Reward Vault Request for SolvBTC.BBN-SolvBTC on Kodiak

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

  • Email

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)

https://x.com/SolvIntern

  • 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

  1. Protocol Details
  • Protocol Name (Example: XYZ DEX)

Kodiak

  • Protocol Type (DEX/Lending/Staking/Derivatives/Other)
    • If other: please specify

DEX

  • Protocol X profile link

x.com/KodiakFi

  • Protocol docs link

https://documentation.kodiak.finance/

  • Protocol audits links (multiple links)

Audits | Kodiak Finance

  • Does the protocol have any relationship with current Berachain validators?

No


  1. 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.)

Kodiak Island SolvBTC.BBN-SolvBTC - Google Sheets

  • 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.)
  • 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.)

SolvBTC holders - Google Sheets

  • 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:

  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!

Pool has been whitelisted SolvProtocol - SolvBTC.BBN | SolvBTC | Reward Vault | BeraHub

Apply to add one more incentive token for this RV

4. Tokens Information

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

  • Name

Infrared BGT

  • Symbol

iBGT

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

0xac03caba51e17c86c921e1f6cbfbdc91f8bb2e6b