Reward Vault Request for -- Sweet Frax - frxUSD/HONEY

Reward Vaults
1

RFRV

Reward Vault Request for frxUSD/HONEY

1. Proposer Details

  • Proposer’s project name: Frax Finance
  • Proposer’s email: nader@frax.com
  • Proposer’s X account : @AmirnaderA
  • Best Telegram Handle for questions/fixes: @naderghazvini

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

  1. Protocol Details
  1. Reward Vault and Staking Token Details

  • Vault Name: Sweet Frax - frxUSD/HONEY

  • Reward Vault Address: 0x2CE83cE94ACDAD46C47A4Fb1232F237909e1dC51

  • Logo URL: https://static.frax.com/images/tokens/frax.png

  • Staking Token Address: 0xBcc717Bad424C87Acd02f0f30BDB2d95f8F339c3

  • Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply. Address Identification - Google Sheets

  • Is the Staking Token located on BEX? Yes

  • Specify the protocol where the Staking Token is located (Ex: BEX, Kodiak, YourOwnProtocol) BEX

  • Link to where the Staking Token is located : frxUSD | HONEY | BeraHub

  • Existing Liquidity / TVL: It will be expanded as we go

  • Describe how a user should acquire this staking token: Bridging frxUSD (frax.com) to Bera and Stake it along with HONEY into the BEX pool

4. Tokens Information

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

  • Name: Frax USD
  • Symbol: frxUSD
  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
    0x80Eede496655FB9047dd39d9f418d5483ED600df
  • Name: Honey
  • Symbol: HONEY
  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
    0xFCBD14DC51f0A4d49d5E53C2E0950e0bC26d0Dce

5. Incentive Tokens

Only up to 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.

Required Data for Incentive Tokens:

  • Name: Frax Share
  • Symbol: FXS
  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
    0x64445f0aecC51E94aD52d8AC56b7190e764E561a
  • Tokenomics, Distribution, and Vesting : https://docs.frax.finance/
  • Identify any address(es) controlling more than 10%in un
    Address Identification - FXS - Google Sheets
  • Does the project issuing the token have any relationship with current Berachain validators? No
  • Token Type: Governance
  • If either token is a native stablecoin, LST, or governance token, provide extra details on Use case, Redemption mechanics, Peg stability: FXS is the staking and governance token of the entire Frax ecosystem. All utility is concentrated into FXS and its locked variant, veFXS.
  • Are token contracts upgradable? Yes
  • Token Control: Multisig
  • Is the token contract verified? Yes
  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…)
    OFT Standard
  • Can the token be paused? No

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives: TBD
  • Specify for how many weeks you plan to allocate incentives: 8 - 24 Weeks
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.). multi-sig
  • 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) : 0x6e74053a3798e0fC9a9775F7995316b27f21c4D2

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • Increase stablecoin liquidity against Honey

Potential Volume / TVL:

  • TVL : 20 - 50m

Synergies with Other Protocols:

  • TBD

Marketing / Promotion:

  • Yes, We are working directly with Berachain team on it.

Long-Term Vision:

  • Eventually becoming a major stable pool for the chain.

7. Verification

Please post the following text with the provided X account:

2

Hi team,
Thanks for the proposal. There’s a lot of information that requires some more work here, however.
The minimum liquidity/holder requirements will need to be met, and there needs to be more granular information on plans for incentives, even if the numbers are estimates.

Finally, can you please comment on how this pool will ultimately drive value towards BERA as an asset? And have you explored integrations with any of the other protocols in the ecosystem?