Request for $rUSD / $HONEY Rewards Vault

Reward Vaults
1

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BM, we are thrilled to announce our formally submitted proposal to create the $rUSD / $HONEY reward vault.

We are here to answer any community questions or feedback!

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1. Proposer Details

  • Proposer’s project name
    • Reservoir
  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes)
  • Affiliation (protocol / one of the tokens in the contract)
    • Kodiak - $rUSD / $HONEY
    • Reservoir - issuer of $rUSD
  1. Protocol Details
  1. Contract/Pool Details
  • Contract Name (Example: $EXAMPLE / $BERA)
    • $rUSD / $HONEY
  • Contract Address: Insert the contract address.
  • Contract Type / Configuration: Is it a standard AMM pool, a lending pool, a derivatives pool, a custom contract
    • Standard AMM pool
  • Describe how the contract works (e.g., how to mint and redeem shares of the contract, if tokens can be exchanged within the contract…)
    • Deposit rUSD / Honey into Liquidity pool on Kodiak and can also redeem directly from the pool
  • Contract Fees: Outline the fee structure (e.g., 10% of staking rewards)
    • .05%
  • Existing Liquidity / TVL: current liquidity and volume stats (if applicable).
    • Liquidity - 16.95m
    • Volume - 2.2m
  • Identify any address(es) controlling more than 10% of the contract shares
    (address / type: team, protocol-owned liquidity, etc.)
    • No
  • Is the contract upgradable?
    • No
  • Contract Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
    • Multisig, 3 signers.
  • Additional details on Contract Control
    • Contract controls are used by the “manager” of the Kodiak Island for permissioned rebalancing of the range to provide active liquidity.
  • Is the contract verified?
    • Yes
  • Can the contract be paused?
    • Yes, for security reasons. Kodiak Islands are actively monitored by HyperNative Security Monitoring system that has permission to pause using their real-time threat intelligence system. Unpause is controlled by the “manager” multisig described above.
  • Does the contract rely on oracles?
    • No

4. Token Details

For Major Tokens:
  • Name - Honey
  • Symbol - $HONEY
For Non-Major Tokens:
  • Name - Reservoir Stablecoin
  • Symbol - $rUSD
  • Contract Addresses (on Berachain and bridging addresses if cross-chain):
    chain / address
  • Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
    • n/a
  • Identify any address(es) controlling more than 10%
    (address / type: team, foundation, investor, etc.)
    • n/a
  • Does the project issuing the token have any relationship with current Berachain validators?
    • Yes
  • If yes, which one?
    • Infrared
  • Total Supply Cap (if any)
    • n/a
  • Circulating Supply
    • $48m ($14.9m on Berachain)
  • Token Type:
    (Governance, Utility, Memecoin, Stablecoin, LST, RWA, Other)
    • Stablecoin
  • Provide extra details (e.g. Use case, Redemption mechanics, Peg stability)
    • Swap rUSD <> Honey, enabling users to swap rUSD natively on Berachain to use across different applications on Berachain (Goldilocks, Dolomite, Beraborrow, and others)
  • Are token contracts upgradable?
    • Yes
  • Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
    • Permissionless
  • Additional details on Token Control
    • n/a
  • Is the token contract verified?
    • Yes
  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…)
    • Standard ERC20
  • Can the token be paused?
    • No

5. Token / Project Background / Incentive Token Whitelist

Required Data for Incentive Token:

  • Name - Bera
  • Symbol - $BERA

Additional Requirements:

  • Specify how many tokens you plan to allocate for incentives and over what period of time.
    • 28,324 BERA over 6 months (from RFA)
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.).
    • DAO based governance decision

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?
    • Functions as a core stablecoin and simple swapping across several dApps on Berachain such as Goldilocks, Dolomite, etc. Integrations such as Goldlilocks enable rUSD to be one of the highest yielding USD denominated assets not only on Berachain but also across DeFi.
  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
    • Yes
  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
    • Yes. For example, rusd/rusd OT from Goldilocks. Another example is for users who want to lend on Dolomite and for liquidations requiring rUSD liquidity.

Potential Volume / TVL:

  • Provide metrics or estimates on liquidity you expect to attract.
    • $25m to $50m to begin while increasing overtime
  • Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
    • Several of our partners are ready to deploy once this goes live

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
    • Yes - Dolomite, Beraborrow, Infared, and Origami

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity?
    • Yes - Dolomite, Beraborrow, LayerZero, Infrared, and Goldilocks

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.)
    • Core liquidity and stable pair on Berachain
    • rUSD becomes highly composable across the ecosystem and hold it to earn PoL rewards

7. Verification

Please post the following text with the provided X account:

Submitted Reward Vault Request for $rUSD/$HONEY on protocol Kodiak with incentive token BERA

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Pool has been Whitelisted Reservoir rUSD | HONEY | Reward Vault | BeraHub