1. Proposer Details
- Proposer’s project name: Kobble
- Proposer’s email: kobble@beraborrow.com
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): https://x.com/beraborrow
- Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts)
@Kob_Class
2. Protocol Details
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Your Protocol Name: Beraborrow
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Protocol Description: Beraborrow unlocks instant liquidity against Berachain assets through the first PoL powered stablecoin, Nectar ($NECT). Built with simplicity and flexibility at its core, Beraborrow is designed to maximise opportunities for users without forcing them to sacrifice yield.
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Protocol audits links: Audits | Beraborrow
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Protocol URL (link to dApp) https://app.beraborrow.com/
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Protocol Logo URL https://res.cloudinary.com/duv0g402y/image/upload/v1745505738/protocols/beraborrow.png
- Reward Vault and Staking Token Details
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Vault Name: NECT | USDT0 - Beraborrow
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Reward Vault Address: 0xf02d129C35F3b4BE77C15449e95000BAa13B85a0
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Logo URL:
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Staking Token Address: 0x8ef48ae9df6165acc9754297bf28f5877c229c03
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Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply: https://docs.google.com/spreadsheets/d/16Fy2xv9SZJD-T8_ukg0qpNu5Z6kyylfsawakSL4hnQk/edit?usp=sharing
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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: Kodiak
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Link to where the Staking Token is located: Kodiak Finance
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Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in a major ecosystem asset) 100k
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Describe how a user should acquire this staking token: LPing NECT-USDT0 as liquidity on Kodiak.
4. Tokens Information
For Non- Major Tokens:
- Name: Nectar
- Symbol: NECT
- Token Contract Addresses (on Berachain and bridging addresses if cross-chain): > 0x1cE0a25D13CE4d52071aE7e02Cf1F6606F4C79d3
For Major Tokens:
- Name - USDT0
- Symbol - $USDT0
- Contract Addresses
- Bera: 0x779Ded0c9e1022225f8E0630b35a9b54bE713736
- Eth: 0xdAC17F958D2ee523a2206206994597C13D831ec7
5. Incentive Tokens
Token 1 details
- Name: POLLEN
- Symbol: POLLEN
- Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address: 0xc99e948e9d183848a6c4f5e6c1d225f02f171d79 - Tokenomics, Distribution, and Vesting (links to official docs, website, etc.) What is POLLEN? | Beraborrow
- Identify any address(es) controlling more than 10% (address / type: team, foundation, investor, etc.): POLLEN HOLDERS - Google Sheets
- Does the project issuing the token have any relationship with current Berachain validators? Yes
- If yes, which one?: Infrared, THJ, Kodiak, Smillee, apDAO, Validation Cloud.
- Total Supply Cap (if any): 420,000,000
- Circulating Supply: 45,992,248
- Token Type: Governance
- If either token is a native stablecoin, LST, or governance token, provide extra details on Use case:
- POLLEN is the Beraborrow governance token, enabling active participation in the protocols governance and liquidity incentives.
- It serves as a way for the protocol to utliise Proof of Liquidity to further the adoption of NECT, without having to create a new rewards vault for every NECT (our stablecoin) use case.
- POLLEN is a means to increase exposure to Berachain governance through the utility of the Beraborrow protocol.
- Creating a flywheel where more NECT utility enables more users to use Beraborrow for leverage, thus increasing total interest rates/fees to the Rewards Vault meaning more value can be passed through to incentivise liquidity. And the flywheel repeats.* Are token contracts upgradable?
- Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
- Additional details on Token Control
- Is the token contract verified? Yes
- Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…) Yes - standard ERC20
- Can the token be paused? No
Token 2 details
- Name - Wrapped Bera
- Symbol - $wBERA
Additional Requirements:
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Specify how many tokens per week you plan to allocate for incentives: 400000 minimum
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Specify for how many weeks you plan to allocate incentives: We plan to incentivise indefinately but 8 weeks with the amount above and then we will look to shift to dyanmic incentives.
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Outline how decisions about token incentives are made (DAO, multi-sig, etc.). Multisig
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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) 0x0907f733BF15f62c71ABE65C71b3A8BCaEe64275
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain? This contract Deepens liquidity for NECT which helps facilitate more leverage in the berachain DeFi eco.
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)? yes for UST0.
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects? yes
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract. at least $3m early on
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain? yes
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity? Yes we will be working with the Kodiak and USDT0 team.
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 pool helps furthere the growth of NECT on berachain, helping unlock more liquidity for users looking to borrow. We plan for this pool to be one of the major stable pairs that helps support the growth of the protocol.
