Summary of RFRV Criteria
- Deployed Contract: Must already be live.
- Deployed Tokens: Must have the incentive tokens live.
- Economic Value: Show significant TVL, trading volume potential, or strategic benefit.
- Security: Use standard or audited contracts; tokens must be reputable.
- Decentralization: Each token in the pair must show sufficient decentralization.
- Transparency: Team/project info, audits, and open communication.
- Synergy: Integrate with or benefit the broader Berachain ecosystem.
- Community Support: Demonstrate genuine interest/demand.
- Operational Safety: Clear ownership, upgradeability details, and compliance considerations.
- Pair with a Major (Recommended for DEX pools): Major tokens are BERA, HONEY, BYUSD, USDC, wETH, and wBTC.
- Verification: The proposer should be affiliated with the protocol or at least one of the tokens in the contract
1. Proposer Details
ray@solv.finance
- Proposer’s project name
Solv Protocol
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes)
- Best Telegram Handle for questions/fixes
@raywl
The proposer should be affiliated with the protocol or at least one of the tokens in the contract.
For example if the contract is a $EXAMPLE / $BERA pool on XYZ DEX, the proposer should be affiliated with the protocol (XYZ DEX) or one of the tokens in the pool (in this case, $EXAMPLE).
- Affiliation (protocol / one of the tokens in the contract)
SolvBTC.BBN
- Protocol Details
- Protocol Name (Example: XYZ DEX)
Kodiak
- Protocol Type (DEX/Lending/Staking/Derivatives/Other)
- If other: please specify
DEX
- Protocol X profile link
- Protocol docs link
- Protocol audits links (multiple links)
- Does the protocol have any relationship with current Berachain validators?
No
- Contract/Pool Details
- Contract Name (Example: $EXAMPLE / $BERA)
SolvBTC.BBN/SolvBTC
- Contract Address: Insert the contract address.
0x36815beb3494c6ad3a33540cc242d0b563fe91c0
- Contract Type / Configuration: Is it a standard AMM pool, a lending pool, a derivatives pool, a custom contract
Uni v3 AMM
- Describe how the contract works (e.g., how to mint and redeem shares of the contract, if tokens can be exchanged within the contract…)
- Shares can be minted/ burned via the island contract
- 0x03bCcF796cDef61064c4a2EffdD21f1AC8C29E92
- Contract Fees: Outline the fee structure (e.g., 10% of staking rewards)
0.05%
- Existing Liquidity / TVL: current liquidity and volume stats (if applicable).
- $17.1M TVL
- Identify any address(es) controlling more than 10% of the contract shares
(address / type: team, protocol-owned liquidity, etc.)
- Is the contract upgradable?
No
- Contract Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
Multisig
- Additional details on Contract Control
- 3/6 multisig
- 0x7D8A57bf453ecf440093fe6484c78B91b377e638
- Is the contract verified?
Yes
- Can the contract be paused?
Yes
- Does the contract rely on oracles?
No
- (If yes, explain oracle dependency)
4. Token Details
Provide the following details for each token in the contract (up to 5):
For Major Tokens:
- Name
SolvBTC
- Symbol
SolvBTC
For Non-Major Tokens:
- Name
SolvBTC.BBN
- Symbol
SolvBTC.BBN
- Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address
Berachain 0xCC0966D8418d412c599A6421b760a847eB169A8c
- Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
- SolvBTC.BBN can be minted with SolvBTC as a liquid staking token Babylon
- Solv App - Leading Bitcoin Staking Platform
- https://docs.solv.finance/key-products/solvbtc-lsts
- Identify any address(es) controlling more than 10%
(address / type: team, foundation, investor, etc.)
[SolvBTC.BBN holders - Google Sheets]
SolvBTC.BBN holders - Google Sheets
- Does the project issuing the token have any relationship with current Berachain validators?
No
- If yes, which one?
- Total Supply Cap (if any)
21,000,000
- Circulating Supply
2,964.81874523 (on Bearchain)
- Token Type:
(Governance, Utility, Memecoin, Stablecoin, LST, RWA, Other)
Other
- Provide extra details (e.g. Use case, Redemption mechanics, Peg stability)
- SolvBTC.BBN is a liquid staking token for Bitcoin, representing the staked Bitcoin in Babylon. SolvBTC.BBN is pegged 1:1 with Bitcoin, enabling users to earn staking rewards from Babylon while unlocking liquidity and additional yields in the DeFi ecosystem.
- SolvBTC.BBN will be minted on Berachain with SolvBTC on Berachain soon
- Are token contracts upgradable?
Yes
- Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
- Additional details on Token Control
Multisig 3/5
0x0c2Bc4d2698820e12E6eBe863E7b9E2650CD5b7D
- Is the token contract verified?
Yes
- Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…)
(If custom, provide a link to an audit.)
Yes, standard ERC20 * GitHub - solv-finance/SolvBTC
- Can the token be paused?
No
5. Token / Project Background / Incentive Token Whitelist
Only two tokens can be whitelisted for use as incentives in a Reward Vault. Indicate which tokens will be used and provide all relevant information below.
Honey
- Budget: $5k each week to start with, for next 12 weeks
- Incentives Decisions: Solv Treasury
- Incentive Manager address: 0x32369C32113D6A85d4B71faA40DDd048187DCe79
SolvBTC
- Budget: Plan to use Honey first
- Incentives Decisions: Solv Treasury
- Incentive Manager address: 0x32369C32113D6A85d4B71faA40DDd048187DCe79
Required Data for Incentive Token:
- Name
SolvBTC
- Symbol
SolvBTC
- (if the name and symbol match one of the tokens already provided or a major token, skip the next steps)
- Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address
- Berachain: 0x09D9420332bff75522a45FcFf4855F82a0a3ff50
- Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
- Identify any address(es) controlling more than 10%
(address / type: team, foundation, investor, etc.)
- Does the project issuing the token have any relationship with current Berachain validators?
No
- Total Supply Cap (if any) and Circulating Supply
- Total Supply Cap: 21,000,000
- Circulation Supply: 14,878
- Token Type:
(Governance, Utility, Memecoin, Stablecoin, LST, Other)
Other
- Are token contracts upgradable?
Yes
- Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
- Additional details on Token Control
Multisig 3/5
0x0c2Bc4d2698820e12E6eBe863E7b9E2650CD5b7D
- Is the token contract verified?
Yes
- Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…)
(If custom, provide a link to an audit.)
Yes, standard ERC20
- Can the token be paused?
Yes
Additional Requirements:
- Specify how many tokens you plan to allocate for incentives and over what period of time.
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.).
- 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)
Detailed above
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
- SolvBTC.BBN as the leading Babylon LST introduces an innovative way to stake the BTC and its LST into Bearchain ecosystem
- Increase liquidity for SolvBTC.BBN will allow deeper liquidity for lending platforms for further LST loopings
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract.
$30m+
- Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
Pool has already been bootstrapped by Boyco pre-deposit vault
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
- Deeper SolvBTC.BBN/SolvBTC liquidity will facilitate integration and proliferation of SolvBTC.BBN into these protocols, notably lending markets Dolomite and Beraborrow to the benefit of Berachain as a whole
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
- TBD
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.)
- Solv has successfully launched multiple Bitcoin LSTs, including Babylon, Ethena, Jupiter, CORE, and BNB.
- We build liquidity to pair the SolvBTC LSTs with SolvBTC, and we will keep enhancing the liquidity of both SolvBTC/WBTC and SolvBTC.LST/SolvBTC on Bearchain
- SolvBTC.BBN-SolvBTC pools on Kodiak will be the principal pools for SolvBTC on Berachain
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]”
https://x.com/SolvIntern/status/1897470158459035842
Final Reminder
A successful RFRV hinges on demonstrating:
- Security: Low smart contract and token risk.
- Demand: Community and liquidity providers want this pair.
- 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!