RFRV
Reward Vault Request for osBGT-sWBERA
Note: links appear to be broken in the forum so a space was added to all of them
1. Proposer Details
- Proposer’s project name: OpenState
- Proposer’s email: pengu @openstate.com
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): h ttps://x.com/OpenStateFdn
- Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts): saferatios
The proposer should be affiliated with the protocol or at least one of the tokens in the contract.
2. Protocol Details
- Your Protocol Name: OpenState
- Protocol Description: Liquidity Connector
- Protocol audits links:
h ttps://openstate.gitbook.io/openstate/other-resources/audits - Protocol URL: openstate .com
3. Reward Vault and Staking Token Details
- Vault Name: OpenState osBGT-sWBERA
- Reward Vault Address: 0x6679F737923f0F99A50F7A1a3D4f8092BE11795C
- Staking Token Address: 0x9A7D89284520572B3Ec41efEbA9ADd65622B301A
- Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply: 0xB698A34305b7a10f563996C96E3298A34F6Dc87D
- Specify the protocol where the Staking Token is located: Kodiak
- Link to where the Staking Token is located: h ttps://app.kodiak.finance/#/liquidity/pools/0x9a7d89284520572b3ec41efeba9add65622b301a?chain=berachain_mainnet
- Existing Liquidity / TVL - $170k
- Describe how a user should acquire this staking token - providing liquidity for osBGT and sWBERA on Kodiak (osBGT can easily be acquired on OpenState’s website or aggregators like OogaBooga, sWBERA can be acquired by staking BERA on Berahub)
- Reward Duration address: 0x9134788B8175AC82F40d2949666Eb8366F7D7E39
This address will manage the Reward Vault duration, i.e. the number of days over which BGTs are distributed to stakers. Note that:
- default duration is 7 days - i.e. BGTs are distributed over 7 days.
- it can be adjusted within a range of 3 to 7 days.
- changing the duration affects your vault’s APR.
4. Tokens Information
For each token in the pool/staking token, please provide
- Name: osBGT
- Symbol: osBGT
- Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0xD2C41BF4033A83C0FC3A7F58a392Bf37d6dCDb58
- Name: sWBERA
- Symbol: sWBERA
- Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0x118D2cEeE9785eaf70C15Cd74CD84c9f8c3EeC9a
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: osBGT
- Symbol: osBGT
- Name: sWBERA
- Symbol: sWBERA
Additional Requirements:
- Specify how many tokens per week you plan to allocate for incentives - Varies, minimum budget of 10,000 osBGT
- 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: 0x9134788B8175AC82F40d2949666Eb8366F7D7E39
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
OpenState focuses on being the liquidity connector for BGT LSTs and various other derivatives, this pool will be the first to enable users to trade sWBERA on secondary markets without having to wait for the 7 day queue.
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
Yes, this will deepen liquidity for osBGT and its related BGT LSTs (iBGT and LBGT) as well as adding liquidity for sWBERA (Staked WBERA) which will be instrumental for the success of PoL V2
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
Yes, by its every nature osBGT growth drives the adoption of the underlying tokens and products it uses (Infrared, Berapaw, Origami, Euler, Kodiak and more).
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract.
Other osBGT pools have attracted mid 7 figs of TVL, we expect similar numbers for this pool.
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
Yes, it ties directly into staked WBERA, providing liquidity for it on the secondary market.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
No, given that sWBERA is part of the chain itself.
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.)
We expect this vault to improve the appeal of staking WBERA thus locking even more WBERA out of circulation.
7. Verification
Please post the following text with the provided X account: h ttps://x.com/OpenStateFdn/status/1948160637801988354?t=nLGHEbBp5To3frkFZBIbQQ&s=19