General (non-BEX) RFRV
Reward Vault Request for dHONEY
1. Proposer Details
- Proposer’s project name
- Dolomite
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes)
- @dolomite_io
- Best Telegram Handle for questions/fixes
- @corey3
- Affiliation (protocol / one of the tokens in the contract)
- Yield-bearing HONEY that is deposited into Dolomite’s lending market (Dolomite HONEY)
- Protocol Details
- Protocol Name (Example: XYZ DEX)
- Dolomite
- Protocol Type (DEX/Lending/Staking/Derivatives/Other)
- Lending
- Protocol X profile link
- @Dolomite_io
- Protocol docs link
- Protocol audits links (multiple links)
- Does the protocol have any relationship with current Berachain validators?
- Yes
- Contract/Pool Details
-
Contract Name (Example: $EXAMPLE / $BERA)
- $dHONEY
-
Contract Address: Insert the contract address.
- 0x7f2B60fDff1494A0E3e060532c9980d7fad0404B
-
Contract Type / Configuration: Is it a standard AMM pool, a lending pool, a derivatives pool, a custom contract
- Lending pool
-
Describe how the contract works (e.g., how to mint and redeem shares of the contract, if tokens can be exchanged within the contract…)
- Deposit HONEY into Dolomite. It’s a standard 4626 token contract
-
Contract Fees: Outline the fee structure (e.g., 10% of staking rewards)
- No deposit/withdrawal fees. Dolomite currently charges a 20% reserve factor for borrowing. We may increase the reserve factor as high as 50% as we integrate HONEY into specific flywheels for looping stables. We will use the delta (50% minus our 20% rake for revenue) to pay for incentives. Thus we will pay for bribes using revenues.
- Our goal is to treat HONEY as our degen stable for yield farming with POL and keeping USDC as more “lindy”. Thus, speculators on POL can farm with HONEY and enjoyers of purely “real yield” can focus on USDC.
-
Existing Liquidity / TVL: current liquidity and volume stats (if applicable).
- Dolomite’s HONEY pool currently holds 18,061,471 HONEY and is the most liquid venue for supplying and borrowing HONEY on Berachain.
-
Identify any address(es) controlling more than 10% of the contract shares
(address / type: team, protocol-owned liquidity, etc.)- N/A
-
Is the contract upgradable?
- Yes
-
Contract Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
- It’s controlled by the owner of DolomiteMargin, which is a delayed multisig.
-
Additional details on Contract Control
-
Is the contract verified?
- Yes
-
Can the contract be paused?
- No
-
Does the contract rely on oracles?
- Yes, indirectly since the contract wraps around a user’s Dolomite Balance. Collateralization checks are skipped as long as transfers with a dToken are between accounts that do not have debt.
4. Token Details
Provide the following details for each token in the contract (up to 5):
For Major Tokens:
- Name - HONEY
- Symbol - $HONEY
- Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address - Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
- N/A
- Identify any address(es) controlling more than 10%
(address / type: team, foundation, investor, etc.)- N/A
- Does the project issuing the token have any relationship with current Berachain validators?
- Yes
- If yes, which one?
- Infrared, Kodiak
- Total Supply Cap (if any)
- N/A
- Circulating Supply
- $409M
- Token Type:
(Governance, Utility, Memecoin, Stablecoin, LST, RWA, Other)- Stablecoin
- Provide extra details (e.g. Use case, Redemption mechanics, Peg stability)
- N/A
- Are token contracts upgradable?
- N/A
- Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
- Permissionless
- Additional details on Token Control
- N/A
- 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
(If custom, provide a link to an audit.)
- Standard ERC20
- Can the token be paused?
- No
For Non-Major Tokens:
5. Token / Project Background / Incentive Token Whitelist
Only 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 Token:
- Name - Wrapped BERA
- Symbol - $wBERA
Additional Requirements:
- Specify how many tokens you plan to allocate for incentives and over what period of time.
- Up to 1,000,000 BERA per year. The amount of BERA will start very low and will grow as we get organic traction on key flywheels we’re building out with other asset issuers.
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.).
- A portion of revenues from borrow fees will be used to purchase wBERA on the open market and used to incentivize validators. Our current planned incentives are based on a portion of the reserve factor being used to pay validators. If interest rates fall or the amount of borrowing declines drastically, the amount of revenue used to pay for incentives will decline accordingly.
- 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)
- 0xa75c21C5BE284122a87A37a76cc6C4DD3E55a1D4
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
-
How will this contract benefit Berachain?
-
Dolomite’s HONEY pool is the most liquid place to lend and borrow HONEY on Berachain. Our goal is to redistribute some of the protocol revenues to validators to encourage Dolomite users to acquire BGT. As of right now, our users don’t have a direct way to access the opportunities made available by POL. With our upcoming polToken release, users will also be able to borrow against polHONEY tokens (Dolomite lent HONEY that is deposited into POL), and continue to unlock their equity in the assets they deposit into POL. This pool will be a crucial step in using protocol revenues to incentivize liquidity and enable dynamic collateral on Dolomite.
-
Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
- Yes
-
Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
- Yes it will catalyze further trading for HONEY pools on DEXs.
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract.
- We hope to further deepen supply-side liquidity so we can support more borrowing. We’d love to hit our current supply cap of 100M HONEY
- Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
- Users and partners have expressed interest in depositing their Dolomite liquidity (dHONEY) into POL.
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
- Yes this will feed into Infrared.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
- Yes, potentially with Infrared and Reservoir.
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.)
- This will be a major source of leverage for native Berachain exposure.
- This pool will help accelerate the great migration of stablecoins to Berachain
- Eventually dHONEY deposited in PoL will be a collateral asset to borrow against (
polHONEY)
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]”
Submitted Reward Vault Request for dHONEY on protocol Dolomite with incentive tokens WBERA
Final Reminder
A successful RFRV hinges on demonstrating:
- Security: Low smart contract and token risk.
- Demand: Community and liquidity providers want this pair.
- Ecosystem Benefit: Increases volume, TVL, or strategic positioning for Berachain.
Make sure to cover these points clearly to maximize your chances of passing the governance vote / RFRV!