General (non-BEX) RFRV Reward Vault Request for LiquidRoyalty: Senior Tranche (snrUSD)

Reward Vaults
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1. Proposer Details

2. Protocol Details

3. Reward Vault and Staking Token Details

  • Vault Name: LiquidRoyalty - Senior Tranche

  • Reward Vault Address: 0xFB1515f30C59a5ACeBdfD67DBa6028F30AcC7EAf

  • Logo URL: Senior logo hosted at ImgBB — ImgBB

  • Staking Token Address: 0x49298F4314eb127041b814A2616c25687Db6b650

  • Is the Staking Token located on BEX? No

  • Specify the protocol where the Staking Token is located: LiquidRoyalty

  • Link to where the Staking Token is located: liquidroyalty.com/

  • Existing Liquidity / TVL: $2mil

  • Describe how a user should acquire this staking token: Stake USDe via LiquidRoyalty

  • Reward Duration address: 0xd81055AC2782453cCC7FD4f0bC811EEF17D12Dd7

This address will manage the Reward Vault duration, i.e. the number of days over which BGTs are distributed to stakers. Note that:

  • default duration is 7 days - i.e. BGTs are distributed over 7 days.

  • it can be adjusted within a range of 3 to 7 days.

  • changing the duration affects your vault’s APR.

4. Tokens Information

For each token in the pool/staking token, please provide

  • SailOut Royalty | SAIL.r | 0x59a61b8d3064a51a95a5d6393c03e2152b1a2770

  • Ethena USD | USDe | 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34

5. Incentive Tokens

Only up to three 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 Tokens:

Incentive Token 1

  • Name: SailOut Royalty

  • Symbol: SAIL.r

  • Address: 0x59a61b8d3064a51a95a5d6393c03e2152b1a2770

  • Tokenomics, Distribution, and Vesting: docs.liquidroyalty.com

  • Identify any address(es) controlling more than 10%: 0x10f4f9325b3f170f4E2c049567C19c4e877D48FA - Protocol managed address used for seeding initial liquidity of SAIL.r/USDe kodiak pool

  • Does the project issuing the token have any relationship with current Berachain validators? No

  • Circulating Supply:1,500,000

  • Token Type: RWA

  • Are token contracts upgradable? Yes

  • Token Control: Multisig

  • Additional details on Token Control: Token owned by multi-sig vault controlled by multiple distinct stakeholders protocol

  • Is the token contract verified? Yes

  • Is the token a standard ERC20 or any functions have been customized? Standard

  • Can the token be paused? Yes

Incentive Token 2

  • Name: Ethena USD

  • Symbol: USDe

  • Token Contract: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34

Incentive Token 3

  • Name: Senior Tranche

  • Symbol: snrUSD

  • Address: 0x49298F4314eb127041b814A2616c25687Db6b650

  • Tokenomics, Distribution, and Vesting: docs.liquidroyalty.com

  • Identify any address(es) controlling more than 10%: NA

  • Does the project issuing the token have any relationship with current Berachain validators? No

  • Circulating Supply: 2,022,564

  • Token Type: RWA

  • Are token contracts upgradable? Yes

  • Token Control: Multisig

  • Additional details on Token Control: Token owned by multi-sig vault controlled by multiple distinct stakeholders protocol

  • Is the token contract verified? Yes

  • Is the token a standard ERC20 or any functions have been customized? Standard

  • Can the token be paused? Yes

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives

    • The snrUSD is a rebasing (via airdrop) token that provides yield between 11-13% APY, when snrUSD is sitting in RV, all yield will be directed as PoL incentives

  • Specify for how many weeks you plan to allocate incentives

    • Perpetually

  • Outline how decisions about token incentives are made: Multi-sig

  • Incentive Manager address: 0xd81055AC2782453cCC7FD4f0bC811EEF17D12Dd7

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?

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

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

    • Senior Tranche is the most conservative tranche of our vault products that invest 100% in our RWA LPs sitting in Kodiak, currently with 200%+ backing to guarantee yield of 11% APY for stakers

    • Our liquidity pool on Kodiak is real-world cashflow commitment paired with stablecoin (USDe), both are 100% de-correlated with $BERA volatility (even DeFi volatility in general). The bigger the pool grows, the more “liquidity premium” we can provide to merchant’s business valuation, the more stablecoin we can on-ramp from these real-world businesses into PoL bribes

Potential Volume / TVL:

  • We already have seeded $2mil of liquidity with the staking token

Synergies with Other Protocols:

  • Senior Tranche, a rebasing (via airdrop) synthetic stable that has over 200%+ backing, we are looking to integrate with Dolomite and Infrared to customise yield farming strategies

Marketing / Promotion:

  • We have already boostrapped the liquidity. Marketing wise we have engaged multiple berachain-native influencers including “Amy on Bera”," “DeFi Ted”, and “0xFent”

Long-Term Vision:

  • How could this reward vault evolve over time?

  • Initially snrUSD is a synthetic stable, with backing ratio that triumphs all stablecoin on the market - in the future, we intend to integrate lending protocols like Dolomite to boost APYs, with minimal liquidation risks and attract more liquidity to berachain and LiquidRoyalty protocol - and eventually the default stablecoin yield exposure by showing better yield than competing products

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]”

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!