control: Multisig
- Token Verification: Yes
- ERC20 Standard Compliance: Yes
- Token Pause Capability: Yes, for security reasons
5. Token / Project Background / Incentive Token Whitelist
- Incentive Token Name: Berachain
- Symbol: BERA
- Planned Allocation: 13,000 BERA over 6-9 months
- Token Control: Multisig
- Incentive Manager Address: 0x8cafd0397e1b09199A1B1239030Cc6b011AE696d
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- Benefits for Berachain:
- Sumer’s core strategy on Berachain is giving liquidity and real yield to native assets
- bSUMER will enable Sumer to incentivize borrowing, deposits, sutoken mints and liquidity on Sumer meeting both the critical requirements of liquidity and real yield
- Sumer’s alignment with Berachain ecosystem is further strengthened by our readiness to list additional native tokens (for e.g. Kodiak, Pollen, Yeet, Ramen etc.) once credible oracle services are available for these tokens
Potential Volume / TVL:
- Current TVL: $250K without incentives
- Expected TVL Growth: Around $5M based on available RFA. ~5% APR can enable Sumer attract over 100 Million in BTC TVL to Berachain
- Partnerships: Kodiak, Burrbear, Infrared, Beraborrow
- Synergies:
- Native Tokens: iBGT, iBERA (Infrared), NECT, sNECT (Beraborrow), gBERA (Smilee Finance)
- Integrations: Magpie (Aggregator), LP tokens support (Burrbear, Kodiak, BEX), suUSD and suBTC trading pairs
Synergies with Other Protocols:
- No, the staking token bSUMER by itself will not feed into other protocols
- However, current broader synergies explored by Sumer are;
- Native Tokens Supported
- iBGT, iBERA - Infrared
- NECT, sNECT – Beraborrow
- gBERA – Smilee Finance
- This is in addition to Major tokens BERA and HONEY
- Integrations
- LP Tokens support – Burrbear, Kodiak, BEX
- Deposit staking – Infrared
- suBTC – Collateral asset on Beraborrow
- suUSD – BERA/ HONEY trading pairs on Kodiak
- Magpie – Aggregator enabling Collateral Swap, liquidations
- Native Tokens Supported
Marketing / Promotion:
- Co-marketing with partners: Yes
- Long-Term Vision:
- Establish bSUMER as a core staking/reward asset
- Strengthen Sumer’s role in Berachain’s liquidity ecosystem
7. Verification
Required Post for X Verification:
“Submitted Reward Vault Request for bSUMER [Sumer Reward Vault staking token] on protocol Sumer Money with incentive tokens BERA”
- Verification Post Link: Tweet
Final Reminder
A successful RFRV must demonstrate:
- Security: Low smart contract and token risk
- Demand: Proven community and liquidity provider interest
- Ecosystem Benefit: Enhances volume, TVL, or strategic growth for Berachain
Make sure to cover these points clearly to maximize your chances of passing the governance vote / RFRV!