Proposer’s Email: matteo@smilee.finance
Proposer’s project name: Smilee Finance
Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): https://x.com/SmileeFinance
Best Telegram Handle for questions/fixes: @OxMop94
Your Protocol Name: Smilee Finance
Protocol Description: The first PoL-native LST, wgBERA: the best yield booster across Berachain.
Protocol URL (link to dApp): https://app.smilee.finance/
Protocol Logo URL (image must be 1024x1024 and non-transparent otherwise may DELAY metadata, please link directly to the logo image and not use a google folder URL): smileee-logoooone hosted at ImgBB — ImgBB
Vault Name: Smilee Incinerator
Reward Vault Address: 0xA5b34Ecc898c86eDE225160100726C3b2852E890
Logo URL: Vault Image used for Staking Token Image (1024x1024 and non-transparent other may DELAY metadata): smilee-incinerator hosted at ImgBB — ImgBB
Staking Token Contract Address: 0x34054679536B60406328eda38617Cd027b9E3D30
Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply: As $SMILEE is not yet live as a token, we are posting there the wgBERA one, which will be used as a main incentive token together with wBERA: Address Identification Template (MAKE YOUR OWN COPY TO USE) - Google Sheets
Is the Staking Token located on BEX? No.
Specify the protocol where the Staking Token is located (Ex: BEX, Kodiak, YourOwnProtocol): Custom code, Smilee.
Link to where the Staking Token is located: https://berascan.com/address/0xA5b34Ecc898c86eDE225160100726C3b2852E890
Audit link(s) of the protocol where pool is located: Audit Reports | gBERA by Smilee Finance
Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in base asset, which can be a major ecosystem asset): The SMILEE/wgBERA pool will deploy with more than 100,000$ in its first week. This is an Incinerator, so there is no TVL as it is a dummy token receiving BGT.
Describe how a user should acquire this staking token: Users are not able to acquire the staking token, they must acquire SMILEE to be rewarded from the buy and burn mechanism.
Reward Duration Manager address: 0xb28BEde667acd985b6DfF27717CC008010947F8F
List Tokens Names: wBERA, wgBERA
List Tokens Symbols: Wrapped BERA, Wrapped gBERA
List Contracts Addresses (on Berachain and bridging addresses if cross-chain): 0xD77552D3849ab4D8C3b189A9582d0ba4C1F4f912 (wgBERA) / 0x6969696969696969696969696969696969696969 (wBERA)
What is the name and token symbol of your first incentive token? Wrapped gBERA, wgBERA
Specify how many tokens per week you plan to allocate for incentives, Incentive Token 1: 750 wgBERA per week at minimum
Specify for how many weeks you plan to allocate incentives, Incentive Token 1: At least 8 weeks.
Outline how decisions about token incentives are made (DAO, multi-sig, etc.).This question is required: Multi-sig
Incentive Manager Address: 0xb28BEde667acd985b6DfF27717CC008010947F8F
What is the name and token symbol of your second incentive token? Wrapped BERA, wBERA
Specify how many tokens per week you plan to allocate for incentives, Incentive Token 1: 750 wBERA per week at minimum
Specify for how many weeks you plan to allocate incentives, Incentive Token 1: At least 8 weeks.
Outline how decisions about token incentives are made (DAO, multi-sig, etc.).This question is required: Multi-sig
Incentive Manager Address: 0xb28BEde667acd985b6DfF27717CC008010947F8F
Why This Contract Matters:
1. How will this contract benefit Berachain? By providing a constant, strong buyback & burn pressure to the $SMILEE token, the first token from a Build a Bera project to be released soon (next week, as you can see from this announcement: https://x.com/SmileeFinance/status/1990918082999488922 ). We really think that a strong ecosystem token could drive a beneficial force within the community and, reflectively, on the alpha asset (BERA).
2. Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)? It will not directly, but it will increase the appetite for the $SMILEE token and therefore the liquidity for the main Island SMILEE/wgBERA on Kodiak (available as soon as the token will be available).
3. Does it enable important trading pairs that drive adoption or integrate with other Berachain projects? Yes, as the $SMILEE token will be paired with wgBERA, which is an asset tied to the most exotic yet main tokens within the chain such as swBERA and ewBERA.
Potential Volume / TVL:
1. Provide metrics or estimates on liquidity you expect to attract: At least 150,000 BGT per year. **
2. Highlight any known liquidity commitments. (If you or partners plan to seed the pool, provide proof of funds or a statement of intent.):** Smilee Validator will point a part of their BGT emission (up to max, aka 30%) towards the Smilee Incinerator.
Synergies with Other Protocols: No.
Marketing / Promotion: Heavy marketing strategy from Smilee, Steady Teddys, which have been all over the Twitter timeline with their strategic announcements about the $SMILEE token.
Long-term vision: This Incinerator is the foundational layer of the $SMILEE token, as it heavily relies on a buyback and burn mechanic that is constantly expanded within its mechanic (from the Caveau to the buyback & burn from Swappee and Beranames revenues).