1. Proposer Details
- Proposer’s project name: Kobble
- Proposer’s email: kobble@beraborrow.com
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): https://x.com/beraborrow
- Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts)
@Kob_Class
2. Protocol Details
- Your Protocol Name: Beraborrow
- Protocol Description: Beraborrow unlocks instant liquidity against Berachain assets through the first PoL powered stablecoin, Nectar ($NECT). Built with simplicity and flexibility at its core, Beraborrow is designed to maximise opportunities for users without forcing them to sacrifice yield.
- Protocol audits links: Audits | Beraborrow
- Protocol URL (link to dApp) https://app.beraborrow.com/
- Protocol Logo URL https://res.cloudinary.com/duv0g402y/image/upload/v1745505738/protocols/beraborrow.png
- Reward Vault and Staking Token Details
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Vault Name: Beraborrow uniBTC
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Reward Vault Address:
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Logo URL: https://res.cloudinary.com/dqindyclb/image/upload/v1746642009/tg_image_1150343661_vmxzzr.jpg
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Staking Token Address: 0x62CF6e355C77Edb6f5C8eb2085A85cf4dE4c1852
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Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply. Single Sided UniBTC holders - Google Sheets
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Is the Staking Token located on BEX? No
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Specify the protocol where the Staking Token is located Beraborrow
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Link to where the Staking Token is located: Beraborrow
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Existing Liquidity / TVL: $52,330,000
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Describe how a user should acquire this staking token: This token will be deposited by the Beraborrow collVault on behalf of users who use uniBTC as collateral to mint NECT on beraborrow.
4 Tokens Information
- Name uniBTC
- Symbol: uniBTC
- Token Contract: 0xC3827A4BC8224ee2D116637023b124CED6db6e90
5. Incentive Tokens
Token 1 details
- Name: POLLEN
- Symbol: POLLEN
- Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address: 0xc99e948e9d183848a6c4f5e6c1d225f02f171d79 - Tokenomics, Distribution, and Vesting (links to official docs, website, etc.) What is POLLEN? | Beraborrow
- Identify any address(es) controlling more than 10% (address / type: team, foundation, investor, etc.): POLLEN HOLDERS - Google Sheets
- Does the project issuing the token have any relationship with current Berachain validators? Yes
- If yes, which one?: Infrared, THJ, Kodiak, Smillee, apDAO, Validation Cloud.
- Total Supply Cap (if any): 420,000,000
- Circulating Supply: 84,022,248
- Token Type: Governance
- If either token is a native stablecoin, LST, or governance token, provide extra details on Use case:
- POLLEN is the Beraborrow governance token, enabling active participation in the protocols governance and liquidity incentives.
- It serves as a way for the protocol to utliise Proof of Liquidity to further the adoption of NECT, without having to create a new rewards vault for every NECT (our stablecoin) use case.
- POLLEN is a means to increase exposure to Berachain governance through the utility of the Beraborrow protocol.
- Creating a flywheel where more NECT utility enables more users to use Beraborrow for leverage, thus increasing total interest rates/fees to the Rewards Vault meaning more value can be passed through to incentivise liquidity. And the flywheel repeats.* Are token contracts upgradable?
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Token Control: Permissionless
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Is the token contract verified? Yes
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Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…) Yes - standard ERC20
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Can the token be paused? No
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Specify how many tokens per week you plan to allocate for incentives: 200,000 per week
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Specify for how many weeks you plan to allocate incentives: 8 weeks minimum
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Outline how decisions about token incentives are made : Multisig
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Incentive Manager Address: 0x0907f733BF15f62c71ABE65C71b3A8BCaEe64275
Token 2 details
- Name - Wrapped Bera
- Symbol - $wBERA
- Contract Addresses: 0x6969696969696969696969696969696969696969
- Outline how decisions about token incentives are made : Multisig
- Incentive Manager Address: 0x0907f733BF15f62c71ABE65C71b3A8BCaEe64275
Token 3 details
- Name - Nectar
- Symbol - $NECT
- Contract Addresses: 0x1cE0a25D13CE4d52071aE7e02Cf1F6606F4C79d3
- Specify how many tokens per week you plan to allocate for incentives: all the NECT minting fees for this asset for 8 weeks.
- Specify for how many weeks you plan to allocate incentives: 8 weeks minimum
- Outline how decisions about token incentives are made : Multisig
- Incentive Manager Address: 0x0907f733BF15f62c71ABE65C71b3A8BCaEe64275
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
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How will this contract benefit Berachain? This contract will help increase the utility of uniBTC on berachain. It also helps grow the backing of NECT which is a composable asset that can be used all throughout the berachain eco.
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Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset): indirectly yes, NECT is a CPD stablecoin so the minting of NECT means that there is an increased supply of stablecoins that can be used to LP with majors, supplied on moneymarkets etc.
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Does it enable important trading pairs that drive adoption or integrate with other Berachain projects? It does integrate with infrared and helps further the utility of uniBTC from Bedrock.
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Potential Volume / TVL:
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Provide metrics or estimates on liquidity you expect to attract: currently there is around ±$50m in tvl we expect this to increase over the next few months as adoption of the protocol grows.
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Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.) Bedrock has currently provided a significant potion of TVL out of their Cian Vault, the goal is to roll this capital over. In addition to that we are working closely with them to present new opportunities to their LPs, now made possible through beraborrow.
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?This contract will be integrated with infrared for users to be able to earn iBGT by depositing into Beraborrow.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity? Yes, with Bedrock.
Long-Term Vision:
- How could this reward vault evolve over time? Beraborrow is in a unique positions to be able to rehypothecate assets that have limited liquidity in Defi due to liquidity constraints, this is due to the fact that liquidations are done through our liquid stability pool. Meaning we don’t need to rely on additional onchain liquidity. This puts us in a unique position, we open up yield opportunities for uniBTC holders that they were not previously able to access through NECT. Meaning not only does this unlock yield for existing uniBTC holders but makes it a more attractive asset for BTC whales and helps further the utility of BTC in DeFi.