1. Proposer Details
- Proposer’s project name
TWIN Finance - Proposer’s email
Bullseye0x@twinfinance.io - Proposer’s X account
@TwinFinance
Best Telegram Handle for questions/fixes
@Bullseye0x
2. Protocol Details
-
Your Protocol Name
TWIN Finance -
Protocol Description
Synthetic assets protocol for derivatives of real world assets (“TWIN Assets”) on Berachain -
Protocol audits links
Audit by Sub7 Securities | TWIN Finance -
Protocol URL (link to dApp)
app.twinfinance.io
Protocol Logo URL (image must be 1024x1024 and non-transparent)
3. Reward Vault and Staking Token Details
-
Vault Name
TWIN MSTR-HONEY -
Reward Vault Address:
0xbd89970d226723ce837239614381ede556acaefe -
Logo URL: Vault Image 1024x1024 and non-transparent
https://raw.githubusercontent.com/TWIN-Protocol/BrandAssets/main/TWIN%20MSTR-HONEY.png
-
Staking Token Address
0xE0dA06290f72c16dd7a296751E0fA20706a703A2 -
Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply.
https://docs.google.com/spreadsheets/d/1MZOS5MMrLU1EGKD0ZcEOCKbBN9VKQ1MwumbSGouQVBM/edit?gid=0#gid=0
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Is the Staking Token located on BEX?
No -
Specify the protocol where the Staking Token is located
Kodiak -
Link to where the Staking Token is located
https://app.kodiak.finance/#/liquidity/v2/add/0x80d6206c800a6EDe51eC52fE724DF57fa4B4410B/0xFCBD14DC51f0A4d49d5E53C2E0950e0bC26d0Dce?chain=berachain_mainnet
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Audit link(s) of the protocol where pool is located *
For Kodiak:
For TWIN Finance:
-
Existing Liquidity / TVL
77k$ -
Describe how a user should acquire this staking token
Mint the MSTR (alongside iMSTR) TWIN Asset token on aap.twinfinance.io and acquire the staking token by depositing liquidity into the MSTR-HONEY pool on Kodiak. (LPs are recommended to do the same with the iMSTR (short) token, in order to have a hedged, “quasi delta neutral” combined LP position when providing liquidity in both MSTR-HONEY and iMSTR-HONEY.) -
Reward Duration address
0x4dBA7bB548d5CEda043Fb3856c54cF357213Ee7b
4. Tokens Information
1st Asset in Pool:
TWIN Asset Token MSTR
MSTR
0x80d6206c800a6EDe51eC52fE724DF57fa4B4410B
2nd Asset in Pool:
Honey Token
HONEY
0xfcbd14dc51f0a4d49d5e53c2e0950e0bc26d0dce
5. Incentive Tokens
Incentive Token 1
- Name
Bera - Symbol
BERA
Incentive Token 2
- Name
Bridged USDC (Stargate) - Symbol
USDC.E
Specify how many tokens per week you plan to allocate for incentives
175 BERA per week.
USDC will not initially, but only later be allocated for incentives. Background: The TWIN Finance protocol earns its fees in USDC, a.o., and therefore - at a later stage - these protocol earnings shall be used for incentives as well.
Specify for how many weeks you plan to allocate incentives
$BERA for at least 12 weeks.Target is to have incentives ongoing continuously after that
Once USDC is also used for incentives, this shall be done continuously; on an ongoing basis
Outline how decisions about token incentives are made
Multisig Decision
Incentive Manager address
0x4dBA7bB548d5CEda043Fb3856c54cF357213Ee7b
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
It will incentivize to increase liquidity in the MSTR RWA (long token) derivative on Berachain, making trading more efficient and giving users the opportunity to gain exposure to the RWA asset; asset class. - Will it deepen liquidity for a major ecosystem token?
In this case MSTR is paired against Honey, hence creating a demand for Honey from users who want to provide liquidity in such pools. - Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
Yes, in our opinion. MSTR, amongst other twin assets, is a unique permissionless trading opportunity on Berachain. Two main user groups can drive adoption:
A: LPs looking for yield at manageable risk (When providing liqui in MSTR and iMSTR at the same time, they are hedged to a great extent and can provide liquidity quasi delta neutral, almost like stable coin farming.)
B: Traders/investors who just buy and sell the TWIN Asset token MSTR token against Honey, targeting returns from their on-chain investments in synthetic TWIN assets on RWAs like MSTR.
Potential Volume / TVL:
-
Provide metrics or estimates on liquidity you expect to attract.
Initial pool target is 100k$ which shall significantly be exceeded over time. -
Highlight any known liquidity commitments.
On top of what has been provided already, none by now.
Synergies with Other Protocols
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
Not right now, but going forward this is planned.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
Ongoing Partnership with Kodiak and co-promotion with target to increase liquidity and user adoption substantially.
Long-Term Vision:
- How could this reward vault evolve over time?
As TWIN targets to become the hub for RWAs and an on-chain Neobroker on Berachain, MSTR- as synthetic “long” derivative of one of the major Equity RWAs - should become a cornerstone investment for users searching RWA equities long exposure on chain. The reward vault shall facilitate much higher liquidity in the pair, so in perspective the MSTR asset tokens could also be used in lending protocols, i.e. lending out and earning yield on top of holding the asset as well as borrowing against it and loop for leverage. Also, with sufficient liquidity in the MSTR pair, options could be created on the TWIN Asset MSTR as an underlying, which Partner protocols of TWIN Finance could facilitate.