1. Proposer Details
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Proposer’s project name: TermMax
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Proposer’s email: weiting.chen@tkspring.com
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Proposer’s X account: https://x.com/weitingchentw
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Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts): @weitingchentw
The proposer should be affiliated with the protocol or at least one of the tokens in the contract.
2. Protocol Details
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Your Protocol Name: TermMax
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Protocol Description: TermMax is a fixed-rate lending/borrowing protocol with one-click looping and isolated markets.
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Protocol audits links: Audit Reports | TermMax
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Protocol URL (link to dApp): https://app.termmax.ts.finance/borrow?chain=berachain
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Protocol Logo URL (image must be 1024x1024 and non-transparent): https://docs.ts.finance/~gitbook/image?url=https%3A%2F%2F3496430163-files.gitbook.io%2F~%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252Fbey3QqLkQrkCxlgDKPaz%252Fuploads%252FaCutPqnE9SFI9NCCUM7I%252FTermMax%2520Logomark_Color.png%3Falt%3Dmedia%26token%3Dd8cb05f6-55ee-4d29-bd19-851198513dac&width=768&dpr=1&quality=100&sign=dd06d77e&sv=2
3. Reward Vault and Staking Token Details
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Vault Name: HONEY Boost Yield Vault
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Reward Vault Address: 0x77f4eaa387ec3881340ec0796f9b2450406a4d4c
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Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply. Template: https://docs.google.com/spreadsheets/d/1Bs-GCAftWx3uhC5RQLLq5s-UYGqzZah-AnkQ0gxJMaY/edit?gid=0#gid=0
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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: TermMax
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Link to where the Staking Token is located: https://app.termmax.ts.finance/earn/berachain/0xd07f1862ae599697cdcd6fd36df3c33af25fd782?chain=berachain&persistChain=1
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Existing Liquidity / TVL: $109,971.799
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Describe how a user should acquire this staking token:
They deposit HONEY into this vault, and in return, they will receive a vault share (recipient token).
4. Tokens Information
For each token in the pool/staking token, please provide
Deposit Token
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Name: Honey
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Symbol: HONEY
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Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0xFCBD14DC51f0A4d49d5E53C2E0950e0bC26d0Dce
Vault Share Token
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Name: ORGMC-HONEY
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Symbol: ORGMC-HONEY
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Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0xd07f1862ae599697cdcd6fd36df3c33af25fd782
5. Incentive Tokens
Only up to three 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:
Incentive Token 1
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Name: wrapped BERA
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Symbol: WBERA
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Token Contract Addresses: 0x6969696969696969696969696969696969696969
Incentive token 2:
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Name: Honey
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Symbol: HONEY
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Token Contract Addresses:
0xfcbd14dc51f0a4d49d5e53c2e0950e0bc26d0dce
Incentive token 3:
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Name: Infrared BGT
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Symbol: iBGT
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Token Contract Addresses:
0xac03CABA51e17c86c921E1f6CBFBdC91F8BB2E6b
Additional Requirements:
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Specify how many tokens per week you plan to allocate for incentives: $10,000 per Month
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Specify for how many weeks you plan to allocate incentives: 15 weeks
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Outline how decisions about token incentives are made: 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): 0x313660F9b9bdF5E061dE7892C7927208E4F8080F
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
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How will this contract benefit Berachain?
There is no fixed-rate borrowing protocol on Berachain, and this vault will serve as a liquidity sink for patient HONEY holders who want to earn with it. -
Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
Only indirectly, as the borrowed HONEY will likely be used to purchase other assets on Berachain, thereby generating more transaction fees for the DEXs. As a result, more LPs come in to provide liquidity. -
Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
Yes, as the borrowed HONEY will likely be used on a DEX, such as BEX, to purchase tokens from other projects.
Potential Volume / TVL:
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Provide metrics or estimates on liquidity you expect to attract: 5M TVL
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Highlight any known liquidity commitments.
- In partnership with validator Infrared and DeFimans, We will launch co-marketing campaigns focused on expanding TVL.
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
Yes, as it’s a vault that will be used to serve borrowers with different collateral on Berachain. Therefore, the existence of this vault will make other Berachain assets, say LST, usable as collateral on TermMax.
Additionally, the vault’s idle assets will flow to Bend to earn variable rates while waiting for borrowers on TermMax; as such, the rewards spent here will also increase Bent.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
Yes, with Infrared and Origami Crypto
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 initial incentives + passive yields from Bend will help us attract some liquidity to bootstrap the vault. Then, the interest paid by borrowers should significantly increase the yields provided by the vault, attracting more lenders, and the flywheel should then become self-sufficient.