General (non-BEX) RFRV Reward Vault Request for Kodiak Island AIBERA-WBERA-0.3%

General (non-BEX) RFRV

Reward Vault Request for Kodiak Island AIBERA-WBERA-0.3%

1. Proposer Details

  • Email: contact@honey.fun
  • Proposer’s project name: HoneyFun AI
  • Proposer’s X account: https://x.com/honeydotfun
  • Best Telegram Handle for questions/fixes: @benlo_honey

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

For example if the contract is a $EXAMPLE / $BERA pool on XYZ DEX, the proposer should be affiliated with the protocol (XYZ DEX) or one of the tokens in the pool (in this case, $EXAMPLE).

  • Affiliation (protocol / one of the tokens in the contract): HoneyFun AI
  1. Protocol Details
  • Protocol Name: HoneyFun AI
  • Protocol Type (DEX/Lending/Staking/Derivatives/Other): Other: Token Generation Platform (Pump.fun style) and AI Agent hub with BeraXBT being the first one.
  • Protocol X profile link: https://x.com/honeydotfun
  • Protocol docs link: https://docs.honey.fun/
  • Protocol audits links (multiple links): DocSend
  • Does the protocol have any relationship with current Berachain validators?: No.

  1. Contract/Pool Details
  • Contract Name: Kodiak Island WBERA-AIBERA-0.3% (KODI WBERA-AIBERA)
  • Contract Address: 0x217B9476Ecd8783C59ED0ed64C359B8F2b9cCd3a
  • Contract Type / Configuration: Kodiak Island
  • Describe how the contract works: Kodiak Islands are ERC20-wrapped Kodiak V3 positions specifically designed to “always in-range” for Berachain Proof of Liquidity. See docs for details: Islands | Kodiak Finance
  • Contract Fees: 0.3%
  • Existing Liquidity / TVL: current liquidity and volume stats (if applicable): $115,000 Liquidity and $650k one-week DEX volume + $10m+ CEX volume
  • Identify any address(es) controlling more than 10% of the contract shares
    (address / type: team, protocol-owned liquidity, etc.):

- 0x58c1238d7F46B095455B61bB197e0dc658C8308A - Protocol-owned liquidity

  • Is the contract upgradable? No.
  • Contract Control: Multisig
  • Additional details on Contract Control: Contract controls are used by the “manager” of the Kodiak Island for permissioned rebalancing of the range to provide active liquidity.
  • Is the contract verified? Yes.
  • Can the contract be paused? Yes, for security reasons. Kodiak Islands are actively monitored by the HyperNative Security Monitoring system that has permission to pause using their real-time threat monitoring system. Unpause is controlled by the “manager” multisig described above.
  • Does the contract rely on oracles? No.

4. Token Details

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

For Major Tokens:
  • Name: Berachain
  • Symbol: BERA
For Non-Major Tokens:
  • Name: HoneyFun AI
  • Symbol: AIBERA
  • Contract Addresses (on Berachain and bridging addresses if cross-chain): 0xcc6a16bcfda7d0ebe168f69ef7b946e96a90e67f
  • Tokenomics, Distribution, and Vesting (links to official docs, website, etc.): Token Distribution | HoneyFun AI
  • Identify any address(es) controlling more than 10%:
  • 11.74% - Public Round Refund (from ChainGPT): 0x0882c099c7A4B8743A23d912E70d26Ee6dC22E99
  • 15.95% - Development and ecosystem:
    0x3c0143036341da4172feb570DFA70B219798852c
  • 12.3% - Liquidity:
    0x58c1238d7F46B095455B61bB197e0dc658C8308A
  • 14.79% - Seed:
    0x86E8c3BdFD2A9F282297846204fEC084531De288
  • 17.43% - Pre-Seed:
    0x6ed31ACB2dDd56725915C0A418d7798a68B3d67b
  • Does the project issuing the token have any relationship with current Berachain validators? No.
  • If yes, which one? N/A.
  • Total Supply Cap (if any): 100,000,000
  • Circulating Supply: 16,860,000
  • Token Type: Utility.
  • Provide extra details (e.g. Use case, Redemption mechanics, Peg stability):
  1. Some LP pairs for AI Agents created through our platform will be paired with $AIBERA (people will still have a choice to choose $BERA), turning it into the ETF for AI Agents on Berachain. Memecoins will still trade with $BERA.
  2. 100% of fees from volume and the platform will be allocated to staking/buybacks of $AIBERA.
  3. Governance
  4. Launchpool – by staking $AIBERA tokens, you can farm or pre-farm tokens of incubated projects.
  • Are token contracts upgradable? No.
  • Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance): DAO
  • 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.)
  • 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:

  • Name: Berachain
  • Symbol: BERA

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives: 1000 $BERA per week.
  • Specify for how many weeks you plan to allocate incentives: At least 26 weeks.
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.): DAO
  • 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): 0x56B9c6fB2Ef2a1aAb9A0Da9dFbba4baa0493B35a

  • Name: HoneyFun AI
  • Symbol: AIBERA

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives: 100,000 $AIBERA tokens (0.1% supply weekly)
  • Specify for how many weeks you plan to allocate incentives: At least 26 weeks.
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.): DAO
  • 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): 0x56B9c6fB2Ef2a1aAb9A0Da9dFbba4baa0493B35a

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?

Honeyfun AI is pioneering the co-ownership framework for AI agents specifically tailored for the Berachain ecosystem , focusing on defi, gaming and entertainment. We envision AI agents as pivotal revenue-generating entities in the future, as we believe the era of Utility AI Agents is just beginning, and in the coming years, their untapped potential across every field will be revealed.

The contract not only deepens the liquidity of the $BERA token, but also strengthens the position of AI Agents in Berachain ecosystem as $AIBERA will work as an index token.

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

It will deepen $BERA liquidity.

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

It enables to create custom tokens of AI Agents like BeraXBT, and memes, which attract community to Berachain.

Potential Volume / TVL:

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

We expect to attract between $800k - $1.2m liquidity and increase the weekly volumes to ~$1m.

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain? No.

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity? Not at this point.

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.)

HoneyFun AI is an AI Hub for Berachain, helping not only launching the projects’ tokens, but also providing unique AI solutions like BeraXBT.

As some LP pairs for AI Agents created through our platform will be paired with $AIBERA (people will still have a choice to choose $BERA), turning it into the ETF for AI Agents on Berachain. Strengthening $AIBERA liquidity will further strengthen AI Agent projects launching through our infrastructure.


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]”

Insert post link: https://x.com/honeydotfun/status/1910095593252270141

Hi team, thanks for the proposal.

Can you please help address the following issues?

  • protocol owned liquidity is 90%+ of the pool
  • Resubmit the incentive manager address

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.

2 Likes

Hello BeraLabs Team, thank you for your feedback.

Please find our responses below.

  1. The protocol-owned liquidity was added using project funds, that is why it currently makes up over 90% of the total liquidity for the $AIBERA-$BERA pair.

  2. All LP holders are members of our community whom we asked to provide liquidity. By doing so, they demonstrated their commitment to helping us meet the requirements.

  3. Currently, we do not offer incentives for providing LP. While building LP will be one of our main goals, we initially focused on providing value through single asset staking, which does not carry the risk of impermanent loss. That’s why our community members primarily choose this option and around 25% of the circulating supply is currently in staking.

  4. Our strategy involves shifting toward liquidity building after receiving emissions, creating various elements within our ecosystem that together form a coherent whole.

  5. The share of protocol-owned liquidity in the total liquidity staked in the reward vault will never exceed 40%, in accordance with the BGT emission program requirements.

AD 2:

Please find the incentive manager address which is our multisignature wallet, which we received our RFA allocation on, below:

0x3c0143036341da4172feb570DFA70B219798852c

2 Likes

Guys I waiting for this vault, any update what next ?

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

  • Pool liquidity is below minimum required threshold (Minimum of USD 100,000)
  • AIBERA is not tradable in a pool with at least $50K liquidity in a major asset. At the time of our review, WBERA liquidity in the pool is currently around $41K, whereas the minimum threshold needs to be at least $50K.

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.