General (non-BEX) RFRV Reward Vault Request for Kodiak Island osBGT-iBERA-0.3%

Reward Vaults
1

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

  • Email: pengu@openstate.com
  • Proposer’s project name: OpenState
  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): https://x.com/openstatefdn
  • 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)
  1. Protocol Details
  • Protocol Name (Example: XYZ DEX): OpenState
  • Protocol Type (DEX/Lending/Staking/Derivatives/Other): Derivatives
    • If other: please specify
  • Protocol X profile link: https://x.com/openstatefdn
  • Protocol docs link: Page | OpenState
  • Protocol audits links (multiple links): ElectiSec Audit
  • Does the protocol have any relationship with current Berachain validators? No
  1. Contract/Pool Details
  • Contract Name: Kodiak Island osBGT-iBERA-0.3%
  • Contract Address: 0x3Bc7D023Ed3bd4e3CAEC29fdfe1b19Df28B202e8
  • Contract Type / Configuration: standard AMM pool
  • 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% trading fee tier
  • Existing Liquidity / TVL: current liquidity and volume stats (if applicable). Currently $110k TVL
  • Identify any address(es) controlling more than 10% of the contract shares

0x80A22137f5087bd1177e562e7bF7E8F29b5359Cd / Community User

  • 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 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: iBERA
  • Symbol: iBERA
  • Contract address: 0x9b6761bf2397Bb5a6624a856cC84A3A14Dcd3fe5

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: iBERA
  • Symbol: iBERA

Additional Requirements:

  • Specify how many tokens you plan to allocate for incentives and over what period of time. Unknown
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.). Multi-sig
  • Incentive Manager address: 0x9134788B8175AC82F40d2949666Eb8366F7D7E39

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?
    • This contract will offer a more capital-efficient liquidity solution for the existing WBERA-iBGT pool and enhanced yield by pairing with iBERA.
  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
  • Yes, osBGT is a BGT LST and iBERA is a BERA LST.
  • 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 iBERA).

Potential Volume / TVL:

  • Provide metrics or estimates on liquidity you expect to attract.
    • The goal is to match in liquidity depth and volumes of the existing WBERA/iBGT pool.
  • Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
    • There is already $110k+ of TVL in the pool and $200k+ committed by OpenState for incentives

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 Infrared’s iBGT and iBERA 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 that grows into being the deepest, most capital-efficient and in-range liquidity pool for two major assets (BERA and BGT).

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/OpenStateFdn/status/1910061553677648234?t=iKzr0gNjZVZoLzL2WQCGBQ&s=19

Final Reminder

A successful RFRV hinges on demonstrating:

  1. Security: Low smart contract and token risk.
  2. Demand: Community and liquidity providers want this pair.
  3. 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!

4 Likes
2

Hi team, thanks for the proposal.

Can you please help address the following issue?

  • Number of token holders is below the minimum threshold (Minimum over 100 Holders)

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
3

Since going live just a few days ago, we have increased our LP holders to a level above the minimum threshold.

Please find the following link supporting: BeraScan

4

This is a weird proposal. Docs completely empty. No source of information about the project, and it seems there’s no txs happening on any of the tokens related with OpenState.

5

What is this project even about, docs are empty and there’s no info anywhere

6

Thanks team. Could you also comment on the lack of docs pointed out by people in the comments?

1 Like
7

bm bm, documentation has been updated here

To give a TLDR on osBGT for those wanting more context:

  • osBGT acts as an aggregator of BGT LSTs, it aims to connect liquidity across various LSTs through a mix of PSMs and third party LPs such as the one being proposed here (osBGT-iBERA)
  • The starting PSM of osBGT is using Infrared’s iBGT and Origami’s oriBGT vault, more will be added overtime as clear winners emerge from the BGT wars.
  • Users can already swap in and out of osBGT with any size and without fees: OpenState
  • osBGT is now listed in OogaBooga with a PSM integration coming later

If there are any other questions on osBGT and its mechanics please don’t hesitate to ask.

1 Like
8

Raito from Infrared here. Myself and the team are in full support of OpenState’s RFRV request for Kodiak Island osBGT-iBERA-0.3%

We view this as a strong, value additive initiative for the Berachain ecosystem. This new vault would create a capital efficient liquidity solution between $osBGT ($iBGT) and $iBERA, two key LSTs that directly feed value back to $BERA.

Infrared is committed to co-incentivizing the vault with $iBERA alongside OpenState’s commitment to bribe with $osBGT and we’re aligned on the long term vision of this becoming a deep sustainable source of liquidity for the Berachain ecosystem.

This will help deepen markets for $iBGT and $iBERA increase protocol stickiness and support broader DeFi integrations which will be a net benefit to all participants across the stack and eco.

1 Like
9

Berastotle from Kodiak - also very excited to see innovative new BGT wrappers - the first of its kind where both sides of the LP are yield bearing assets (iBGT and iBERA). Given the reward tokens are the same as the two tokens being LPd, this pool would be eligible for Kodiak’s autoBGT program as well.

1 Like
10

on what basis was this reward vault for a project without a social media presence, website or docs at the time of request approved? it also looks like some token dust was manually transferred to a number of addresses afterwards to increase token holders past minimum threshold

just trying to understand the process and how stringent the council guidelines are/what can be expected moving forward, thanks