Reward Vault Request for YEET-wgBERA Kodiak Island

Reward Vaults
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1. Proposer Details

  • Email: pemby@yeetit.xyz
  • Proposer’s project name: Yeet
  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): https://x.com/eatsleepyeet
  • Best Telegram Handle for questions/fixes: @lps0x

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): Yeet core team

2. Protocol Details

3. Contract/Pool Details

  • Contract Name: YEET-wgBERA kodiak island
  • Contract Address: 0x412c9f79779AE6C3a13a318252b29c559be756Ca
  • Contract Type / Configuration: Custom contract
  • Describe how the contract works: Kodiak Islands are ERC20-wrapped Kodiak V3 positions specifically designed to “always in-range” for Berachain Proof of Liquidity. See docs for details: Islands | Kodiak Finance
  • Contract Fees: 0.3% trading fee tier
  • Existing Liquidity / TVL: current liquidity and volume stats (if applicable). live data: Kodiak Finance
  • Identify any address(es) controlling more than 10% of the contract shares
    • 0x6B98cd832ef75b0f33BB5fa21ce28D3a652637f8 (Yeet treasury)
    • Please note that the ownership of the LP is extremely centralized right now as it was done so in order to meet the 100k minimum requirement, however we expect this to decrease and decentralize rapidly once incentives begin
  • Is the contract upgradable? Yes
  • Contract Control: Multisig
  • Additional details on Contract Control: Contract controls are used by the “manager” of the Kodiak Island for permissioned rebalancing of the range to provide active liquidity.
  • Is the contract verified? Yes.
  • Can the contract be paused? Yes, for security reasons. Kodiak Islands are actively monitored by the HyperNative Security Monitoring system that has permission to pause using their real-time threat monitoring system. Unpause is controlled by the “manager” multisig described above.
  • Does the contract rely on oracles? No.

4. Token Details

Provide the following details for each token in the contract (up to 5):

For Non-Major Tokens:

Token 1:

  • Name: Yeet

  • Symbol: YEET

  • Contract Addresses (on Berachain and bridging addresses if cross-chain): 0x08A38Caa631DE329FF2DAD1656CE789F31AF3142

  • Tokenomics, Distribution, and Vesting: Yeetonomics | Yeet Documentation

  • Identify any address(es) controlling more than 10%: Protocol treasury: 0x019D3FdD8E0D4C9ac229a298c6a1a6634A35F894

  • Does the project issuing the token have any relationship with current Berachain validators? Yes

  • If yes, which one? THJ, Kodiak, Smilee

  • Total Supply Cap (if any): 1B

  • Circulating Supply: 439m

  • Token Type: Utility

  • Provide extra details: Can be staked for revenue

  • Are token contracts upgradable? No

  • Token Control: Multisig

  • Additional details on Token Control: Yeet core team multisig, but no major controls in the token contract

  • Is the token contract verified? Yes

  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…): Standard

  • Can the token be paused? No

Token 2:

  • Name: Wrapped gBERA
  • Symbol: wgBERA
  • Contract Addresses (on Berachain and bridging addresses if cross-chain): Berachain / 0xD77552D3849ab4D8C3b189A9582d0ba4C1F4f912
  • Tokenomics, Distribution, and Vesting: gBERA by Smilee Finance
  • Identify any address(es) controlling more than 10%: wgBERA Address Identification - Google Sheets
  • Does the project issuing the token have any relationship with current Berachain validators? Yes
  • If yes, which one? Smilee Finance Validator, Infrared Validators, Chorus Oneap
  • Total Supply Cap (if any): 4,789,039
  • Circulating Supply: 4,789,039
  • Token Type: LST
  • Provide extra details: gBERA provides a decentralized liquid staking token for $BERA. wgBERA is a non-rebasing ERC4626-compliant alternative that increases in value relative to the underlying gBera. It will be possible redeeming 1:1, once withdrawals will be enabled on Berachain network, until then unstaking from gBera won’t be possible. There is no mechanism in place to guarantee the peg, people can swap in and out using the liquidity pool. Amplification parameter is 750.
  • Are token contracts upgradable? No.
  • Token Control: Permissionless
  • Additional details on Token Control: /
  • Is the token contract verified? Yes
  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…): wgBERA is an ERC4626. convertToShare and convertToAsset functions have been adjusted to account for rewards accrued into gBERA (rebasing ERC20). Both wgBERA and gBERA designs are based on that of a standard LST.
  • Can the token be paused? No.

5. Token / Project Background / Incentive Token Whitelist

Indicate which tokens will be used and provide all relevant information below.

Required Data for Incentive Tokens:

  • Name: BERA
  • Symbol: BERA
  • Name: Wrapped gBERA
  • Symbol: wgBERA
  • Name YEET
  • Symbol: YEET

Additional Requirements:

  • Specify how many tokens you plan to allocate for incentives and over what period of time: Up to 5,000 BERA and wgBERA per week for at least the first 3 months.
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.). Multi-sig
  • Incentive Manager address for YEET: 0x6B98cd832ef75b0f33BB5fa21ce28D3a652637f8
  • Incentive manager address for wgBERA: 0xb28BEde667acd985b6DfF27717CC008010947F8F

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?
    • we will make bribes which will mechanically benefit validators and delegators
    • it will deepen liquidity for wgBERA and YEET, and also increase TVL in Kodiak,
    • it enables the YEET/wgBERA pair, and vicariously other tokens paired against YEET and wgBERA due to increased volumes due to arbitrage
  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
    • Yes, both wgBERA and YEET.
  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
    • Yes, YEET is used across partner protocols and will become more widely integrated across defi
    • wgBERA has many pools and is widely used across the ecosystem

Potential Volume / TVL:

  • Provide metrics or estimates on liquidity you expect to attract.
    • We expect to attract 4-5m of TVL
  • Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
    • No liquidity commitments

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
    • It will more easily enable setting up oracles for both wgBERA and YEET, leading to wider usecases across the DeFi ecosystem. Namely for use as collateral in lending markets

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity?
    • Yeet and Smilee will help bootstrap liquidity and promote

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.)
    • This can become a core pool in the eco as both Yeet and Smilee will be matching incentives

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]”

Insert post link: https://x.com/eatsleepyeet/status/1927749501294440486

1 Like
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As Smilee, we support this application as it is part of our program to support the OG protocols on Berachain to have more bribing power and push the most important eco tokens.

Yeet is a great partner of us, and it’s a pleasure for us to work with them.

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*Specify how many tokens you plan to allocate for incentives and over what period of time: Up to 5,000 BERA and wgBERA per week for at least the first 3 months.

Up to but what is the minimum?