General (non-BEX) RFRV
Reward Vault Request for Kodiak Island osBGT-iBERA-0.3%
Summary of RFRV Criteria
- Deployed Contract: Must already be live.
- Deployed Tokens: Must have the incentive tokens live.
- Economic Value: Show significant TVL, trading volume potential, or strategic benefit.
- Security: Use standard or audited contracts; tokens must be reputable.
- Decentralization: Each token in the pair must show sufficient decentralization.
- Transparency: Team/project info, audits, and open communication.
- Synergy: Integrate with or benefit the broader Berachain ecosystem.
- Community Support: Demonstrate genuine interest/demand.
- Operational Safety: Clear ownership, upgradeability details, and compliance considerations.
- Pair with a Major (Recommended for DEX pools): Major tokens are BERA, HONEY, BYUSD, USDC, wETH, and wBTC.
- Verification: The proposer should be affiliated with the protocol or at least one of the tokens in the contract
1. Proposer Details
- Proposer’s project name: OpenState
- Best Telegram Handle for questions/fixes: saferatios
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): osBGT (OpenState’s BGT LST)
- Protocol Details
- Protocol Name (Example: XYZ DEX): OpenState
- Protocol Type (DEX/Lending/Staking/Derivatives/Other): Derivatives
- If other: please specify
- Does the protocol have any relationship with current Berachain validators? No
- Contract/Pool Details
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Contract Name: Kodiak Island eWBERA-4-osBGT-0.3%
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Contract Address: 0x47134dD940b4FF64c3E4fa60f0A3EB7F177D0702
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Contract Type / Configuration: standard AMM pool
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Describe how the contract works: Kodiak Islands are ERC20-wrapped Kodiak V3 positions specifically designed to “always in-range” for Berachain Proof of Liquidity.
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Contract Fees: 0.3% trading fee tier
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Is the contract upgradable? No.
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Contract Control: Multisig
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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.
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Is the contract verified? Yes.
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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.
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Does the contract rely on oracles? No.
4. Token Details
Provide the following details for each token in the contract (up to 5):
For Non Major Tokens:
Token 1:
- Name: osBGT
- Symbol: osBGT
- Contract address: 0xD2C41BF4033A83C0FC3A7F58a392Bf37d6dCDb58
- Tokenomics: osBGT can be minted with iBGT through the PSM
- Identify any address(es) controlling more than 10%
(address / type: team, foundation, investor, etc.): The Kodiak osBGT-iBERA pool (0x3Bc7D023Ed3bd4e3CAEC29fdfe1b19Df28B202e8)
Token 2:
- Name: eWBERA-4
- Symbol: eWBERA-4
- Contract address: 0xCaa70d2aa873Ef057980844e18D9a9560bdfFcC0
- eWBERA-4 is the receipt token of WBERA being lent on Euler’s Tulipa Folding Hive Market
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: osBGT
- Symbol: osBGT
Additional Requirements:
- Specify how many tokens you plan to allocate for incentives and over what period of time. Up to 10,000 osBGT per week for at least the first 3 months.
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.). Multi-sig
- Incentive Manager address: 0x9134788B8175AC82F40d2949666Eb8366F7D7E39
Required Data for Incentive Token:
- Name: eWBERA-4
- Symbol: eWBERA-4
Required Data for Incentive Token:
- Name: WBERA
- Symbol: WBERA
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
- This contract introduces the first pool to use a WBERA lending receipt token within a pool to improve its capital efficiency for LPs.
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
- Yes, osBGT is a BGT LST and eWBERA-4 can be redeemed for WBERA.
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
- Yes, this contract will ensure deep, capital-efficient liquidity for major assets on Berachain (osBGT, iBGT and WBERA).
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract.
- The osBGT-iBERA pool has scaled up to be over 10 Million in TVL with over 10 Million in total volume, we expect the eWBERA-4-osBGT pool to scale to similar levels.
- Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
- OpenState will help bootstrap the liquidity for the pool with its own treasury.
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
- Yes, the pool and underlyings will be integrated with Euler’s Tulipa Folding Hive, Infrared’s iBGT and Origami’s oriBGT.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
- Yes, this reward vault will also be integrated/supported by Infrared and Origami for those that want to stake their LP tokens with Infrared and Origami.
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 reward vault will be one of Openstate’s flagship vaults alongside osBGT-iBERA.