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
- 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/WBTC
- Contract Address: Insert the contract address.
0x7eb91777376b65611076df26c36f843418fe69d2
- 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).
- $1.9M 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
WBTC
- Symbol
WBTC
For Non-Major Tokens:
- Name
SolvBTC
- Symbol
SolvBTC
- Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address
Berachain 0x541FD749419CA806a8bc7da8ac23D346f2dF8B77
- Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
- SolvBTC can be minted with WBTC, cbBTC, BTCB(BNB Chain) or native Bitcoin as a liquid receipt token of Solv Bticoin reserves
- Solv App - Leading Bitcoin Staking Platform
- https://docs.solv.finance/key-products/solvbtc
- Identify any address(es) controlling more than 10%
(address / type: team, foundation, investor, etc.)
[SolvBTC holders - Google Sheets]
SolvBTC 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
806.9701258 (on Bearchain)
- Token Type:
(Governance, Utility, Memecoin, Stablecoin, LST, RWA, Other)
Other
- Provide extra details (e.g. Use case, Redemption mechanics, Peg stability)
- 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 soon
- Are token contracts upgradable?
Yes
- Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance)
- Additional details on Token Control
0x0c2Bc4d2698820e12E6eBe863E7b9E2650CD5b7D Multisig 3/5
- 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: Policy Committee appointed by DAO
- 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: 0x541fd749419ca806a8bc7da8ac23d346f2df8b77
- 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
0x0c2Bc4d2698820e12E6eBe863E7b9E2650CD5b7D Multisig 3/5
- 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?
No
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 working as Bitcoin reserve liquid token, accepting many forms of Bitcoin such as different type of wrappers or even native Bitcoin, will attract most types of Bitcoin users to onboard Bearchain ecosystem
- Increase liquidity for SolvBTC/WBTC a key pair for SolvBTC and its LSTs success in the ecosystem, including facilitating WBTC liquidity for partner trading pairs
- SolvBTC.BBN/SolvBTC
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract.
$10m+ as first milestone
- 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/WBTC liquidity will facilitate integration and proliferation of SolvBTC 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. Partnering with Bearchain, Solv aims to introduce even more innovative LSTs, fostering the growth of the DeFi ecosystem on Bearchain and expanding Bitcoin liquidity within the network.
- SolvBTC-WBTC 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/1897470128360710250
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!