Summary of RFRV Criteria
- Deployed Contract: Must already be live.
- Deployed Tokens: Must have the incentive tokens live.
- Economic Value: Show significant TVL, trading volume potential, or strategic benefit.
- Security: Use standard or audited contracts; tokens must be reputable.
- Decentralization: Each token in the pair must show sufficient decentralization.
- Transparency: Team/project info, audits, and open communication.
- Synergy: Integrate with or benefit the broader Berachain ecosystem.
- Community Support: Demonstrate genuine interest/demand.
- Operational Safety: Clear ownership, upgradeability details, and compliance considerations.
- Pair with a Major (Recommended for DEX pools): Major tokens are BERA, HONEY, BYUSD, USDC, wETH, and wBTC.
- Verification: The proposer should be affiliated with the protocol or at least one of the tokens in the contract
1. Proposer Details
- Email: bullabear1@gmail.com
- Proposer’s project name: Bulla Exchange
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes) @BullaExchange
- Best Telegram Handle for questions/fixes: @bullabear_fi
The proposer should be affiliated with the protocol or at least one of the tokens in the contract.
For example if the contract is a $EXAMPLE / $BERA pool on XYZ DEX, the proposer should be affiliated with the protocol (XYZ DEX) or one of the tokens in the pool (in this case, $EXAMPLE).
- Affiliation (protocol / one of the tokens in the contract): Founder of Bulla Exchange
- Protocol Details
- Protocol Name: Bulla Exchange
- Protocol Type (DEX/Lending/Staking/Derivatives/Other):
- DEX
- Protocol X profile link: https://x.com/bullaexchange
- Protocol docs link: https://docs.bulla.exchange/
- Protocol audits links (multiple links): Audits | Bulla
- Does the protocol have any relationship with current Berachain validators? We have team telegram chats open with both Infrared and THJ.
- Contract/Pool Details
- Contract Name: aWBERA-HONEY
- Contract Address: 0xb5d46214f4ec7f910cb433e412d32ee817986e90
- Contract Type / Configuration: Standard V4 AMM Pool with automated liquidity management and hook potential
- Describe how the contract works: Users deposit the base assets of BERA and HONEY and receive a proportionate amount of ERC-20 LP tokens in return. Those assets are then deployed to the Algebra Integral concentrated liquidity AMM pool where they are actively managed around the current price. Those assets can then be redeemed for the ERC-20 LP tokens.
- Contract Fees: LPs earn trading fees from the fees accrued from the liquidity position. 30% of the fees will be used as bribes to validators. The fees will be earned in the form of WBERA and HONEY from the swaps that accrue in the liquidity position.
- Existing Liquidity / TVL: Currently $165K of liquidity in the pool. (Bulla - Leading DEX on Berachain). Within the last 24 hours $950K of volumes and $404 of fees were generated.
- Identify any address(es) controlling more than 10% of the contract shares
(address / type: team, protocol-owned liquidity, etc.): The team/protocol owns less than 10% of the liquidity. In the link above, 0x6f73c41dcb658a15e2faa14d2f575960586fe462 and 0xe5bd64bf97c4fea40df98317aa35a200cf905b71 own more than 10% of the liquidity each, but they are members of the Berachain public who are supplying liquidity. - Is the contract upgradable? No
- Contract Control: (Multisig/Single Owner/RBAC/Permissionless/Governance): Multisig
- Additional details on Contract Control: The contract is permissionless to deposit/withdraw. Only deposits may be paused and withdrawals can never be paused. Active management of liquidity is controlled by Gamma Strategies, and rebalances are further proxied via a RebalanceProxy contract which dictates the extent to which liquidity may be rebalanced. The contract is noncustodial in that the admin only has rebalancing/compounding rights and cannot migrate the liquidity or withdraw liquidity to any other address but the LP token holder.
- Is the contract verified? Yes
- Can the contract be paused? Only deposits, not withdrawals
- Does the contract rely on oracles?
- Yes, the deposit proxy contract (UniProxyETH.sol) uses the Algebra Integral TWAP oracle, among 3 other safety measures, to ensure that price change prior to a deposit isn’t too high to protect deposits from price manipulation.
4. Token Details
Provide the following details for each token in the contract (up to 5):
For Major Tokens:
- Name: BERA
- Symbol: BERA
For Major Tokens:
- Name: HONEY
- Symbol: HONEY
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
- (if the name and symbol match one of the tokens already provided or a major token, skip the next steps)
- Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address - Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
- Identify any address(es) controlling more than 10%
(address / type: team, foundation, investor, etc.) - Does the project issuing the token have any relationship with current Berachain validators?
- Total Supply Cap (if any) and Circulating Supply
- Token Type:
(Governance, Utility, Memecoin, Stablecoin, LST, Other) - If either token is a native stablecoin, LST, or governance token, provide extra details on Use case, Redemption mechanics, Peg stability
- Are token contracts upgradable?
- Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
- Additional details on Token Control
- Is the token contract verified?
- Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…)
(If custom, provide a link to an audit.) - Can the token be paused?
Additional Requirements:
- Specify how many tokens you plan to allocate for incentives and over what period of time.
- We plan to allocate 30% of the weekly fees every week indefinitely as bribes to the validator
- At current, the weekly fees for the past week was $3306 (source: Bulla - Leading DEX on Berachain)
- 30% of that is $991.8 in WBERA and HONEY
- $495.9 in WBERA / week (based on current metrics)
- $495.9 in HONEY ./ week (based on current metrics)
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.): Multisig
- 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)
- 0x8Ec9F5d1d44b49431ddbdAEd9bad2dAbD4920f37
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
How will this contract benefit Berachain?
This contract will bolster liquidity for the WBERA-HONEY pair, a vital trading pair on the Berachain network. Given that both HONEY and BERA are key blue-chip assets, maintaining a deep liquidity pool for BERA will help stabilize its value and create deep liquidity while offering a dependable yield source for DeFi users. Additionally, it will enhance the efficiency of BERA liquidations in lending markets.
With a high Fees/TVL ratio, this liquidity pool already generates strong returns. Strengthening these fees with sustainable yield will further enhance the value and utility of both BERA and HONEY.
Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
Yes. By pairing HONEY with BERA, this contract will contribute to deeper liquidity for BERA across the network.
The existing Bulla Exchange BERA/HONEY position is currently the most efficient on the network, and an actively managed position on Berachain will be even more capital efficient (source: Dexscreener).
Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
Yes. As one of the largest liquidity pools on Berachain, this BERA/HONEY pool is likely to become the primary trading route for BERA. Strengthening BERA’s liquidity will also enhance the usability of HONEY across the ecosystem. Also BERA is the main gas token, so having additional liquidity for BERA will allow others to more easily bridge and take part in DeFi on Berachain.
Potential Volume / TVL:
-
Provide metrics or estimates on liquidity you expect to attract.
- Currently the pair is generating > $900k volumes and > $800 in fees per day on only $150k of TVL which makes it extremely efficient.
- We expect the POL integration to bring more volumes to the HONEY/BERA trading route.
- Assuming conservatively that HONEY issuance increases by more adoption, we can expect at least a 2-3x increase in TVL.This is a conservative estimate given that Berachain only has just started.
- Additionally, we are integrating with Brevis’s zk-coprocessor which will allow LPs to receive Bulla Points while being staked in the POL Rewards Vaults, so we can bolster the fees earned from the vaults that will be directed to validators for bribes.
-
Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
- We plan to incentivize this LP with Bulla Points to get initial liquidity in the vaults
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
- Yes, this pool will be the primary trading route for HONEY/ BERA given that it currently has one of the most efficient liquidity pools on the market in terms of volumes / TVL, so it facilitates collateral integrations with lending markets such as Beraborrow, Dolomite, and others. Additionally, any protocol that depends on BERA liquidity can benefit from having more efficient liquidity in this key trading route.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
- Yes, Ooga Booga has let us know that they plan on listing high yield products on their frontend. They have also been a great partner and proponent thus far in promoting the capital efficiency of Bulla Exchange
- Gamma Strategies who is our main automated liquidity partner will also list this pair on their own frontend and promote the yield across their socials
Long-Term Vision:
- Over time, this reward vault has the potential to evolve into a key pillar of liquidity on the chain, potentially becoming a core trading pair or a major stable pool.
- Currently, this pair serves as one of the primary trading routes on Ooga Booga and is positioned as the core liquidity pool for BERA. Its capital efficiency, combined with dynamic fee adjustments and range optimizations, allows it to seamlessly adapt to market conditions without requiring liquidity migration. For trades under 1,500 USD, the Bulla pool manages to capture 69% of the volumes.
- Looking ahead, we envision this reward vault becoming one of the top sources of yield for BERA and HONEY, attracting other yield-generating protocols to build on top of it. Yield farmers and protocols could develop pseudo-delta neutral strategies by providing liquidity to the BERA-HONEY pair while simultaneously shorting BERA on a perpetual DEX.
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]”
Insert post link: https://x.com/BullaExchange/status/1900394463362769283
Final Reminder
A successful RFRV hinges on demonstrating:
- Security: Low smart contract and token risk.
- Demand: Community and liquidity providers want this pair.
- 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!