General (non-BEX) RFRV
Reward Vault Request for OHM-HONEY
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
- Proposer email: 0xMop.smilee@gmail.com
- Proposer project name: Smilee Finance
- Proposer X account: https://x.com/SmileeFinance
- Best Telegram handle for question/fixes: @OxMop94
- Affiliation: wgBERA
2. Protocol Details
- Protocol Name: Burrbear
- Protocol Type: DEX
- Protocol X profile link: https://x.com/moneygoesburr
- Protocol docs link: https://docs.burrbear.io/
- Protocol audits links:
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Does the protocol have any relationship with current Berachain validators? No
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Pool/Contract Details
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Contract Name: wgBERA:NECT Generalized Pool
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Contract Address: 0xE416C064946112c1626D6700D1081a750B1B1Dd7
- Contract Type / Configuration: AMM
- Describe how the contract works
forked Weighted Pool of Balancer v2 - Generalized Pool | BurrBear
- Contract Fees: Outline the fee structure (e.g., 10% of staking rewards)
0.3% Fees on swaps
- Existing Liquidity / TVL:
$130k TVL, $45k volume as of 2/26/25 - BurrBear
- Identify any address(es) controlling more than 10% of the contract shares
(address / type: team, protocol-owned liquidity, etc.)
- Is the contract upgradable?
No
- Contract Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
Multisig
- Additional details on Contract Control
will switch to governance once BURR token launched
- Is the contract verified? Yes
- Can the contract be paused? Yes (Swaps can be paused during emergency scenarios, but removing liq will always be functional)
- Does the contract rely on oracles? No
4. Token Details
Token 1:
- name: Nectar
- symbol: NECT
- Contract Addresses (on Berachain and bridging addresses if cross-chain):
token / address
0x1cE0a25D13CE4d52071aE7e02Cf1F6606F4C79d3
- Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
- Identify any address(es) controlling more than 10%
(address / type: team, foundation, investor, etc.)
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Does the project issuing the token have any relationship with current Berachain validators? Yes
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If yes, which one?
In talks with the following (and more): -
Infrared
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Kodiak
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THJ
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Validation Cloud
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TTT Labs
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Nocturnal Labs
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Total Supply Cap (if any): N/A
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Circulating Supply
27,056,785
- Token Type:
(Governance, Utility, Memecoin, Stablecoin, LST, RWA, Other)
Stablecoin
- Provide extra details (e.g. Use case, Redemption mechanics, Peg stability)
CDP overcollateralised stablecoin inspired heavily by the Liquity design
- Are token contracts upgradable? No
- Token Control: Multisig
- Additional details on Token Control:
compromised of a 4/6 signer threshold
- Is the token contract verified? Yes
- Is the token a standard ERC20 or any functions have been customized? Custom
- Can the token be paused? No
2. Token 2:
- name: Wrapped gBERA
- symbol: wgBERA
- Contract Addresses (on Berachain and bridging addresses if cross-chain):
Berachain / 0xD77552D3849ab4D8C3b189A9582d0ba4C1F4f912 - Tokenomics, Distribution, and Vesting
- Identify any address(es) controlling more than 10%
- Does the project issuing the token have any relationship with current Berachain validators? Yes
- If yes, which one? Smilee validator
- Total Supply Cap (if any)
- Circulating Supply: 3,565,859.67
- Token Type: LST
- Provide extra details
gBERA provides a decentralized liquid staking token for $BERA. wgBERA is a non-rebasing ERC4626-compliant alternative that increases in value relative to the underlying gBera.
It will be possible redeeming 1:1, once withdrawals will be enabled on Berachain network, until then unstaking from gBera won’t be possible. There is no mechanism in place to guarantee the peg, people can swap in and out using the liquidity pool. Amplification parameter is 750.
- Are token contracts upgradable? No
- Token Control: Permissionless
- Additional details on Token Control
- Is the token contract verified? Yes
- Is the token a standard ERC20 or any functions have been customized?
wgBERA is an ERC4626. convertToShare and convertToAsset functions have been adjusted to account for rewards accrued into gBERA (rebasing ERC20). Both wgBERA and gBERA designs are based on that of a standard LST.
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Can the token be paused? No
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Incentive Token Details
Incentive Token 1
- name: BERA
- symbol (if the name and symbol match one of the tokens already provided or a major token, skip the next steps)
BERA
- Specify how many tokens you plan to allocate for incentives and over what period of time.
1225 BERA per week, for 7 weeks
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.).
multi-sig
- 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)
0x0907f733BF15f62c71ABE65C71b3A8BCaEe64275
Incentive Token 2
- name: Wrapped gBERA
- symbol (if the name and symbol match one of the tokens already provided or a major token, skip the next steps)
wgBERA
- Specify how many tokens you plan to allocate for incentives and over what period of time.
1225 BERA per week, for 7 weeks
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.).
multi-sig
- 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)
0xb28BEde667acd985b6DfF27717CC008010947F8F
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Growth, Community & Ecosystem Impact
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Why this contract matters?
- increase chain security, since it will increase the amount of BERA staked
- favour decentralization, since it will introduce a crucial LST competitor
- increase BERA utility and capital efficiency
- The contract will deepen liquidity for BERA
- The pool will be one of the main liquidity hubs for wgBERA which will be integrated in several Berachain dapps.
The pool also aims to improve liquidity for NECT.
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Potential Volume / TVL
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TVL Estimate: $700,000
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There are no liquidity commitments at the moment from the partners, as we plan to growth the pool organically by adding on top a huge incentive campaign both from BurrBear, Smilee and Beraborrow. This will be one of the main pool for all the three protocols involved as - for different aspects - it is the starting point of a deeper collaboration.
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Synergies with other protocols
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Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
wgBERA will be integrated in yield aggregators, lending markets and derivatives protocol. Deep liquidity will be key for safe and successful integration.
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Marketing / Promotion
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Are there plans to co-market with another project to bootstrap liquidity?
Yes, BurrBear, Smilee and Beraborrow will periodically post on Twitter to highlight the incentive campaign is about to be built on this pool. Plus, we’re aiming to do an AMA together (all the three protocols) to better communicate the value behind the pool and the future of these three partners. This pool is also the starting point of the collaboration between Beraborrow and Smilee to use gBERA as collateral to mint NECT.
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Long-Term Vision
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How could this reward vault evolve over time? (E.g., eventually becoming a core liquidity pair or a major stable pool for the chain.)
gBERA will be one of the core LSTs for the chain, integrated in multiple DEXs, lending markets, derivatives protocols and consumer applications. It will also be the backbone of Project Infinitee - the next iteration for Smilee, aka validator-as-a-service and custom LST for everyone (similar to Sanctum on SOL). Coming in Q2, this infrastructure will strongly leverage the deep liq and the importance of gBERA as the core asset of this project.
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Verification
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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]”