Reward Vault Request for xfatBERA-BERA

Reward Vaults
1

RFRV

Reward Vault Request for xfatBERA-BERA

Criteria for approval

1. Proposer Details

  • Proposer’s project name: THJ
  • Proposer’s email: jnova@0xhoneyjar.xyz
  • Proposer’s X account: @fatbera_
  • Best Telegram Handle for questions/fixes: @fungiblehuman

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

2. Protocol Details

3. Reward Vault and Staking Token Details

4. Tokens Information

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

  • Name: Extra Fat BERA

  • Symbol: xfatBERA

  • Token Contract Addresses: 0xcAc89B3F94eD6BAb04113884deeE2A55293c2DD7

  • Name: BERA

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: Extra Fat BERA
  • Symbol: xfatBERA
  • Token Contract Addresses: 0xcAc89B3F94eD6BAb04113884deeE2A55293c2DD7
  • Tokenomics, Distribution, and Vesting: xfatBERA is minted by wrapping fatBERA, which is minted by staking BERA. There was no initial distribution or other tokenomics.
  • Identify any address(es) controlling more than 10%:
  • Does the project issuing the token have any relationship with current Berachain validators? Yes
  • If yes, which ones? The Honey Jar, Beradrome-x-apDAO, Berabaddies, and The Empty Jar
  • Total Supply Cap (if any) n/a
  • Circulating Supply: 4,456
  • Token Type: LST
  • If either token is a native stablecoin, LST, or governance token, provide extra details on Use case, Redemption mechanics, Peg stability: xfatBERA is an autocompounding wrapper for fatBERA, which is a BERA LST associated with a group of THJ-affiliated validators. xfatBERA peg is maintained through liquidity provisioning in a Kodiak Island and soon through redemptions. xfatBERA can be unwrapped to fatBERA, which soon will support validator staking withdrawals to redeem for BERA.
  • 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…) It’s a standard erc20 receipt from a standard erc4626 vault
  • Can the token be paused? Yes

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives: 5,500 BERA
  • Specify for how many weeks you plan to allocate incentives: Ongoing
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.).: Multisig
  • Incentive Manager address: 0x244160033f0946f264D1771904d1d554463d7359

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain? This vault incentivizes minting & staking fatBERA with Bera-native community validators. It serves as a BERA supply sink, increases Berachain network security, and supports independent ecosystem projects.
  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)? Yes, BERA.
  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects? Indirectly, yes. It increases stake to validators that have a preference to emitting to several important Berachain projects including Beradrome, Henlo, Beraborrow, Yeet, and Ramen, among others.

Potential Volume / TVL:

  • Provide metrics or estimates on liquidity you expect to attract. fatBERA has already attracted over 11M BERA. We expect that by providing additional incentives through PoL we will greatly expand that figure, with a goal to double it.
  • Highlight any known liquidity commitments. THJ has seeded it with $20k of liquidity.

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain? Not initially, but perhaps soon.

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity? Yes: THJ, Beradrome, apDAO, and Berabaddies will co-market.

Long-Term Vision:

  • How could this reward vault evolve over time? At the moment there are 2 major BERA LSTs. fatBERA and this xfatBERA/BERA LP take some meaningfully different approaches in several layers of the BERA LST design space. Adding a 3rd major BERA LST is good for diversity of choice and healthy competition for staking the chain’s native asset.

7. Verification

Please post the following text with the provided X account:

“Submitted Reward Vault Request for xfatBERA-BERA on protocol Kodiak with incentive token xfatBERA”

2

Hi team, at the time of review, the following concerns were identified:

• Pool liquidity is below minimum required threshold (Minimum of USD 100,000)
• The proposed incentive amount does not satisfy the requirement to incentivize at least $10,000 per month
• Please provide a valid reward vault address for this staking token.

Please note that the following feedback doesn’t represent the opinions of the BGT Foundation. It is contextual feedback from the Bera ecosystem team with respect to publicly stated guidelines.

With the following changes implemented, this application should be a better candidate for a Reward Vault.

3

Henlo @BeraLabsTeam. Please see updates below.

  • Pool liquidity is below minimum required threshold (Minimum of USD 100,000).
    • Our bad. Pool liquidity is now USD 440,000.
  • The proposed incentive amount does not satisfy the requirement to incentivize at least $10,000 per month
    • Your bad. We stated 5,500 BERA per week, which is more than $10,000 per month.
  • Please provide a valid reward vault address for this staking token.
    • Our bad. The correct reward vault address is 0xcfAB805c47D3bcc41a2C5c1F702E6FF8118208a1