GRQ-WBERA Reward Vault Proposal
Introduction
GRQ Protocol is requesting the whitelisting of the GRQ-WBERA reward vault to enhance liquidity incentives and strengthen integration with berachain’s Proof of Liquidity (PoL) ecosystem.
Protocol Overview
GRQ is a parody-powered financial experiment designed for degens, dreamers, and anyone who’s ever ignored a “DYOR” warning. Behind the meme-friendly exterior lies innovative tokenomics built to reward loyalty and create sustainable value.
As an advanced Tomb Finance fork, GRQ introduces several key innovations:
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Native Token Fee Mechanism: When users claim protocol rewards, they pay fees in berachain’s native token, creating a consistent flow of ecosystem value
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Proof of Liquidity Integration: These fees directly incentivize our berachain PoL reward vaults, connecting our protocol to the broader ecosystem governance
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Loyalty-Rewarding Design: Our unique mechanics reward long-term stakers while implementing measured disincentives for short-term speculation
How This Benefits berachain
Our protocol’s integration with PoL reward vaults creates a mutually beneficial relationship with the berachain ecosystem through several key mechanisms:
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Fee Recycling: Our innovative claim fee structure captures WBERA from users and directs it directly into PoL vaults, creating a continuous flow of native token incentives without requiring additional emissions from the project treasury.
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PoL Participation Expansion: By seamlessly onboarding our users to berachain’s PoL system, we introduce new participants who might otherwise not engage directly with governance or liquidity provision. This broadens the base of active ecosystem participants.
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Sustainable Liquidity Model: Unlike temporary incentive programs, our protocol creates persistent economic incentives for maintaining deep liquidity pools, supporting berachain’s broader goal of sustainable market depth and stability.
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Cross-Chain User Acquisition: As the first tomb fork on berachain, our initial focus is strategic user acquisition. We aim to attract as many experienced DeFi users as possible from other chains, effectively jumpstarting berachain’s defi degen ecosystem.
WBERA Liquidity Enhancement
Our protocol directly deepens WBERA liquidity through multiple mechanisms:
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WBERA Pair Concentration: Our primary liquidity pools pair with WBERA, creating significant and concentrated liquidity for the native ecosystem token.
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Fee-Driven Accumulation: Our protocol accumulates substantial WBERA through our claim fee mechanism and redirects these assets to further incentivize liquidity depth rather than converting to other assets.
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Compounding Incentives: The dual-reward structure (protocol rewards + BGT) creates compounding incentives for WBERA liquidity providers, making our pools increasingly attractive as the protocol scales.
Strategic Integration
Proof of Liquidity reward vaults represent a cornerstone of our protocol’s tokenomic design. These reward vaults serve multiple strategic purposes:
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Enhanced Yield Opportunities: By incorporating PoL vaults, we significantly enhance the attractiveness of our LP staking mechanism, offering competitive yields that exceed those of standalone protocols.
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Economic Flywheel: The integration establishes a self-reinforcing economic flywheel where stakers receive multi-layered rewards—protocol-native tokens supplemented by berachain’s BGT rewards—creating a compelling value proposition for liquidity providers.
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Ecosystem Alignment: This mechanism elegantly aligns our protocol with berachain’s governance and PoL frameworks, positioning our community as active participants in the broader ecosystem.
Technical Implementation
Our ShareRewardPool contract contains several innovative implementations:
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Native Fee Structure: Users pay a fee in native tokens (BERA) when claiming rewards, calculated based on the WBERA value of pending rewards.
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Flexible Oracle Implementation: Standard time-weighted average price (TWAP) functionality with added flexibility to handle early-stage liquidity conditions.
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TokenVault with Time-Based Accrual: Rewards are stored in a TokenVault with a time-based accrual system that ensures sustainable distribution.
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LP Token Delegation: LP tokens are delegated via
delegateStake
anddelegateWithdraw
functions, enabling users to earn additional rewards from berachain’s reward vaults.
Vault Details
- Vault Name: GRQ-WBERA on grq.institute
- Vault Address: 0xa7782ff04dE0E7F7084EedB364F485efeD3fcc49
- Staking Token: Kodiak v2 LP (0x68Cac522833F38E088EEC5e356956C02F0268063)
- Current TVL: ~$250K (approximately half in WBERA)
- Tokens in LP: GRQ (0xcA9088895e3390E503cac9ae95abaccdba20822e) and WBERA
Incentives Structure
- Incentive Token: WBERA
- Incentives: 5k USD worth of WBERA, followed by mid 4-figures weekly
- Incentive Duration: Minimum one year
- Source of Incentives:
- Project treasury
- Automated protocol fee recycling (collected when users claim GRQ rewards)
- Incentive Management: 4/5 multisig (0xdeF74728ACA131b0Fd4Eb1d829124bA1E1dFc920)
Conclusion
We believe the GRQ-WBERA reward vault represents a win-win addition to the berachain ecosystem. It combines user acquisition with sustainable liquidity mechanisms while integrating deeply with berachain’s innovative PoL framework.
We’re excited to work with the berachain community to implement this reward vault and contribute to the growing DeFi ecosystem.
RFRV: GRQ-WBERA Reward Vault Request
1. Proposer Details
- Proposer’s project name: Get Rich Quick
- Proposer’s email: grqdev@proton.me
- Proposer’s X account: https://x.com/grqbera
- Best Telegram Handle for questions/fixes: Telegram: Contact @jayne_cobb
2. Protocol Details
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Protocol Name: Get Rich Quick
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Protocol Description:
A parody-powered financial experiment designed for degens, dreamers, and anyone who’s ever ignored a “DYOR” warning.
GRQ is a tomb finance fork with innovative mechanics. Leveraging a novel fee system and PoL reward vaults.
With fees collected in native tokens when users claim protocol rewards, we incentivize our corresponding reward vaults.
This allows us to reward loyal stakers and penalize short term investors.
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Protocol audits links:
- Genesis Contract: GRQ Protocol - Security Audits
- Core Protocol: Due Friday, will add to governance thread
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Protocol URL: GRQ - Get Rich Quick Institute
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Protocol Logo URL: https://github.com/grq-institute/static/blob/main/Logo%20-%20Black%20Background.png?raw=true
3. Reward Vault and Staking Token Details
- Vault Name: GRQ-WBERA on grq.institute
- Reward Vault Address: 0xa7782ff04dE0E7F7084EedB364F485efeD3fcc49
- Logo URL: https://github.com/grq-institute/static/blob/main/Icon_GRQ_Vault.png?raw=true
- Staking Token Address: 0x68Cac522833F38E088EEC5e356956C02F0268063
- Staking Token Holder Addresses: Google Sheet Link
- Is the Staking Token located on BEX: No
- Protocol where the Staking Token is located: Kodiak v2 LP
- Link to Token Location: UniswapV2Pair | Address 0x68cac522833f38e088eec5e356956c02f0268063 | BeraScan
- Existing Liquidity/TVL: 250k, half of that in WBERA (might fluctuate due to price and switch from Genesis to Regular farms)
- How users acquire this staking token: Farm or buy GRQ token, add Liquidity on Kodiak. Optionally farming on our ShareRewardPool (right now GenesisPool)
4. Tokens Information
Token 1
- Name: GetRichQuick
- Symbol: GRQ
- Token Contract Address: 0xcA9088895e3390E503cac9ae95abaccdba20822e
Token 2
- Name: Wrapped Bera
- Symbol: WBERA
- Token Contract Address: 0x6969696969696969696969696969696969696969
5. Incentive Tokens
- Name: Wrapped Bera
- Symbol: WBERA
Additional Requirements
- Token allocation plan:
- Incentives will come from two sources:
- Project treasury
- Protocol fee recycling (dynamic)
- Depends on the project’s success but can create a flywheel
- Estimate: Initial injection of 10k USD worth of WBERA, then weekly mid 4-figures
- Incentives will come from two sources:
- Allocation timeframe: Minimum one year
- Decision making process: The incentive allocation from our protocol fees will be fully automated and on-chain (Fee collector distributes the incentives to the RewardVault). Our governance will kick in once our share token is live (The weekend of April 18 '25)
- Incentive Manager address: 0xdeF74728ACA131b0Fd4Eb1d829124bA1E1dFc920 (4/5 multisig)
6. Growth, Community & Ecosystem Impact
Why This Contract Matters
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How will this contract benefit berachain?
Our protocol’s integration with PoL reward vaults creates a mutually beneficial relationship with the berachain ecosystem through several key mechanisms:
-
Fee Recycling: Our innovative claim fee structure captures WBERA from users and directs it directly into PoL vaults, creating a continuous flow of native token incentives without requiring additional emissions from the treasury.
-
PoL Participation Expansion: By seamlessly onboarding our users to berachain’s PoL system, we introduce new participants who might otherwise not engage directly with governance or liquidity provision. This broadens the base of active ecosystem participants.
-
Sustainable Liquidity Model: Unlike temporary incentive programs, our protocol creates persistent economic incentives for maintaining deep liquidity pools, supporting berachain’s broader goal of sustainable market depth and stability.
-
Governance Engagement: The dual-reward mechanism naturally funnels our community into the berachain governance ecosystem as they begin accumulating BGT, increasing the diversity and robustness of governance participation.
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Educational Pipeline: For many of our users, this will represent their first interaction with a PoL mechanism, serving as an educational onramp to berachain’s innovative consensus model.
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Will it deepen liquidity for a major ecosystem token?
Yes, our protocol directly deepens WBERA liquidity through multiple mechanisms:
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WBERA Pair Concentration: Our primary liquidity pools pair with WBERA, creating significant and concentrated liquidity for the native ecosystem token.
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Fee-Driven Accumulation: Our protocol will accumulate substantial WBERA through our claim fee mechanism and redirects these assets to further incentivize liquidity depth rather than converting to other assets.
-
Compounding Incentives: The dual-reward structure (protocol rewards + BGT) creates compounding incentives for WBERA liquidity providers, making our pools increasingly attractive as the protocol scales.
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Does it enable important trading pairs that drive adoption or integrate with other berachain projects?
Not yet, potentially in the future.
Potential Volume / TVL
- Liquidity estimates: Right now ~250k but we intend to multiply this once the stage1 of our protocol is live (Easter weekend)
- Liquidity commitments: Team added and locked 10k worth of liquidity
Synergies with Other Protocols
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives?: No
Marketing / Promotion
- Co-marketing plans: We have a decent network inside berachain ecosystem and a few partnerships in place. Nothing specific though.
Long-Term Vision
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How could this reward vault evolve over time?
As the first tomb fork on berachain, our short-term focus is strategic user acquisition – bringing as many experienced DeFi users as possible from other chains to jumpstart berachain’s degen defi ecosystem.
The reward vaults by design play an integral part in our novel protocol mechanics.
The leveraged fee recycling (see governance forum thread) allows us to reward loyal protocol-friendly holders.
7. Verification
- X post link: https://x.com/grqbera/status/1912242339357065246
- Governance forum proposal link: Reward Vault Request For GRQ-WBERA LP Vault
This proposal was submitted by the GRQ Protocol team. For more information, visit our website or join our community channels.