1. Proposer Details
- Email
- derek@reservoir.xyz
- Proposer’s project name
- Reservoir
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes)
- @reservoir_xyz
- Best Telegram Handle for questions/fixes
- @spacewhalecapital
- Affiliation (protocol / one of the tokens in the contract)
- Kodiak - $rUSD / $USDT0
- Reservoir - issuer of $rUSD
- Tether - issuer of $USDT0
2. Protocol Details
- Protocol Name (Example: XYZ DEX)
- Kodiak
- Protocol Type (DEX/Lending/Staking/Derivatives/Other)
- Dex
- Protocol X profile link
- @KodiakFi
- Protocol docs link
- Protocol audits links (multiple links)
- Does the protocol have any relationship with current Berachain validators?
- Yes
3. Contract/Pool Details
- Contract Name (Example: $EXAMPLE / $BERA)
- $rUSD / $USDT0
- Contract Address: Insert the contract address.
- 0x1fb6c1ade4f9083b2ea42ed3fa9342e41788d4b5
- Contract Type / Configuration: Is it a standard AMM pool, a lending pool, a derivatives pool, a custom contract
- Standard AMM pool
- Describe how the contract works (e.g., how to mint and redeem shares of the contract, if tokens can be exchanged within the contract…)
- Deposit rUSD / USDT0 into liquidity pool on Kodiak and can also redeem directly from the pool
- Contract Fees: Outline the fee structure (e.g., 10% of staking rewards)
- .05%
- Existing Liquidity / TVL: current liquidity and volume stats (if applicable).
- Liquidity - $101,000
- Volume - 0
- Identify any address(es) controlling more than 10% of the contract shares
(address / type: team, protocol-owned liquidity, etc.)- no
- Is the contract upgradable?
- no
- Contract Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
- Multisig, 3 signers.
- 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 HyperNative Security Monitoring system that has permission to pause using their real-time threat intelligence system. Unpause is controlled by the “manager” multisig described above.
- Does the contract rely on oracles?
- (If yes, explain oracle dependency)
- no
4. Token Details
Provide the following details for each token in the contract (up to 5):
For Major Tokens:
- Name - USDT0
- Symbol - $USDT0
- Contract Addresses
- Bera: 0x779Ded0c9e1022225f8E0630b35a9b54bE713736
- Eth: 0xdAC17F958D2ee523a2206206994597C13D831ec7
For Non-Major Tokens:
- Name - Reservoir Stablecoin
- Symbol - $rUSD
- Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address - Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
- n/a
- Identify any address(es) controlling more than 10%
(address / type: team, foundation, investor, etc.)- n/a
- Does the project issuing the token have any relationship with current Berachain validators?
- Yes
- If yes, which one?
- Infrared
- Total Supply Cap (if any)
- n/a
- Circulating Supply
- $51.1mm on Berachain, $85.03mm total
- Token Type:
(Governance, Utility, Memecoin, Stablecoin, LST, RWA, Other)- Stablecoin
- Provide extra details (e.g. Use case, Redemption mechanics, Peg stability)
- Swap rUSD <> USDT0, enabling users to swap rUSD and USDT0 natively on Berachain to use across different applications on Berachain (Goldilocks, Dolomite, Beraborrow, Euler, Infrared, Origami and others)
- Are token contracts upgradable?
- yes
- Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
- Permissionless
- Additional details on Token Control
- n/a
- 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.)
- Standard ERC20
- 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 - Bera
- Symbol - $wBERA
Additional Requirements:
- Specify how many tokens you plan to allocate for incentives and over what period of time.
- 15,000 BERA over 6 months
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.).
- DAO based governance decision
- 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)
- 0x5e102471d7084884836eE994877635c8399BD7b7
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
- Functions as a core stablecoin pool and facilitates swapping for use cases on several dApps on Berachain such as Dolomite, Euler, Goldilocks, Infrared etc.
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
- No
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
- Yes. It enables deep liquidity for lending out both rUSD and USDT0, levered looping, and liquidity for liquidations.
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract.
- $25m to $50m to begin while increasing overtime
- Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
- Several of our partners are ready to deploy once this goes live
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
- Yes (Dolomite, Euler, Infared, and Origami)
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
- Yes - Tether, Kodiak, Infrared
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.)
- Major stable pool for Bera
7. Verification
Please post the following text with the provided X account:
Submitted Reward Vault Request for rUSD/USDT0 on protocol Kodiak with incentive token wBERA