General (non-BEX) RFRV Reward Vault Request for bb.wgBERA

Reward Vaults
1

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

3. Reward Vault and Staking Token Details

This token will be deposited by the Beraborrow collVault on behalf of users who use wgBERA as collateral to mint NECT on beraborrow.

4 Tokens Information

Token 1: wgBERA

  • Name: Wrapped gBERA

  • Symbol: wgBERA

  • Contract Address: 0xD77552D3849ab4D8C3b189A9582d0ba4C1F4f912

  • Tokenomics: wgBERA is a non-rebasing ERC4626-compliant Liquid Staking Token (LST) that increases in value relative to the underlying gBERA. It is central to Smilee’s PoL-native LST model, redirecting validator rewards into bribes and liquidity incentives.

  • Control: Permissionless

  • Upgradability: No

  • Pause Capability: No

  • Supply Cap: None

  • Circulating Supply: 4,545,966. 29

  • Token Type: LST

Additional Details: wgBERA is designed for active deployment in liquidity pools and reward vaults to earn bribes and BGT, aligning with Berachain’s model of rewarding active liquidity providers.

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?
  • Token Control: Permissionless
  • Is the token contract verified? Yes
  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…) Yes - standard ERC20
  • Can the token be paused? No
  • Specify how many tokens per week you plan to allocate for incentives: 200,000 per week
  • 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
Token 2 details
  • Name: Wrapped gBERA
  • Symbol: wgBERA
  • Contract Address: 0xD77552D3849ab4D8C3b189A9582d0ba4C1F4f912
  • Incentive Allocation: 60 wgBERA per week for at least the first 3 months.
  • Decision-Making Process: Multisig
  • Incentive Manager Address: 0xb28BEde667acd985b6DfF27717CC008010947F8F

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

How will this contract benefit Berachain?
This contract will enhance the utility of wgBERA within the Berachain ecosystem. Creating more opportuinities for those who stake BERA with the smilee validator. It also supports the expansion of NECT, a composable asset widely usable throughout the Berachain community.

Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
Indirectly, yes. NECT is a collateralised stablecoin, and minting additional NECT increases the supply of stablecoins available for liquidity provisioning with major tokens, deployment in money markets, and other ecosystem integrations.

Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
Yes, this vault integrates directly with Infrared, boosting the utility and adoption of wgBERA provided by Smilee Finance.

Potential Volume / TVL:

Provide metrics or estimates on liquidity you expect to attract:
We expect to get at least 500k in the first few weeks.

Highlight any known liquidity commitments:
Smilee Finance currently supports a substantial portion of the existing wgBERA liquidity. Our objective is to transition this liquidity into the Beraborrow vault. Additionally, we are collaborating closely with Smilee to introduce new, attractive yield opportunities for their users through Beraborrow.

Synergies with Other Protocols:

Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
This vault will integrate with Infrared, enabling users to earn iBGT by depositing wgBERA into Beraborrow.

Marketing / Promotion:

Are there plans to co-market with another project to bootstrap liquidity?
Yes, there are joint marketing efforts planned with Smilee Finance.

Long-Term Vision:

How could this reward vault evolve over time?
The long term goald is to become the core venue for rehypothecation of wgBERA. Meanting folks can loop wgBERA yield. Meaning there is added benefit for bera stakers who stake with Smilee.

7. Verification