1. Proposer Details
Proposer’s project name: Beraborrow
Proposer’s email: kobble@beraborrow.com
Proposer’s X account: https://x.com/beraborrow
Best Telegram handle: @Kob_Class
2. Protocol Details
Protocol Name: Beraborrow
Protocol Description:
Beraborrow unlocks instant liquidity against Berachain assets through the first PoL-powered stablecoin, Nectar ($NECT). Designed with simplicity and flexibility at its core, Beraborrow enables users to maximize capital efficiency without sacrificing yield.
Protocol Audits: Audits | Beraborrow
Protocol URL: https://app.beraborrow.com/
Protocol Logo: Beraborrow Logo
3. Reward Vault & Staking Token Details
Vault Name: HONEY | NECT Kodiak Island
Reward Vault Address: 0xe1a6fd249035a3a97eae6b867b694e494b36eb14
Staking Token Address: 0xde8819788bb9dbfa7855ab8cd3e761a716d098ff
Vault Type: Charm Vault
Link to Vault: Kodiak Finance
Existing Liquidity / TVL: Initial liquidity to be seeded at $100,000, with target growth to $2 million+ TVL over the next few weeks
Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply: https://docs.google.com/spreadsheets/d/15LuHtyLkttP4iLBybWkFBjVOKQckw-g6Hd6OqMGZ80o/edit
How to Acquire the Staking Token:
Users can provide liquidity for the NECT/HONEY pair on kodiak
4. Tokens Information
Token 1 (Stablecoin):
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Name: Nectar
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Symbol: NECT
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Address: 0x1cE0a25D13CE4d52071aE7e02Cf1F6606F4C79d3
Token 2 (Major Token):
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Name: HONEY
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Symbol: HONEY
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Address: 0xFCBD14DC51f0A4d49d5E53C2E0950e0bC26d0Dce
5. Incentive Tokens
Incentive Token 1
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Name: HONEY
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Symbol: HONEY
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Address: 0xFCBD14DC51f0A4d49d5E53C2E0950e0bC26d0Dce
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Amount: All trading fees via kodiaks auto BGT
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Incentive manger: 0xde4571361873a8a7b2337997ed63f4982befad41
Governance Model: Incentive decisions managed via multisig, with community proposals influencing future adjustments.
Incentive Token 2
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Name: NECT
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Symbol: NECT
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Address: 0x1cE0a25D13CE4d52071aE7e02Cf1F6606F4C79d3
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Amount: All trading fees via kodiaks auto BGT
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Incentive manger: 0xde4571361873a8a7b2337997ed63f4982befad41
Governance Model: Incentive decisions managed via multisig, with community proposals influencing future adjustments.
Incentive Token 3
Name: POLLEN
Symbol: POLLEN
Contract Address: 0xc99e948e9d183848a6c4f5e6c1d225f02f171d79
Type: Governance Token
Total Supply Cap: 420,000,000
Circulating Supply: 45,992,248
Identify any address(es) controlling more than 10% (address / type: team, foundation, investor, etc.): POLLEN HOLDERS - Google Sheets
Control: permissionless
Contract Verified: Yes (Standard ERC20)
Pause Functionality: No
Tokenomics: What is POLLEN? | Beraborrow
Purpose:
POLLEN enables decentralised governance and liquidity incentives within the Beraborrow ecosystem. It powers Proof of Liquidity mechanisms to drive NECT adoption and aligns long-term incentives across Berachain participants.
Additional Requirements:
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Specify how many tokens per week you plan to allocate for incentives: 300,000 POLLEN per week
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Specify for how many weeks you plan to allocate incentives: We plan to incentivise indefinately but 12 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) 0xde4571361873a8a7b2337997ed63f4982befad41
6. Growth, Community & Ecosystem Impact
Why This Contract Matters
Why This Contract Matters:
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How will this contract benefit Berachain? This contract Deepens liquidity for NECT which helps facilitate more leverage in the berachain DeFi eco.
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Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)? yes for HONEY.
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Does it enable important trading pairs that drive adoption or integrate with other Berachain projects? yes
Potential TVL and Volume:
We expect this pool to scale well in excess of $2m
Marketing and Promotion
Beraborrow and Kodiak will jointly promote this vault across X, Telegram, and Discord.
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.