Reward Vault Request for Kodiak - PLUTUS | WBERA 0.3% Island

1. Proposer Details

Project name:
Plutus

Email:
contact@plutus.fi

X account:
@plutus_fi_x

Best Telegram Handle for questions/fixes:
@HerrGertrud

2. Protocol details

Protocol name
Plutus

Protocol description

Liquidity, Yield, and Stability — chains simplified.

Parent protocol for Orange Finance, Berancia, Deep Thought, and LPfun.

Plutus provides delta neutral yield strategies, simple interfaces for advanced strategies, and a berachain native algorithmic stable coin plsHONEY

Protocol URL

Protocol logo URL

3. Reward Vault and Staking Token Details

Vault name
Kodiak - PLUTUS | WBERA 0.3% Island

Reward Vault Address
0x9e4ff9F6f255eCb3fb3937e81439a2c69377F3af

Logo URL

Staking Token contract address
0xe38e2273df9ca6f2cd6f2ea0b13399e65bf799f1

Addresses controlling more than 20% of supply:

Is the staking token located on BEX?
non-BEX

Specify protocol where Staking Token is located
Kodiak

Link to where the Staking Token is located

Audit link of protocol where pool is located

Existing Liquidity / TVL
$110k

Describe how a user should acquire this staking token
Provide liquidity to Kodiak PLUTUS-WBERA Island.

4. Reward duration manager

Reward duration manager address
0x470142ef42aeb7652e8787697938c4a0d530f237

5. Tokens information

** List Tokens Names**
Plutus Token, Wrapped BERA

List Tokens Symbols
PLUTUS, WBERA

List contracts addresses
PLUTUS berachain: 0x6698ede14709a9dd8379744cc2d28f276e3d2eac, PLUTUS arbitrum: 0x8c1ea32448e09a59f36595abec6207c9ebd590a2, WBERA: 0x6969696969696969696969696969696969696969

6. First incentive token

** What is the first incentive token**
BERA

7. First incentive token final questions

Specify how many tokens per week you plan to allocate for incentives
69

Specify for how many weeks you plan to allocate incentives
20

Outline how decisions about token incentives are made
DAO controlled Multisig

Incentive Manager Address
0x470142ef42aeb7652e8787697938c4a0d530f237

8. Do you want to add another incentive token?

yes

9 Second incentive token

** What is the name and token symbol of your second incentive token**
Plutus token (PLUTUS)

10. Second incentive token final questions

Specify how many tokens per week you plan to allocate for incentives
4200

Specify for how many weeks you plan to allocate incentives
20

Outline how decisions about token incentives are made
DAO controlled Multisig

Incentive Manager Address
0x470142ef42aeb7652e8787697938c4a0d530f237

11. Do you want to add a third incentive token?

No

12. Growth, Community & Ecosystem impact

Why this contract matters
This contract deepens liquidity for WBERA and ties it to other major assets through the PLUTUS OFT thus also stabilising it.

PLUTUS also has a yield bearing governance token xPLUTUS which will drive demand for PLUTUS and thus its native pair WBERA.

Plutus with its native token deepening liquidity on Berachain is the first step in providing services and vaults on the chain driving utility along with liquidity.

Potential volume / TVL
150-300k USD at current prices (1.69/BERA) with 110k from Plutus PoL and 60k worth being open in PLUTUS bonds dedicated to seeding berachain liquidity in this range.

Synergies with other protocols
Plutus works together with Stryke, Kodiak, and Dolomite at the core. We also co-own Berancia and Orange Finance -all of which are Berachain ecosystem plays.

We also are in active chats with broader and less official circles of berachain projects.

** Marketing / promotion**
Apebond PLUTUS bonds campaign is ongoing. Kodiak co-marketing on the Islands and future products and pools.

Long-term vision
This specific vault is and will evolve along with the protocol to be a central gravity point for Plutus’ protocol liquidity.

We already utilise a lot of the ecosystem on berachain and having our protocol token tied to the native token of the chain solidifies that commitment.

13. Verification

Forum Post Confirmation

Hi team, at the time of review, the following concerns were identified:

• The major asset (WBERA) in the pool does not meet the minimum $50,000 TVL requirement
• The proposed incentive amount does not meet the minimum requirement. Each vault should target the ability to incentivize at least $10,000 per month

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.

1 Like

Major asset minimum TVL is not a problem anymore with a handful of new depositors over the weekend.

Reward amounts adjusted to 690 WBERA and 69k PLUTUS weekly