General non BEX RFRV Reward Vault Request for BURR:wgBERA Generalized Pool

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General non BEX RFRV Reward Vault Request for BURR:wgBERA Generalized Pool

1. Proposer Details

  • Email: gram@burrbear.io

  • Proposer’s project name: BurrBear

  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes) https://x.com/babbysfirstnft

  • Best Telegram Handle for questions/fixes @babbysfirstnft

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

  • Affiliation (protocol / one of the tokens in the contract): BurrBear team

2. Protocol Details

3. Contract/Pool Details

  • Contract Name BURR:wgBERA Generalized Pool

  • Contract Address: WeightedPool | Address 0xac8a437d1e6905e419431662aead90fb04ac3008 | BeraScan

  • Contract Type / Configuration: Standard AMM Pool

  • Describe how the contract works: Multi Token Constant Product forked from Balancer v2 Weighted Pool Weighted Pools | Balancer

  • Contract Fees–outline the fee structure: LPs earn fees taken from trades.

  • Existing Liquidity / TVL: ~$52k TVL, $1.9k volume at time of posting - See Pool. Please note that as the pool has not been publicly announced by both participating teams, the community has not yet started providing liquidity and trading volume.

  • Identify any address(es) controlling more than 10% of the contract shares: BurrBear and Smilee teams have seeded initial liquidity roughly 98%, but percentage owned by teams will progressively decrease as community participation starts.

  • Is the contract upgradable? No

  • Contract Control: Multisig then later Governance

  • Additional details on Contract Control: will switch to governance once BURR token launched

  • Is the contract verified? Yes

  • Can the contract be paused? Swaps can be paused during emergency scenarios, but removing liq will always be functional

  • Does the contract rely on oracles? No

  • (If yes, explain oracle dependency)

4. Token Details

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

For Non-Major Tokens:
Token 1

  1. Team multisig 0xf215001faD7b5819eEb414bC0d15810EA208fd5C. See allocation breakdown Tokenomics | BurrBear

  2. Burned token address (total 10% burned already) ~ 0x000000000000000000000000000000000000dEaD

  • Does the project issuing the token have any relationship with current Berachain validators? Yes, Smilee to start and more incoming validators

  • Total Supply Cap (if any): 100m – Currently 90m after first burn

  • Circulating Supply: 21.5M

  • Token Type: Governance token

  • Provide extra details: BURR is the governance token for the BurrBear DEX Governance | BurrBear

  • Token Control: multisig until full governance/permissionless rollout

  • Additional details on Token Control:

  • Is the token contract verified? Yes

  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…) Standard

  • Can the token be paused? No

Token 2

** gBERA provides a decentralized liquid staking token for $BERA. wgBERA is a non-rebasing ERC4626-compliant alternative that increases in value relative to the underlying gBera.

** It will be possible redeeming 1:1, once withdrawals will be enabled on Berachain network, until then unstaking from gBera won’t be possible. There is no mechanism in place to guarantee the peg, people can swap in and out using the liquidity pool. Amplification parameter is 750.** (gBERA Introduction | gBERA by Smilee Finance)

  • Are token contracts upgradable? No

  • Token Control: Permissionless

  • Additional details on Token Control

  • Is the token contract verified? Yes

  • Is the token a standard ERC20 or any functions have been customized?

** wgBERA is an ERC4626. convertToShare and convertToAsset functions have been adjusted to account for rewards accrued into gBERA (rebasing ERC20). Both wgBERA and gBERA designs are based on that of a standard LST.

  • Can the token be paused? No

5. Incentive Token #1

** Tokenomics | BurrBear , Emissions Schedule | BurrBear

  • Identify any address(es) controlling more than 10%

BurrBear team multisig: Burr Governance Token (BURR) Token Tracker | BeraS

Post TGE: NA, no VCs, no allocation above 10% for any category Tokenomics | BurrBear

  • Does the project issuing the token have any relationship with current Berachain validators? Smilee, Blockhunters and many more validators via pool partners who will be bribing on BurrBear gauges

  • Total Supply Cap (if any) and Circulating Supply

Total Supply: 100M with 10M already burned

Circ Supply on TGE: 21.5% sold to community

  • Token Type: Governance

  • If either token is a native stablecoin, LST, or governance token, provide extra details on Use case, Redemption mechanics, Peg stability: Governance | BurrBear

  • Are token contracts upgradable? No

  • Token Control: Multisig pre TGE

  • Additional details on Token Control: Governance post TGE

  • Is the token contract verified? Yes

  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…) Standard ERC20

  • Can the token be paused? No

Incentive Token #2

(wgBERA Address Identification - Google Sheets)

  • Does the project issuing the token have any relationship with current Berachain validators?

** Yes, Smilee to start and more incoming validators

  • Total Supply Cap (if any): NA

  • Circulating Supply: 3,867,814.90

  • Token Type: LST

  • Provide extra details

** gBERA provides a decentralized liquid staking token for $BERA. wgBERA is a non-rebasing ERC4626-compliant alternative that increases in value relative to the underlying gBera.

** It will be possible redeeming 1:1, once withdrawals will be enabled on Berachain network, until then unstaking from gBera won’t be possible. There is no mechanism in place to guarantee the peg, people can swap in and out using the liquidity pool. Amplification parameter is 750. (gBERA Introduction | gBERA by Smilee Finance)

  • Are token contracts upgradable? No

  • Token Control: Permissionless

  • Additional details on Token Control

  • Is the token contract verified? Yes

  • Is the token a standard ERC20 or any functions have been customized?

** wgBERA is an ERC4626. convertToShare and convertToAsset functions have been adjusted to account for rewards accrued into gBERA (rebasing ERC20). Both wgBERA and gBERA designs are based on that of a standard LST.

  • Can the token be paused? No

Additional Requirements:

  • Specify how many tokens you plan to allocate for incentives and over what period of time.

** BurrBear will allocate at least 1% of total 100M BURR supply to this RewardsGauge over 12 months with a target TVL range of $5 to $10M.

** Smilee will allocate matching wgBERA incentives for the 12 month period, with target TVL range of $5 - $10M.

  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.).

Multisig pre TGE, then post TGE full tokenomics will be made available to transition to DAO governed incentives management. Read more here → Governance | BurrBear

  • 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)

GnosisSafeProxy | Address 0xF2F4F3bED1611D279D1F3BceEA99CCC7e29bB080 | BeraScan

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?

** Enabling BGT emissions to this pool will provide another target for holders to LP, continuing the growth of demand for gBERA (LST), acting as a further token sink for BERA itself.

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

** Yes - it builds another layer of DeFi utility and liquidity sink on top of BERA by encouraging gBERA usage.

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

** Yes, this pool deepens the partnership between Smilee Finance, an important LST in Berachain, and BurrBear.

Potential Volume / TVL:

  • Provide metrics or estimates on liquidity you expect to attract.

$50,000 in liquidity already seeded, with more to come from the community once pool is announced.

  • Highlight any known liquidity commitments.

** BurrBear has already seeded this pool directly with Smilee Finance, and both projects will be consistently deploying more liquidity on Berachain. Community LPs will follow as emissions activate + once we start pairing BURR against various stable pairs for arbitrage liquidity.

Synergies with Other Protocols:

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

Yes, lending markets are first up.

Marketing / Promotion:

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

Yes. More assets will be paired with BURR in collaboration with asset issuers. As mentioned in a previous proposal here, the main goal is to use BURR as arbitrage liquidity between stablecoin pairs and BERA/BGT LSTs to increase volume by pairing stable assets against volatile assets. The wgBERA/BURR pool represents the next step in the bootstrapping on low TVL, exotic assets.

Long-Term Vision:

  • How could this reward vault evolve over time?

This reward vault will serve to grow liquidity for wgBERA and BURR, allowing BURR to serve as an arbitrage token between wBERA and wgBERA as highlighted above.

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]”

1 Like
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Smilee supports this proposal as Burrbear has proven already to be a good partner and a key protocol for decentralizing liquidity.

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Additional Details

Incentive Manager address for Token 2 (wgBERA): 0xb28BEde667acd985b6DfF27717CC008010947F8F

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Hi team, at the time of submission, the following concerns were identified:

  • Number of staking token holders is below the minimum threshold (Minimum over 100 Holders)
  • Pool liquidity is below minimum required threshold (Minimum of USD 100,000)
  • Please provide a more concise amount for your incentive allocation on monthly basis. The above response does not match the submitted typeform response. Please note that the incentive allocation needs to be at least $10,000 per month.

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.