Reward Vault Request for mBGT-iBERA on Kodiak

Reward Vaults
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Miso is a yield interface for Berachain-native, PoL-based yield strategies that are effortless, composable, and accessible to everyone, including users who are not familiar with DeFi. Miso is not just a liquid staking protocol; mBGT is a core asset and a foundational piece that facilitates attractive yield generation for other blue-chip assets on Berachain.

RFRV: Reward Vault Request for mBGT-iBERA on Kodiak

1. Proposer Details

  • Proposer’s project name: Miso
  • Proposer’s email: polar@ramen.finance
  • Proposer’s X account: https://x.com/misodotmoney
  • Best Telegram Handle for questions/fixes: @polarbera

The proposer should be affiliated with the protocol or at least one of the tokens in the contract: Co-founder of Miso

2. Protocol Details

3. Reward Vault and Staking Token Details

  • Vault Name: Kodiak - mBGT/iBERA

  • Reward Vault Address: 0xb3Fa5568344d8065eeBbF3e413f25f65fadDc9df

  • Logo URL: https://drive.google.com/file/d/1NZmCelYek3KybojQcZsu8G-7mo32pfsl/view?usp=drive_link

  • Staking Token Address: 0x33f1d85ca1269dde36ec14a3aff6269b5a4550a7

  • Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply: None

  • Is the Staking Token located on BEX? No

  • Specify the protocol where the Staking Token is located: Kodiak

  • Link to where the Staking Token is located:

  • Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in a major ecosystem asset): The mBGT-iBERA pool has been seeded with $110k in liquidity

  • Describe how a user should acquire this staking token: Provide liquidity to Kodiak iBERA-mBGT pool.

4. Token Details

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

  • Name Infrared BERA

  • Symbol iBERA

  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0x9b6761bf2397Bb5a6624a856cC84A3A14Dcd3fe5

  • Name mBGT

  • Symbol mBGT

  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0x927439eEf2e2520aFa78D8742cAe7Be3e3e90B11

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: mBGT
  • Symbol: mBGT
  • Name: Wrapped BERA
  • Symbol: WBERA

Additional Requirements:

Specify how many tokens per week you plan to allocate for incentives and specify for how many weeks you plan to allocate incentives: Incentives will be added to this reward vault proportionally based on the amount of protocol revenue generated, which will vary week to week. Incentives will be added in perpetuity as long as Miso is in service.

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): 0x44d6E85730C31b9B6DC2fF58a7F23d04CD353214

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?

The mBGT-iBERA pool is the canonical liquidity venue for mBGT, the liquid derivative of BGT created by Miso. It is the primary on-chain market for users to buy, sell, or enter BGT-based yield strategies in a composable and liquid form. This pool is critical to making BGT yield accessible, tradable, and usable across the Berachain DeFi stack.

Miso is making Berachain-native, PoL-based yield simple and accessible to everyone, including users beyond the Berachain ecosystem; mBGT is a fundamental asset that allows us to create efficient BGT-based yield strategies.

  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?

Yes. iBERA is an increasingly important core asset in Berachain. This pool deepens iBERA’s utility by pairing it with mBGT, enabling users to possibly rotate between BGT yield and iBERA-based DeFi strategies with minimal slippage.

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

Most certainly. Miso aims to abstract away the complexities and manual processes of participating in Proof of Liquidity, for a rewarding and user-friendly experience. For users without significant experience participating in DeFi, Miso will be a valuable venue to discover and participate in PoL-based yield. This directly translates to an increase in on-chain TVL. Miso will also explore meta-governance strategies in collaborating with other LST projects on Berachain.

Potential Volume / TVL:

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

Within the first three months, we aim to push out yield products that enable delta-neutral asset exposure to BGT, BERA, and USD. We are making a particularly active push with app partners beyond Berachain to attract TVL (TVL will reside on Berachain since that’s where the yield is). We expect to attract $10-15M in TVL in the first three months.

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

Miso will be seeding the pool with at least $100k+

Synergies with Other Protocols:

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

Yield products: When users stake mBGT, they receive smBGT, a liquid, yield-bearing token. smBGT can be used as a productive collateral in lending markets and yield strategies.

Protocols, validators, BERA LSTs that receive BGT yield can use mBGT to exit their BGT position and maximize their yield without price impact and volatility by using Miso’s OTC feature.

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity? Yes, with Infrared, Kodiak, and furthermore.app

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 pool will serve as the primary liquidity hub for all mBGT on Berachain. As Miso rolls out other yield vaults, mBGT is a core asset that facilitates the reward harvesting for all future PoL-based yield vaults.

7. Verification

Please post the following text with the provided X account:

“Submitted Reward Vault Request for mBGT-iBERA on Kodiak with incentive tokens WBERA, mBGT”

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

• Pool liquidity is below minimum required threshold (Minimum of USD 100,000). Guidelines on TVL requirements are noted here: Berachain Reward Vault Requirements & Guidelines | Berachain Core Docs
• The duration manager address was not provided and should be included for completeness.
• The incentive amount was not specified and is described only as “based on revenues.” Please provide a clear estimate of the expected monthly incentive amount to ensure compliance with the requirement of targeting at least $10,000 per month in incentives. Guidelines on incentive requirements are noted here: Berachain Reward Vault Requirements & Guidelines | Berachain Core Docs

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 and clarifications implemented, this application should be a better candidate for a Reward Vault.