RFRV
Reward Vault Request for uvPREM - iBERA
Criteria for approval
1. Proposer Details
- Proposer’s project name: Ultraviolet
- Proposer’s email: ultravioletficore@gmail.com
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): https://x.com/UV_Money
- Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts): wajmug
The proposer should be affiliated with the protocol or at least one of the tokens in the contract.
2. Protocol Details
-
Your Protocol Name: Ultraviolet
-
Protocol Description: Yield Bearing Derivatives
-
Protocol audits links: https://drive.google.com/file/d/1F7Rb9BYd8wvThIhdsQMi7yIBbjOYq_MO/view?usp=share_link
-
Protocol URL (website not live yet)
-
Protocol Logo URL https://drive.google.com/file/d/1wJRjbOAwl6VWVgM_YtZg1TBDNxISkSmP/view?usp=sharing
3. Reward Vault and Staking Token Details
-
Vault Name Ultraviolet | uvPREM-iBERA
-
Reward Vault Address: 0xa37E9695F56C29d0f33f4aE33C66AC90547b2231
-
Logo URL: https://drive.google.com/file/d/1KJXPd1hiU0243V44It1sGX53p3OEFPV0/view?usp=sharing
-
Staking Token Address: 0x6a924c5900977e167045DBA4A20475D541F86171
-
Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply. N/A
-
Is the Staking Token located on BEX? Yes
-
Specify the protocol where the Staking Token is located: BEX
-
Link to where the Staking Token is located: uvPREM | iBERA | BeraHub
-
Existing Liquidity / TVL - nil
-
Describe how a user should acquire this staking token - providing liquidity for uvPREM and iBERA on BEX
-
Reward Duration address: 0x3240568dd80A7aC5E7a482f1AC3601E1253f1a79
This address will manage the Reward Vault duration, i.e. the number of days over which BGTs are distributed to stakers. Note that:
- default duration is 7 days - i.e. BGTs are distributed over 7 days.
- it can be adjusted within a range of 3 to 7 days.
- changing the duration affects your vault’s APR.
4. Tokens Information
For each token in the pool/staking token, please provide
- Name: uvPREM
- Symbol: uvPREM
- Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0xe2Ad4e714C1858622C259E23cf67810546715Fb9
- Name: iBERA
- Symbol: iBERA
- Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
- 0x9b6761bf2397Bb5a6624a856cC84A3A14Dcd3fe5
5. Incentive Tokens
Only up to three 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: wBERA
- Symbol: wBERA
- Name: HONEY
- Symbol: HONEY
Additional Requirements:
- Specify how many tokens per week you plan to allocate for incentives
- Specify for how many weeks you plan to allocate incentives
- 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)
Incentives will be distributed according to yields and fees generated via the protocol. Variable week to week. Distributions occur via multisigs and incentive manager address is - 0x3240568dd80A7aC5E7a482f1AC3601E1253f1a79
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
Users now have a system that enables additional and unique ways to speculate not only on BERA but also infrared’s iBGT premium through ultraviolet.
This system enables a new opportunity for users who want specific exposure to BERA itself via a yield bearing high A pool to make BERA a more interesting asset to have exposure to.
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
Yes, this will deepen liquidity for BERA
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
Since Ultraviolet is built on top of infrared, we will collaborate and continue to grow the demand for BERA denominated assets.
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract.
We aim to initially capture 3% of iBGT, this would give us around $500k in TVL. We’re in touch with partners across the ecosystem to help seed and grow liquidity.
- Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
N/A
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
Yes, UV assets, once possible we will look to incorporate UV assets into aggregators, money markets and other Berachain related protocols.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
Yes, alongside Infrared.
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.)
There is scope for a pool like this to expand into a metapool for BERA LSTs that can help to grow the demand and LP size of BERA specific LSTs. I think more derivatives can also be build including and expanding on top of the two uv assets, including perpetual and option based products. We can amplify the effects of this via the money legos that DeFi on Berachain offers.
7. Verification
Please post the following text with the provided X account:
- Insert X post link
- Please insert the link to your proposal on the Berachain Governance Forum
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!