RFRV - Reward Vault Request for Concrete WBTC Vault
1. Proposer Details
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Proposer’s project name: Concrete
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Proposer’s email: nadim@blueprintfinance.com
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Proposer’s X account (you will be required to make a post from the X account provided for verification purposes) @ConcreteXYZ
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Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts): @nadz6
The proposer should be affiliated with the protocol or at least one of the tokens in the contract.
- Protocol Details
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Your Protocol Name: Concrete
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Protocol Description:
Concrete is the DeFi Liquidity MetaLayer - a suite of DeFi products that power secure, automated yield vaults (on-chain and CEX strategies) and enable the creation of new derivatives for any on-chain asset through tokenized deposits.
The Concrete Product suite consists of DeFi strategy vaults, a native money market, and liquidation protection in the form of fixed term credit facilities.
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Protocol audits links: Audits | Concrete Docs
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Protocol URL (link to dApp): https://app.concrete.xyz/
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Protocol Logo URL (image must be 1024x1024 and non-transparent): 1024LogoConcrete.png - Google Drive
- Reward Vault and Staking Token Details
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Vault Name (Example: iBGT on Infrared): Concrete WBTC Vault
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Reward Vault Address: (insert only the contract address): 0x335e7b56054F830883D1509AFDce58DedceFb29C
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Logo URL: Vault Image 1024x1024 and non-transparent: 1024LogoConcrete.png - Google Drive
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Staking Token Address: 0x0555E30da8f98308EdB960aa94C0Db47230d2B9c
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Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply. N/A
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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 (Ex: BEX, Kodiak, YourOwnProtocol): BEX, Kodiak
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Link to where the Staking Token is located: https://kodiak.finance/
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Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in a major ecosystem asset): It’s a major
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Describe how a user should acquire this staking token: A user can swap or bridge
4. Tokens Information
For each token in the pool/staking token, please provide
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Name: WBTC
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Symbol: $WBTC
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Token Contract Addresses (on Berachain and bridging addresses if cross-chain): Berachain / 0x0555E30da8f98308EdB960aa94C0Db47230d2B9c
5. Incentive Tokens
Only up to 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 Tokens:
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Name: WBTC
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Symbol: $WBTC
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(if the name and symbol match one of the tokens already provided or a major token, skip the next steps)
Additional Requirements:
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Specify how many tokens per week you plan to allocate for incentives: Concrete Vaults can automatically compound the rewards from their underlying allocation to be redistributed in the form of the deposit token. Depending on the vault strategy, the amount of tokens redistributed as rewards in this way will vary.
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Specify for how many weeks you plan to allocate incentives: As long as the vaults are live.
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Outline how decisions about token incentives are made (DAO, multi-sig, etc.): Multi-sig
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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): Berachain Safe – Dashboard
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?: Concrete aims to be a key pillar of the Berachain ecosystem, having facilitated major pre-deposit campaigns and brought over $500M worth of liquidity into the ecosystem. This vault provides an easy option for Concrete users to keep earning using their assets that have now been bridged over, ensuring their retention and offering new strategies to accommodate different risk profiles.
Concrete Vault Shares, called ctAssets, are composable and can be re-used across the Berachain ecosystem, further deepening liquidity and capital efficiency. This is a major advantage of having the vaults on Berachain, as ctAssets will be accepted into Concrete’s own money market, and integrated widely across the ecosystem.
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Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?: Vaults directly deepen liquidity for their underlying token as they provide liquidity to AMMs and money markets on other protocols.
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Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?: Yes, Concrete vaults are an integral part of asset issuers’ strategies when it comes to bootstrapping trading pairs for their own assets and incentivising their adoption. They are necessary for the underlying assets to have significant liquidity on Berachain, which further enables adoption.
Potential Volume / TVL:
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Provide metrics or estimates on liquidity you expect to attract.: Individual vaults within Concrete’s pre-deposit campaigns attracted anywhere between $2M and $200M, which would be the expected range.
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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.): N/A
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?:
Concrete Vaults benefit other protocols on the Berachain ecosystem in two main ways:
Vaults deposit directly into AMMs (Kodiak, BEX), money markets (Kodiak, Dolomite) and other DeFi protocols (such as Pendle).
Similarly, the vault shares (ctAssets) can be integrated into all the aforementioned protocols to add to their utility, creating a clear liquidity flywheel where the vaults are multiplying the inflows they receive by being more capital efficient and composable. This benefits protocols who receive direct allocations and a wide range of ctAssets to integrate.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity? Yes, there will be co-marketing with all the destination protocols (Kodiak, Dolomite, Beraborrow, Pendle, etc.) as well as the relevant asset issuers.
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.): The exact vault strategy and allocation of the underlying funds will evolve over time to reflect the Berachain ecosystem maturing. As vaults receive more deposits and become more liquidity, their respective ctAssets become more valuable and will be more widely adopted across other protocols. ctAssets may evolve to be core assets within the Berachain ecosystem once they are highly liquid & enabled as collateral and integrated within yield splitting platforms. This creates a clear path for additional utility as the vaults become a core part of Berachain’s DeFi ecosystem.