1. Proposer Details
- Email
- derek@reservoir.xyz
- Proposer’s project name
- Reservoir
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes)
- Best Telegram Handle for questions/fixes
- @spacewhalecapital
- Affiliation (protocol / one of the tokens in the contract)
- drUSD (Dolomite rUSD)
2. Protocol Details
- Protocol Name (Example: XYZ DEX)
- Dolomite
- Protocol Type (DEX/Lending/Staking/Derivatives/Other)
- Lending
- Protocol X profile link
- @Dolomite_io (https://x.com/Dolomite_io)
- Protocol docs link
- Protocol audits links (multiple links)
- Does the protocol have any relationship with current Berachain validators?
- Yes
3. Contract/Pool Details
- Contract Name (Example: $EXAMPLE / $BERA)
- $drUSD
- Contract Address: Insert the contract address.
- 0x3000c6bf0aaeb813e252b584c4d9a82f99e7a71d
- 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 rUSD into Dolomite
- Contract Fees: Outline the fee structure (e.g., 10% of staking rewards)
- No fees for depositing or withdrawing
- Existing Liquidity / TVL: current liquidity and volume stats (if applicable).
- Launched during Berachain’s genesis. Usage is just ramping up now.
- 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:
For Non-Major Tokens:
- Name - Reservoir Stablecoin
- Symbol - $rUSD
- 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
- $63.5m ($48m on Berachain)
- Token Type:
(Governance, Utility, Memecoin, Stablecoin, LST, RWA, Other)- Stablecoin
- Provide extra details (e.g. Use case, Redemption mechanics, Peg stability)
- PSM on ETH for 1:1 swaps with USDC, there is also a liquidity pool on Kodiak
- Are token contracts upgradable?
- yes
- 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
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:
- Token #1
- Name - wBera
- Symbol - $wBERA
- Token #2
- Name - Dolomite rUSD
- Symbol - $drUSD
- Address: 0x3000c6bf0aaeb813e252b584c4d9a82f99e7a71d
- Token Type: Lending Market receipt token, standard erc20
- Can the token be paused?
- No
Additional Requirements:
- Specify how many tokens you plan to allocate for incentives and over what period of time.
- 15,000 BERA over 6 months
- A portion of borrow revenues may go towards bribing validators
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.).
- DAO based governance decision
- 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)
- 0x5e102471d7084884836eE994877635c8399BD7b7
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
- rUSD will be a fantastic asset to lend on Dolomite. Already approved for emode, rUSD will be used for automated looping of srUSD, providing sustainable stablecoin yields within the Berachain ecosystem. Users can also borrow rUSD against many other assets on Dolomite. drUSD will be a key pillar of a robust stablecoin lending market.
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
- No.
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
- Yes it drives demand for rUSD in the Kodiak rUSD/Honey pool and the rUSD deposits on Dolomite will provide leverage for many other berachain tokens.
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract.
- $50mm+
- Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
- Several of our partners are ready to deploy once this goes live
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 Dolomite and Infrared. Dolomite will accumulate more lending liquidity for rUSD, which will increase staking rates for srUSD and make looping more desirable.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
- Yes - Dolomite + Infrared
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.)
- Major source of leverage for berachain assets and consistent source of yield
- Eventually drUSD deposited in PoL will be a collateral asset to borrow against
7. Verification
Please post the following text with the provided X account:
Submitted Reward Vault Request for $drUSD on protocol Dolomite with incentive token wBERA