Reward Vault Request for SatLayer - satSolvBTC.BERA

Reward Vaults
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1. Proposer Details

  • Proposer’s project name: SatLayer
  • Proposer’s email: product@satlayer.xyz
  • Proposer’s X account: https://x.com/satlayer
  • Best Telegram Handle for questions/fixes: @gjjxyz

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

2. Protocol Details

  • Your Protocol Name: SatLayer

  • Protocol Description:

SatLayer is a shared security platform designed to leverage Bitcoin as the primary security collateral.

SatLayer enables Bitcoin restakers to secure any type of decentralized application or protocol as a Bitcoin Validated Service (BVS). This means that Bitcoin, the largest and most widely trusted cryptocurrency, can now provide security to a broad range of applications, with full Turing-complete programmability while minimizing trust assumptions.

By expanding the ways Bitcoin can be used, SatLayer helps Bitcoin maximize its potential as a reward-generating asset.

  • Protocol audits links:

3. Reward Vault and Staking Token Details

  • Vault Name (Example: iBGT on Infrared): SatLayer - satSolvBTC.BERA

  • Reward Vault Address: (insert only the contract address): 0x3211E960Fff36715b9046C51A3AF6826D1a226e7 (Berascan)

  • Logo URL: Vault Image 1024x1024 and non-transparent Link to logo we’ll use the same as our protocol logo above

  • Staking Token Address: 0xFF21f46Bc9D78125705eEF6EfCA62f9420cfDB9b (Berascan)

  • Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply. Not applicable at this point.

  • Is the Staking Token located on BEX? No, it is not on BEX at this. point.

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

  • Link to where the Staking Token is located: https://app.satlayer.xyz/vaults/restake (see Berachain section)

  • Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in a major ecosystem asset)
    $1.5M USD on Berachain, specifically for this asset, we’ll be deploying funds

  • Describe how a user should acquire this staking token
    Users need to have a Bitcoin LST on supported chains, and then they can restake these tokens at https://app.satlayer.xyz/vaults/restake to receive receipt tokens after restaking. Similarly, unstaking is also done here.

  • Reward Duration address: 0xc25593335A90bdc0BB04d57C04F772580f69800A (Berascan)

    • 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: SatLayer SolvBTC.BERA

  • Symbol: satSolvBTC.BERA

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

    • Berachain 0xFF21f46Bc9D78125705eEF6EfCA62f9420cfDB9b (Berascan)

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

Token 1
SolvBTC

Incentives Decisions: Solv DAO and SatLayer Labs

Incentive Manager address: 0xc25593335A90bdc0BB04d57C04F772580f69800A

Token 2
iBGT

Incentives Decisions: Solv DAO and SatLayer Labs

Incentive Manager address: 0xc25593335A90bdc0BB04d57C04F772580f69800A

Token 3
HONEY

Incentives Decisions: Solv DAO and SatLayer Labs

Incentive Manager address: 0xc25593335A90bdc0BB04d57C04F772580f69800A

  • Symbol (if the name and symbol match one of the tokens already provided or a major token, skip the next steps)

Token 1
SolvBTC

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

Berachain / 0x541FD749419CA806a8bc7da8ac23D346f2dF8B77 (Berascan)

  • Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)

Token 1

  • Identify any address(es) controlling more than 10%
    (address / type: team, foundation, investor, etc.)

Token 1
SolvBTC Holders - Google Sheets

  • Does the project issuing the token have any relationship with current Berachain validators?

No

  • If yes, which ones?
  • Total Supply Cap (if any)

Token 1
21,000,000

  • Circulating Supply

Token 1
248.185152 (see explorer)

  • Token Type:
    (Governance, Utility, Memecoin, Stablecoin, LST, Other)

Token 1
Other

  • If either token is a native stablecoin, LST, or governance token, provide extra details on Use case, Redemption mechanics, Peg stability

Token 1

  • SolvBTC is built to address these issues by unifying Bitcoin liquidity across multiple chains , serving as a universal Bitcoin reserve for DeFi users. It offers a flexible, yield-generating solution for Bitcoin holders who want to move their assets across blockchain ecosystems without dealing with fragmented liquidity or the risks tied to individually wrapped BTC assets.
  • SolvBTC can be minted with WBTC, cbBTC, BTCB(BNB Chain) or native Bitcoin as a liquid receipt token of Solv Bticoin reserves
  • SolvBTC will be minted on Berachain with WBTC on Berachain at Solv App - The Future of Bitcoin Finance
  • Are token contracts upgradable?

Token 1
Yes

  • Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)

Token 1
0x0c2Bc4d2698820e12E6eBe863E7b9E2650CD5b7D multisig 3-of-5

  • Additional details on Token Control

As per above

  • Is the token contract verified?

Token 1
Yes

  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…)

Token 1
Yes, standard ERC-20 as per GitHub - solv-finance/SolvBTC
(If custom, provide a link to an audit.)

  • Can the token be paused?

Token 1
No

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?
  1. Establishes the chain’s yield-bearing BTC primitive, unlocking BTC-denominated yield.
  2. Aligns SatLayer’s restaking flywheel with Bera’s Proof-of-Liquidity (PoL) model, attracting sticky, long-term capital.
  3. Expands Bera’s narrative to “BTC yield hub”, aiding user acquisition from Bitcoin natives.
  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
  1. Introduces a blue-chip asset (solvBTC.Bera) as collateral across lending, Dex and other Dapps.
  2. Boosts on-chain BTC-denominated yield via a deep liquidity pair.
  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
  1. Primary LP will be solvBTC.Bera / satsolvBTC.Bera, directly increasing depth for restaked assets.
  2. By restaking assets, more liquidity can be unlocked, significantly improving the capital efficiency of the underlying assets.

Potential Volume / TVL:

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

$50M SolvBTC.BERA liquidity

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

Received commitment from the Solv team to boost satSolvBTC.BERA deposit vault. https://app.solv.finance/dashboards

Synergies with Other Protocols:

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

Will feed into Solv’s DeFi strategy on Berachain and integrate into Infrared and Beraborrow.

Marketing / Promotion:

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

Has aligned with the Solv team to co-market SatLayer’s satSolvBTC.BERA restaking vault.

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.)
  • Pre‑deposit success: attracted nearly $300M TVL through Berachain with >50% retention to date.
  • Next stage: continue boosting yields on new vault.
  • Multiple LPs have confirmed intent, with additional TVL currently waiting on the sidelines to enter once this gauge is live.

7. Verification

Please post the following text with the provided X account:

“Submitted Reward Vault Request for satSolvBTC.Bera on protocol SatLayer with incentive tokens SolvBTC, iBGT, HONEY”

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

• Pool liquidity is below the minimum required threshold (Minimum of USD 100,000). Guidelines on TVL requirements are stated here: Berachain Reward Vault Requirements & Guidelines | Berachain Core Docs
• The team did not specify the incentive amount or the reward duration. Guidelines for program minimum viability are outlined 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.

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gm @BeraLabsTeam!

  1. We’ve deployed some initial liquidity, so it should meet the requirement now.
  2. We confirm we will have at least 10,000 USD per month in incentives (though the final amount TBC, but confirm it will be more than the minimum required), and will work with our ecosystem partner for this aspect. Our plan is to have the incentives live over at least the next three months from the time the incentives go-live.

Thanks!