Request for PLUG/BERA Reward Vault on Beradrome

1. Proposer Details

  • Email: beraplug@gmail.com
  • Proposer’s project name: Beraplug
  • Proposer’s X account: @sparkythebera
  • Best Telegram Handle for questions/fixes: please use Discord: sparkythebera
  • Affiliation: Founder of Beraplug
  1. Protocol Details

  1. Contract/Pool Details
  • Contract Name: Beradrome Kodiak PLUG-WBERA-V2

  • Contract Address: 0xE8b92cd9771ebaad873A8E1b1B55404aECfDBc9d

  • Contract Type / Configuration: Custom contract

  • Describe how the contract works: Tokens are minted and redeemed when users deposit and withdraw liquidity pool tokens from the PLUG/BERA v2 liquidity pool on Kodiak.

  • Contract Fees: No fees

  • Existing Liquidity / TVL: At the time of writing, the vault has $426,000 TVL from 58 depositors

  • Identify any address(es) controlling more than 10% of the contract shares:

    • 0x09bb5ee4c5f5d1d5d958271361a075548e293809: Beraplug Treasury
    • 0x7bfee91193d9df2ac0bfe90191d40f23c773c060: Independent community member
  • Is the contract upgradable?: No

  • Contract Control: Permissionless

  • Additional details on Contract Control: n/a

  • Is the contract verified?: Yes

  • Can the contract be paused?: No

  • Does the contract rely on oracles?: No


4. Token Details

Provide the following details for each token in the contract (up to 5):

For Major Tokens:
  • Name: BERA
  • Symbol: BERA
For Non-Major Tokens:
  • Name: Beraplug
  • Symbol: PLUG
  • Contract Addresses (on Berachain and bridging addresses if cross-chain):
    • Berachain: 0x231A6BD8eB88Cfa42776B7Ac575CeCAf82bf1E21
    • Ethereum: 0x231A6BD8eB88Cfa42776B7Ac575CeCAf82bf1E21
    • Base: 0xDe737ab7b9DfcB6B1A3b4bab5365517e3cf15e75
  • Tokenomics, Distribution, and Vesting: plugonomics | Beraplug Community Docs
  • Identify any address(es) controlling more than 10%:
    • Bera:0x09BB5eE4C5f5d1d5d958271361a075548e293809: Treasury; 16.5% of crosschain supply
    • Eth:0x2CDE9919e81b20B4B33DD562a48a84b54C48F00C: Team vesting; 16.4% of crosschain supply
  • Does the project issuing the token have any relationship with current Berachain validators?: Yes, through partnerships
  • If yes, which one?: THJ, Beradrome and ApiologyDAO
  • Total Supply Cap (if any): 3,300,000,000
  • Circulating Supply: 3,166,128,284
  • Token Type: Memecoin
  • Provide extra details: n/a
  • Are token contracts upgradable?: No
  • Token Control: Multisig
  • Additional details on Token Control: 2-of-3 multisig among core team
  • Is the token contract verified?: Yes
  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…): LayerZero OFT v1 standard
  • 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:

  • PLUG (described above)
  • HONEY

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain? PLUG was the first Berachain ecosystem ERC20. It launched on Ethereum over a year ago, built from day 1 with custom functions to support an eventual one-way, permanent migration to Berachain, which it has now completed.
  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)? PLUG has already migrated almost $1M liquidity from ETH, USDC, and PEPE on Ethereum to BERA, HONEY, NECT, and HENLO on Berachain. A majority of this liquidity is in the BERA pair, 99.98% of which is staked in this vault. Therefore, we anticipate that enabling BGT rewards to this vault, combined with PLUG’s native holder rewards that favor liquidity providers, will further increase liquidity for BERA.
  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects? If whitelisted, PLUG will use the incentives earned by its protocol owned BGT to deepen liquidity in key pairs. We already have pairs with NECT, RAMEN, HENLO, and BM, and will grow these and add others over time.

Potential Volume / TVL:

  • Provide metrics or estimates on liquidity you expect to attract: We already have $426k liquidity in this vault without BGT rewards, and that amount roughly doubled when we launched our Beradrome vault with oBERO rewards. We anticipate it will again double or more with the addition of BGT rewards.
  • Highlight any known liquidity commitments: n/a

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain? This contract is a Beradrome plugin. Depositors will stack oBERO and BGT rewards.

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity? We will co-market with our partners THJ and Beradrome.

Long-Term Vision:

  • How could this reward vault evolve over time?: No plans to evolve it directly

7. Verification

Please post the following text with the provided X account:

“Submitted Reward Vault Request for Beradrome Kodiak PLUG-WBERA-V2 on protocol Beradrome with incentive tokens PLUG, HONEY”

https://x.com/SparkyTheBera/status/1897502111450968537

4 Likes

+1 Trickfinger approves

Seems like a good vault

Tax tokens are misunderstood as the classic way (dump the tokens collected from tax) scares investors away. The combination of Beradrome + PoL + POL achieves a multipler effect on bribes while not causing direct sell pressure for the tax token itself. Deflation, yield, LP growth and team payment is perpetually ensured thanks to arbitrage between our pools. A growing treasury meks sure that $PLUG can never go to 0 → these pools will always have value and volume.

Accepting this request would allow Plug to enter a new era and show the world that Berachain is the perfect playground for innovative DeFi / Memecoin experiments

Plug has been live for 396 days now and has a strong community and a loyal team

Bls gib

Yours truly,
SJ

1 Like

agree here, think its pretty easy to look at plug’s history of delivering an innovative flywheel that clearly understands PoL from their launch which was airdrop based over a year ago. Using the tax to shore up the treasury and dedistribute to people “playing” the game has worked thus far and would only be supercharged by being whitelisted on top of being a trojan horse for people outside berachain to buy a “meme” coin and then be forced to understand POL. tldr: plug sux

1 Like

PLUG is gud for THJ and for Beradrome, part of the culture with good potential

1 Like

I’ve been plugged in while waiting for this reward vault.
plugs sucks but gud meme flywheel

brownhole points(never got honeycomb sucks), sweep mechanism and 5% tax can make sustainable flywheel and sucks meme.

plug gud

1 Like

as plug maxi, I need more yield for plug

Ive been plugged and therefore i support

Pool has been whitelisted