Summary of RFRV Criteria
- Deployed Contract: 0xde04c469ad658163e2a5e860a03a86b52f6fa8c8
- Deployed Tokens: BYUSD, HONEY
- Economic Value: TVL $500M, a major stable pool enabling network activity.
- 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
- trogers@tridig.io
- @0xKuya
- TG: @tomrogers
- On behalf of BYUSD
2. Protocol Details
- Protocol Name N/A
- Protocol Type: N/A
- Protocol X profile link: N/A
- Protocol docs link: N/A
- Protocol audits links (multiple links): N/A
- Does the protocol have any relationship with current Berachain validators? N/A
3. Contract/Pool Details
- Contract Name BYUSD | HONEY
- Contract Address: 0xde04c469ad658163e2a5e860a03a86b52f6fa8c8
- Contract Type / Configuration:Standard BEX AMM pool
- Describe how the contract works: users deposit stables to LP, staking the resultant receipt token. Other users are able to swap through the pool.
- Contract Fees: 0.01%
- Existing Liquidity / TVL: $500M TVL; $233M lifetime volume
- Contract Control: Governance
- Is the contract verified? Yes
- 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: HONEY
-
Symbol: HONEY
-
Name: BYUSD
-
Symbol: BYUSD
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: BYUSD
-
Symbol: BYUSD
-
Name: HONEY
-
Symbol: HONEY
Additional Requirements:
- Specify how many tokens per week you plan to allocate for incentives:
- Up to $20-$30K per week, market dependent
- Specify for how many weeks you plan to allocate incentives
- 6 to 20 weeks market dependent
- Outline how decisions about token incentives are made:
- Multisig
- Incentive Manager address: 0xAc009eE5Bb212A17ceb9FC68553D54a18248EcB0
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
- BYUSD aims to be one of the core stablecoins in the ecosystem, to do so and encourage as much BYUSD backing HONEY as possible it is the aim of this program to continue to support deep liquidity for this pair.
- 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, furthers the ability to increase BYUSD backing share of HONEY
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract:
- Aims to keep liquidity as close to steady as possible from current state
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
- Plan to start with integration of Dolomite with this pair being the major liquidity source for liquidations.
Marketing / Promotion:
- None currently in place, some initial conversations happening around this topic.
Long-Term Vision:
- How could this reward vault evolve over time? Support of this pair may allow for deeper integration into the ecosystem by institutional players potentially including the acquisition of a BGT position and participation in boosting/governance.
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]”