Reward Vault Request for Honeypot All-in-One Vault

Reward Vaults
1

Reward Vault Request for Honeypot All-in-One Vault

Criteria for approval

1. Proposer Details

  • Proposer’s project name
    • Honeypot Finance
  • Proposer’s email
    • ​​internal@honeypotfinance.xyz
  • Proposer’s X account
  • Best Telegram Handle for questions/fixes
    • @OxTaki_eth @wilsoncaroline1210
  1. Protocol Details
  1. Reward Vault and Staking Token Details

  • Vault Name (Example: iBGT on Infrared)

    • All-in-One Honeypot Vault

  • Reward Vault Address: (insert only the contract address)

    • 0xcf4f3eafe6ee37b33c5047f0e6562f764285de9d

  • Logo URL: Vault Image 1024x1024 and non-transparent

  • Staking Token Address

    • 0x6eE01549960F47B2e64Cb9fb26a9107e735910b5

  • Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply.

    • All-in-one Vault [0x9c52cD80455a9ee50610aC90e846e46E04014f6d] holds 100% of the staking token as the placeholder token.

  • Is the Staking Token located on BEX?

    • No

  • Specify the protocol where the Staking Token is located

    • It’s a placeholder token that we have created ourselves.

  • Link to where the Staking Token is located

  • Existing Liquidity / TVL

    • The vault is available for all trading pairs across the platform, so the TVL is at least 1M USD so far.

  • Describe how a user should acquire this staking token

    • Users cannot obtain Staking Tokens directly; the swap volume they contribute will receive a receipt Token and be converted into a share of the vault according to the weight which is one-time claimable only.

  • Reward Duration Manager:

    • 0xF636EdBB56c877024c4666d41d6e50638Df46Fcc

4. Tokens Information

For each token in the pool/staking token, please provide

  • Name
    • Very Awesome Unified Liquidity Token
  • Symbol
    • VAULT
  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
    • 0x6eE01549960F47B2e64Cb9fb26a9107e735910b5

5. Incentive Tokens

Only up to three 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 Tokens:

  • Name
    • WrappedBERA
    • Liquid BGT
  • Symbol
    • wBERA
    • LBGT
  • Token Contract Addresses:
    • wBERA: 0x6969696969696969696969696969696969696969
    • LBGT: 0xbaadcc2962417c01af99fb2b7c75706b9bd6babe
  • Tokenomics, Distribution, and Vesting
  • Identify any address(es) controlling more than 10%
    • LBGT: No majority control
  • Circulating Supply
    • LBGT: 1.9M
  • Token Type:
    • LBGT LST
  • If either token is a native stablecoin, LST, or governance token, provide extra details on Use case, Redemption mechanics, Peg stability
    • LBGT: LBGT is LST backed to BGT 1:1 and can be redeemed for 1 BERA just as BGT.
  • Are token contracts upgradable?
    • LBGT: No
  • Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
    • LBGT: Multisig
  • Additional details on Token Control
    • LBGT: Token Mint is controlled by BeraPawForge contract, which is controlled by BeraPaw’s multisig.
  • Is the token contract verified?
    • LBGT: Yes
  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…)
    • LBGT: Standard implementations with custom Mint and Burn functions that can only be called by BeraPawForge.
    • BeraPaw Docs
  • Can the token be paused?
    • LBGT: No

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives
    • It is expected that bribes of no more than 5000 BERA per week, including no more than 1000 BERA per week paid by the RFA.
  • Specify for how many weeks you plan to allocate incentives
    • At least 6 months
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.).
    • multi-sig
  • Incentive Manager address
    • 0xF636EdBB56c877024c4666d41d6e50638Df46Fcc

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?
    • Shifting to Fee-Centric Rewards: This model directly incentivizes economic activity (trading) rather than passive capital accumulation. By rewarding users based on the fees they generate, it encourages more frequent and potentially larger volume trades, leading to a more vibrant and active on-chain economy.
    • Sustainable Incentive Model: Tying rewards directly to fee generation creates a more sustainable loop. As trading volume and fee income increase, the ability to reward traders also increases, potentially reducing reliance on inflationary BGT emissions solely for TVL acquisition, where APYs can be unstable and bribes costly relative to returns.
    • Addressing current PoL Limitations: The contract offers a solution for users whose capital (like V3 Style LP NFTs) does not directly fit into existing PoL incentive structures. So it largely extends what PoL can do
    • Create the Healthy Dual Flywheel Cycle: our All-in-one vault creates a synergistic relationship between traders and LPs. As traders experience the benefits of fee rebates and observe the enhanced APYs on the LP side (driven by their own increased activity), a portion may be incentivized to also become LPs. Conversely, traditional LPs, witnessing the tangible benefits (LBGT) awarded to active traders, might be encouraged to engage in more trading themselves. This creates a powerful dual flywheel, amplifying both trading volume and liquidity depth.
  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
    • BERA, HONEY, and core stable assets(i.e MEAT, NECT), as well as HOT MEME tokens.
  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
    • Yes, this contract will ensure deep, capital-efficient liquidity for all major assets on Berachain (BERA, WETH, WBTC) at the underlayer.
    • This contract will also incentivize the long-tail assets to deploy liquidity on the blockchain (i.e meme token)as it reduces friction for new pairs. New projects launching tokens on Berachain could see quicker bootstrapping of trading activity, as traders are immediately eligible for fee-based rewards
    • All pools underlying this vault are already integrated with Aquabera (ALM) / BeraTrax (Yield Aggregator) / HPOT (launchpad) / Holdstation (Aggregator) /

Potential Volume / TVL:

  • Provide metrics or estimates on liquidity you expect to attract.

    • The All-In-One Vault is not launching from a zero base; we have an immediate pathway to demonstrate its efficacy and attract substantial liquidity.
    • Initial Seed Liquidity & Enhanced Incentives: We currently manage three Berachain-approved Reward Vaults (RVs) with a combined TVL of approximately $900,000. This existing TVL can be seamlessly migrated into the All-In-One Vault. This migration will offer users from these established vaults a more consistent, dynamic, and potentially more lucrative incentivization model, as rewards will be directly tied to their value-generating activities (trading fees) rather than solely static TVL contributions or fluctuating bribe-dependent APYs.
    • Stimulating Trading Activity & Organic LP Growth: The core premise is that traders, including those from the initially migrated RVs, will be significantly motivated by the prospect of having a substantial portion of their trading fees rebated as valuable BGT rewards. This direct incentive is expected to foster more active and higher-volume trading within these initial pools. The resultant increase in trading volume will naturally generate higher APYs for Liquidity Providers (LPs) in those pairs, making them more attractive and drawing in further LP capital. This mechanism inherently promotes a healthy TVL-to-fee ratio, contributing to a genuinely sustainable liquidity ecosystem.
    • The Dual Flywheel Effect: We anticipate a synergistic relationship between traders and LPs. As traders experience the benefits of fee rebates and observe the enhanced APYs on the LP side (driven by their own increased activity), a portion may be incentivized to also become LPs. Conversely, traditional LPs, witnessing the tangible benefits awarded to active traders, might be encouraged to engage in more trading themselves. This creates a powerful dual flywheel, amplifying both trading volume and liquidity depth.
    • Short-Term Growth Projection: For the initial three pools to be migrated, we conservatively estimate that the enhanced, fee-driven incentive structure could lead to a threefold increase in their collective liquidity in the short term as these flywheels begin to turn.
    • Long-Term Growth Projection: We believe our attractive All-In-One Vault can at least attract $80 million in liquidity to pools participating in this fee-centric reward mechanism. This target is supported by promising initial conversations with several institutional investors. These entities have expressed significant interest in the All-In-One Vault model, viewing it as an innovative and potentially more capital-efficient mechanism to deploy their liquidity and earn returns based on real economic activity. Their potential participation underscores the viability and attractiveness of this approach for sophisticated market participants.
    • A Paradigm Shift in Reward Distribution: By successfully scaling this model, we aim to demonstrate a sustainable and efficient alternative to traditional liquidity mining programs, positioning Berachain as a leader in innovative DeFi incentive structures.

  • Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)

    • NA

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid-staking derivatives on Berachain?

    • Yes, all underlying LPs will be integrated into the following:

  • Integrated with Rootsfi as collateral

  • Integrated with Infrared.

  • Integrated into Beefy, the dynamic vault.

  • Integrated into Beratrax, the yield aggregator.

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity?
    • Our incentive for trading pairs will create higher APR for all trading pairs farmed on Wasabee DEX. We have held many such joint events with Wasabee and some wallet projects, such as Bitget Wallet. This All-in-one aims to expand such incentives into long-term and sustainable incentives. We will jointly expand our influence on the MEME Campaign.

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.)
    • Our All-in-One reward vault could serve as a fundamental piece of Berachain’s DeFi infrastructure. As it drives fairly distributed BGT rewards in a way that directly fuels on-chain economic activity.
    • Our vision is to create a robust, rewarding layer for good trading activity that generates more fees, which in turn fund more rewards for traders, creating a positive feedback loop. This could lead to deeper, more resilient liquidity across the ecosystem because LPs would benefit from consistently higher fees and naturally build a higher APY.
    • Over time, the weights assigned to different receipt tokens (representing different fee sources or token pairs) are dynamically adjusted through the community governance, allowing the Berachain community to fine-tune incentives towards specific strategic goals (e.g., promoting trading in under-served pairs or prioritizing certain types of fee generation).

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]”

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!

2 Likes
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all in one all in one all in one all in one

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  • It is expected that bribes of no more than 5000 BERA per week, including no more than 1000 BERA per week paid by the RFA.

What will be the determining factor when bribing? Large difference between top and bottom here

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Bullish!! Big Brain!

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I think no more than 5000 BERA/week is talking about the total bribe that this applicant will spend. 1000 bera/week is talking about how the applicant is using their RFA fund. RFA only count for a proportion of their fund and the applicant have the BERA coming from other source. I guess this shows that the applicaant have enough bera on hand (good sign) so they don’t intend only use RFA fund but they have enough bera on hand to bribe to contribute to the PoL.

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So, I set an upper limit instead of a lower limit for bribes, mainly because the actual burden of bribes not simply from the fees, it is also the revenue of the protocol.

The ratio of swap fees so far is splited as 9:1 between LP and protocol, while 5:1 in Uniswap. And the fee is also the Wasabee’s income since HPOT only has the launchpad part. LPs of blue-chip token pairs may not want to raise the ratio, while DEX side will not able to contribute more as well.

Therefore, if the applacation does not set an upper limit of bribes, it may give the community the promise that bribes will increase infinitely as the protocol’s revenue increases.
This will result in the protocol actually having no income.

To be honest, we absolutely will review this number in the future, but it’s hard to promise a very large bribe at the stage.

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using the economic activity (trading) to indirectly incentivize the LP provision and creating a positive loop for LPers to actively trade is innovative. hope to see this one up and running soon

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Hi team, we are request the following additional information to support your application:

  • Please include a method for verifying active on-chain activity and clearly identifying the beneficiary of the vault rewards to ensure token distribution must be broad and not clustered among related addresses or entities.

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.

10

Hi BeraLabsTeam,

We are developing a plugin based on Algebra Integral to automatically distribute Receipt Tokens. The plugin is still under audit.

Adding this plugin will automatically distribute SWAP-A-B Tokens to users in beforeSwapHook(), and the amount is equal to the dynamic fee A paid, or B will be set to the same value as A paid by the user in this transaction. The fee is also calculated immediately in beforeSwapHook() as well.

Before the plugin onload, we will use our subgraph to capture the volume of swap unit to USD value at https://wasabee.honeypotfinance.xyz/leaderboard

All swaps are accounted for in the subgraph within 5 minutes, and addresses can be entered into the tracker at the leaderboard to see everyone’s volumes publicly and compared with BeraScan or other methods.

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so can I understand this way?
you will create a “receipt token” for each swap under the certain pool.
for example, there is ETH-USDT pool being swapped 100 times by user A
ETH-BERA pool being swapped 5 times by same users.
then this user will receive the “receipt token” for swapping ETH-USDT demonstrating the volume from this user is 100 and ETH-BERA from this user is 5.
and then this user can use this receipt token as the proof to receive the LBGT reward (convert from BGT). so the method actually convert the user swap volume to the form of ERC20 token that can be thought as “TVL” under this vault and reward will be fairly distributed to them? If I understand it correctly, I think this is the new invention of the Dex to convert the TVL-based reward to LP provider to swap-based reward to users which indirectly also increase the reward for LP! @TakiBera

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Yes exactly in this way.

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All-in-One Vault is cooking—finally a model where trading hard = farming hard. Wasabee’s vibing with this upgrade, turning every swap into a power move. Let the flywheel spin! Bzzz

2 Likes