Reward Vault Request (Non-BEX) for NECT-canaNECT on Burrbear

Reward Vaults
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1. Proposer Details

2. Protocol Details

3. Reward Vault and Staking Token Details

4. Tokens Information

  • Name: Nectar

  • Symbol: NECT

  • Token Contract Addresses : 0x1cE0a25D13CE4d52071aE7e02Cf1F6606F4C79d3

  • Name: canaNECT

  • Symbol: canaNECT

  • Token Contract Addresses: 0x439c84851bb1EDd8Db3DD94809ebBEA6670682F3

5. Incentive Tokens

Incentive Token #1

  • Name: POLLEN

  • Symbol: POLLEN

  • Token Contract Addresses: 0xc99e948e9d183848a6c4f5e6c1d225f02f171d79

  • Tokenomics, Distribution, and Vesting: What is POLLEN?

  • Identify any address(es) controlling more than 10%: POLLEN TOKEN HOLDERS

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

  • If yes, which ones? Infrared, THJ, Kodiak, BeraBorrow, BeraPaw, Smileee, apDAO, Validation Cloud.

  • Total Supply Cap (if any): 420,000,000

  • Circulating Supply: 45,992,248

  • Token Type: Governance

  • If either token is a native stablecoin, LST, or governance token, provide extra details:
    POLLEN is the Beraborrow governance token, enabling active participation in the protocol’s governance and liquidity incentives.
    It serves as a way for the protocol to utilise Proof of Liquidity to further the adoption of NECT, without having to create a new rewards vault for every NECT (our stablecoin) use case.
    POLLEN is a means to increase exposure to Berachain governance through the utility of the Beraborrow protocol.
    Creating a flywheel where more NECT utility enables more users to use Beraborrow for leverage, thus increasing total interest rates/fees to the Rewards Vault, meaning more value can be passed through to incentivise liquidity. And the flywheel repeats.

  • 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 have any functions been customized?: Yes - standard ERC20

    • Can the token be paused? No

  • Incentive Manager address: 0x9207D0b7009Fa963f20683442edc6071201A923D

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives:
    Pollen will be allocated by beraborrow proportionally to the amount of NECT in the LP

  • Specify for how many weeks you plan to allocate incentives: Indefinitely

  • **Outline how decisions about token incentives are made (DAO, multi-sig, etc.): **
    Multi-sig

  • Incentive Manager address: 0x9207D0b7009Fa963f20683442edc6071201A923D

Incentive Token #2

  • Name: Burr Governance Token

  • Symbol: BURR

  • Token Contract Addresses: 0x28e0e3B9817012b356119dF9e217c25932D609c2

  • Tokenomics, Distribution, and Vesting: Tokenomics | BurrBear Tokenomics | BurrBear , Emissions Schedule | BurrBear Emissions Schedule | BurrBear

  • **Identify any address(es) controlling more than 10%in un
    **

    • Team multisig 0xf215001faD7b5819eEb414bC0d15810EA208fd5C. See allocation breakdown Tokenomics | BurrBear Tokenomics | BurrBear
    • Burned token address (total 10% burned) ~ 0x000000000000000000000000000000000000dEaD

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

  • If yes, which ones? Infrared, THJ, Kodiak, Smillee, apDAO, Validation Cloud.

  • Total Supply Cap (if any): 100M with 10M Burned

  • Circulating Supply: 26% sold to community

  • Token Type: Governance

  • If either token is a native stablecoin, LST, or governance token, provide extra details: Governance | Governance | BurrBear

  • Are token contracts upgradable? No

  • Token Control: Governance

  • Additional details on Token Control: Multisig pre TGE, Governance post TGE

  • 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 ERC20

  • Can the token be paused? No

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives: $1000 worth of BURR tokens

  • Specify for how many weeks you plan to allocate incentives: 4

  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.): Multi-sig

  • Incentive Manager address: 0x9207D0b7009Fa963f20683442edc6071201A923D

Incentive Token #3

  • Name: BERA

  • Symbol: BERA

  • How many/week: $1000 worth of BERA

  • How many weeks: 10

  • Incentive decision process: Multi-sig

  • Incentive Manager Address: 0x9207D0b7009Fa963f20683442edc6071201A923D

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?
    The NECT–canaNECT vault deepens liquidity for NECT, one of Berachain’s core stable assets, while making it more attractive to hold and lend. By incentivizing this vault, we drive greater demand for stablecoin usage across DeFi protocols and strengthen governance farming loops, as leveraged borrowers farm BGT/iBGT and feed back into Berachain’s PoL flywheel. It also enhances overall capital efficiency by enabling NECT to become a productive asset deployed across integrated protocols such as Beradrome, Infrared, and RootsFi.

  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
    Yes, NECT, one of Berachain’s core stable assets, and deeper liquidity directly improves DEX trading depth, protocol borrowing, and stablecoin adoption.

  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
    Yes, the NECT–canaNECT LP is integrated with Beradrome and serves as a stable-stable pair, allowing for deeper routing of NECT in trading pairs and leveraged strategies that touch other protocols (Infrared vaults, RootsFi MEAD staking).

Potential Volume / TVL:

  • Provide metrics or estimates on liquidity you expect to attract.
    On Beradrome, the NECT-canaNECT vault currently has a TVL ~$70k, generating 11.31% APR and capturing 1.53% oBERO. We expect the vault TVL to reach $250,000+ in the first 4–6 weeks.

  • Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
    Both Beracana and Beraborrow plan to seed initial liquidity ourselves and encourage LP growth through marketing and boosted xCANA rewards.

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
    The vault integrates with Beradrome for LP staking and rewards, while borrowed NECT is frequently routed into RootsFi MEAD vaults, boosting ecosystem composability. It enhances lending and borrowing efficiency within Beracana’s leverage flywheel and BGT farming.

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity?
    Yes.

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.)
    The NECT–canaNECT vault is set to become a core stablecoin liquidity pool on Berachain. With $CANA emissions and gauge voting, it will remain incentivized and evolve into the primary stable lending market, driving sustainable BGT demand and reinforcing NECT as a dominant stable asset in the ecosystem.
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Hi team, at the time of review, the following concern was identified:

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 appropriate updates, this application would be in a better position for Reward Vault consideration.

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Bm BeraLabsTeam!
Thank you for the feedback.

In the given link it’s mentioned that we would need $50,000 when paired with a Major asset.

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In our case, $NECT is a stablecoin, and canaNECT is a ‘collateral token’ of $NECT (an interest bearing token of $NECT).

At the moment we have $62,354 in TVL on Beradrome.

Screenshot 2025-09-04 at 3.22.12 PM
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Awaiting your feedback.
Thank you.

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Hi @barren_buffett - Thank you for your response. However, the $50,000 USD in major asset requirement is an additional condition applied when a pool contains a major asset. It does not override the primary requirement that each pool must maintain at least $100,000 USD in total TVL.