Reward Vault Request for Kodiak Reserve for Incentives and Market Expansion

Reward Vaults
1

**RFRV

Reward Vault Request for Kodiak Reserve for Incentives and Market Expansion**

Criteria for approval

https://blog.berachain.com/blog/berachain-governance-update-new-rfrv-standards-a-clearer-path-forward

1. Proposer Details

  • Proposer’s project name: Kodiak

  • Proposer’s email: admin@kodiak.finance

  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): x.com/kodiakfi

  • Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts)

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

2. Protocol Details

3. Reward Vault and Staking Token Details

  • Vault Name (Example: iBGT on Infrared): Kodiak Reserve for Incentives and Market Expansion

  • Reward Vault Address: (insert only the contract address): 0x04a0c721cf9c26d7ab12f599937cbf520465f028

  • Logo URL: Vault Image 1024x1024 and non-transparent: https://pbs.twimg.com/profile_images/1669385759923785729/Qh5SqiwT_400x400.jpg

  • Staking Token Address: 0xd0da0A3216bAF477AC22907486E2730F1a9e9A7d

  • Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply. https://docs.google.com/spreadsheets/d/1QmAJiywAP_TnuDsF08M-v_vAjDkBsjyOspQr2-H6MkY/edit?usp=sharing

  • Is the Staking Token located on BEX? No.

  • Specify the protocol where the Staking Token is located (Ex: BEX, Kodiak, YourOwnProtocol): The staking token is a dummy token 100% owned by the Kodiak multisig, where BGT earned is distributed to users for various growth campaigns and BGT not used as incentives will be accumulated as protocol owned reserves in the assistance/insurance fund in a diversified mix of tokens. This reward vault is only utilized for the benefit of the protocol’s users/growth and its long-term health.

  • Link to where the Staking Token is located: The staking token is a dummy token 100% owned by the Kodiak multisig, where BGT earned is distributed to users for various growth campaigns and BGT not used as incentives will be accumulated as protocol owned reserves in the assistance/insurance fund in a diversified mix of tokens. This reward vault is only utilized for the benefit of the protocol’s users/growth and its long-term health.

  • Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in a major ecosystem asset):

    • On Day 1, Kodiak Perps are directly plugged into Orderly’s decentralized, permissionless liquidity layer with unified liquidity and market makers. Currently, there is >$50M of Open Interest, >$50M TVL, and >$500M of daily trading volume running through this unified liquidity layer.

    • Regarding liquidity/TVL, Kodiak Perps utilizes an orderbook model so there is currently no vault like HLP/JLP. However, there is a deposit vault - this is not for “trading liquidity” but for “bridge liquidity.” This vault has $30k+ in liquidity and will have at least $100k in liquidity by the end of the week. Users deposit stablecoins on Berachain and can trade (the user deposits stays on Berachain at all time and gets reflected as margin in the system).

    • This liquidity depth is directly accessible to users trading from Berachain depositing in the settlement currency, without having to bridge to another network, with close to instant settlement.

    • Kodiak serves the role of a “Broker” in onboarding users to Kodiak Perps and driving incentive campaigns. Users onboarded from Berachain immediately trade against users from all other chains, liquidity vaults, and market makers. Even if users choose to deposit into Kodiak Perps from other chains (we will support multichain deposits) - they will count as Kodiak Perps users, and protocol fees generated from these users will go towards incentivizing this reward vault.

    • Currently, Kodiak’s Berachain specific deployment (“Kodiak Perps”) is already deployed and live in production at this link: berps.kodiak.finance. It is currently in a closed beta. Reward distributions will start after public rollout, targeted for 1-2 weeks from now.

  • Describe how a user should acquire this staking token: The staking token is a dummy token 100% owned by the Kodiak multisig, where BGT earned is distributed to users for various growth campaigns and BGT not used as incentives will be accumulated as protocol owned reserves in the assistance/insurance fund in a diversified mix of tokens. This reward vault is only utilized for the benefit of the protocol’s users/growth and its long-term health.

  • Reward Duration address: 0x21802b7C3DF57e98df45f1547b0F1a72F2CD1aED

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: N/A

  • Symbol: N/A

  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain): : N/A

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: Wrapped BERA

  • Symbol: WBERA

  • Name: HONEY

  • Symbol: HONEY

  • Name: Bridged USDC (Stargate)

  • Symbol: USDC.e

Additional Requirements:

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

At least $10-20k/week in incentives (This reward vault will be incentivized with Kodiak’s incentive budget and Protocol Fees from Kodiak Dex, Kodiak Perps, and upcoming related products. For at least 3 months, all fees generated from Kodiak Perps will be used to incentivize the reward vault and reinvested into incentivizing growth.

  • Specify for how many weeks you plan to allocate incentives

    At least 6 months, the goal is in perpetuity.

  • 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)

    0x21802b7C3DF57e98df45f1547b0F1a72F2CD1aED

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?

    • Trading Volume and Liquidity Growth: Incentives encourage higher trading volume and activity for Berachain. Higher trading volume results in more liquidity as the yield for liquidity providers and market makers increases.

    • Protocol Resilience: Insurance reserve provides backstop protection and strengthens long-term sustainability for a perps DEX on Berachain.

  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?

    • Yes, it drives perps trading volume on Berachain for BERA and other highly traded tokens.

Potential Volume / TVL:

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

    • Perp DEXs do over $1T in volume per month and Kodiak Perps intends to become a leading player in DeFi and the dominant perp DEX on Berachain. The protocol is live for beta testers, with public release soon. The approval of this reward vault is pivotal to successfully kickstart the growth of the perps product as it is intended to uniquely tie in Berachain’s PoL mechanism to differentiate it from other perp DEXs. Regarding liquidity/TVL, Kodiak Perps utilizes an orderbook model so there is currently no vault like HLP/JLP. However, there is a deposit vault - this is not for “trading liquidity” but for “bridge liquidity.” This vault has $100k+ in liquidity. Users deposit stablecoins on Berachain and can trade (the user deposits stays on Berachain at all time and gets reflected as margin in the system).

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

    • Kodiak Perps is directly plugged in a shared, permissionless liquidity layer with deep liquidity that can be accessed by depositing on Berachain. Kodiak has gained access to this liquidity at lower than public costs to our users through the Builder Program of our infrastructure partner. Regarding liquidity/TVL, Kodiak Perps utilizes an orderbook model so there is currently no vault like HLP/JLP. However, there is a deposit vault - this is not for “trading liquidity” but for “bridge liquidity.” This vault has $100k+ in liquidity. Users deposit stablecoins on Berachain and can trade (the user deposits stays on Berachain at all time and gets reflected as margin in the system).

Synergies with Other Protocols:

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

    • Not directly, but perps is a major primitive that is key to the growth of any ecosystem. We are working with several partners to offer additional structured products using this base.

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity?

    • Yes, co-marketing will be done with our Infrastructure partner.

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.):

    • This will serve as a cornerstone for Kodiak, enabling sustainable trading volume incentives while simultaneously building an insurance fund, positioning Kodiak as a leading and resilient DEX.

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

Hi team, at the time of review, the following concern was identified:

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 appropriate updates, this application would be in a better position for Reward Vault consideration.

3

It will go live today, will post back when it is. Thanks!

4

Hi Bera Labs Team,

The protocol is now live and public (https://berps.kodiak.finance/) with community members already using it.