Reward Vault request for HENLO/BERA Liquidity Vault

Reward Vaults
1

General (non-BEX) RFRV Reward Vault Request for AB-KODIAK-WBERA-HENLO-10000

henlo1
henlo11920Ă—1300 169 KB

Summary of RFRV Criteria

  • Deployed Contract: Must already be live.

  • Deployed Tokens: Must have the incentive tokens live.

  • Forum Post: a forum post must be made to publicize RFRV information

  • 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

  • Email: jnova@0xhoneyjar.xyz
  • Proposer’s project name: Henlo
  • Proposer’s X account: @fungiblehuman
  • Best Telegram Handle for questions/fixes: @fungiblehuman

The proposer should be affiliated with the protocol or at least one of the tokens in the contract.

For example if the contract is a $EXAMPLE / $BERA pool on XYZ DEX, the proposer should be affiliated with the protocol (XYZ DEX) or one of the tokens in the pool (in this case, $EXAMPLE).

  • Affiliation (protocol / one of the tokens in the contract): Henlo
  1. Protocol Details
  1. Contract/Pool Details

  • Contract Name: AB-KODIAK-WBERA-HENLO-10000

  • Contract Address: 0x04fD6a7B02E2e48caedaD7135420604de5f834f8

  • Contract Type / Configuration: Custom

  • Describe how the contract works: The AquaBera vault is a smart contract that plugs into the underlying HENLO/BERA pool on Kodiak V3. Deposits return a fungible LP token which represents a share of the vaults position inside the pool.

  • Contract Fees: No fee

  • Existing Liquidity / TVL: $156,000 TVL

  • Identify any address(es) controlling more than 10% of the contract shares: Henlo Foundation protocol owned liquidity: 0x0d12d6b15Bc12e8b86f6430bBa31653AB3813FfD

  • Is the contract upgradable? No

  • Contract Control: Multisig

  • Additional details on Contract Control: 2-of-5 Safe multisig

  • Is the contract verified? Yes

  • Can the contract be paused? No

  • Does the contract rely on oracles? No

  • Reward Vault Address: same, 0x04fD6a7B02E2e48caedaD7135420604de5f834f8

  • Reward Vault Staking Process: Deposit BERA or WBERA; no additional staking required

4. Token Details

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

For Major Tokens:
  • Name: BERA
For Non-Major Tokens:
For Non-Major Tokens:
  • Name: henlo
  • Symbol: HENLO
  • Contract Addresses (on Berachain and bridging addresses if cross-chain): 0xb2F776e9c1C926C4b2e54182Fac058dA9Af0B6A5
  • Tokenomics, Distribution, and Vesting: https://paragraph.xyz/@henlo/preview/KVyfOVvM8g1LZxIQoveb
  • 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?: The Honey Jar
  • Total Supply Cap (if any): 100,000,000,000
  • Circulating Supply: 34,719,243,789
  • Token Type: Memecoin
  • Provide extra details: n/a
  • Are token contracts upgradable?: No
  • Token Control: Multisig
  • Additional details on Token Control: 3-of-4 multisig
  • Is the token contract verified?: Yes
  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…): ERC20
  • 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. Please indicate exactly 2 tokens in the form.

Required Data for Incentive Token:

  • Name: henlo

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives: 12.5M-37.5M per week depending on bribe market dynamics
  • Specify for how many weeks you plan to allocate incentives: indefinitely
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.): multisig
  • 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)

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • Henlo is the premier memecoin on Berachain and one of the most visible projects in the ecosystem. It has already onboarded thousands of new users to Berachain and pioneered novel game mechanics and derivative projects as a leader of Berachain awareness and culture. Having a thriving flagship memecoin has proven to be an effective growth tool for several chains, and henlo hopes to continue serving this role for Berachain. Scaling liquidity is essential to supporting healthy markets and continuing to attract users as the market cap appreciates. Healthy liquidity will also support henlo’s continued integration throughout BeraFi partners including Beradrome, Dolomite, Arbera, Shogun, and many more to be announced.

Potential Volume / TVL:

  • We expect to maintain roughly $400k of liquidity for every $20M of FDV. This vault already has over 5,800 unique stakers and we expect that to rise.

Synergies with Other Protocols:

  • This vault will surely feed into other protocols shortly. We have not announced specific integrations yet.

Marketing / Promotion:

  • Henlo will drive the marketing of this reward vault. We expect to coordinate marketing with our partners The Honey Jar, Aquabera, and others.

Long-Term Vision:

  • This liquidity vault will form the backbone of henlo DEX liquidity and power henlo’s expanding playground of integrations throughout BeraFi. We expect the vault to power significant volume and interactions with unique users including monthly net new users to Berachain.

7. Verification

Please post the following text with the provided X account:

“Submitted Reward Vault Request for on protocol AB-KODIAK-WBERA-HENLO-10000 with incentive token henlo”

Insert post link: https://x.com/fungiblehuman/status/1910027567404581192

Final Reminder

A successful RFRV hinges on demonstrating:

  1. Security: Low smart contract and token risk.
  2. Demand: Community and liquidity providers want this pair.
  3. Ecosystem Benefit: Increases volume, TVL, or strategic positioning for Berachain.

Make sure to cover these points clearly to maximize your chances of passing the governance vote / RFRV!

Ooga booga

1 Like
2

Hi team, thanks for the proposal.

The majority of this looks to be in line with requirements. Please ensure that the foundation owned POL does not exceed the pool limits (40%).

Please note that the following feedback doesn’t represent the opinions of the BGT Foundation.
It is contextual feedback from the Bera ecosystem team with respect to publicly stated guidelines.

With the following changes implemented, this application should be a better candidate for a Reward Vault.

2 Likes
3

Understood. Thank you