Reward Vault Request STG-HONEY on Kodiak

Reward Vaults
1

RFRV

Reward Vault Request for Kodiak Island STG-HONEY-0.3% (KODI STG-HONEY)

Criteria for approval

1. Proposer Details

  • Proposer’s project name: Stargate Finance
  • Proposer’s email: tristan@stargate.foundation
  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): @StargateFinance
  • Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts) @stgNutzs

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

  1. Protocol Details
  1. Reward Vault and Staking Token Details

4. Tokens Information

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

  • Name: Stargate Governance Token

  • Symbol STG

  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
    ETH:0xaf5191b0de278c7286d6c7cc6ab6bb8a73ba2cd6
    Bera: 0x9895D81bB462A195b4922ED7De0e3ACD007c32CB
    OP: 0x296F55F8Fb28E498B858d0BcDA06D955B2Cb3f97 ARB:0x6694340fc020c5E6B96567843da2df01b2CE1eb6 BASE:0xE3B53AF74a4BF62Ae5511055290838050bf764Df
    Polygon: 0x2F6F07CDcf3588944Bf4C42aC74ff24bF56e7590
    Avalanche: 0x2F6F07CDcf3588944Bf4C42aC74ff24bF56e7590

  • Name: HONEY

  • Symbol HONEY

  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
    0xFCBD14DC51f0A4d49d5E53C2E0950e0bC26d0Dce

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:

Incentive token 1

  • Name : Stargate Governance Token
  • Symbol: STG

Incentive token 2

  • Name : HONEY

  • Symbol: HONEY

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

  • If yes, which ones? Nocturnal / Kodiak

  • Total Supply Cap (if any): 1,000,000,000

  • Circulating Supply: 1,000,000,000

  • Token Type: Governance / Revenue share

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

STG token can be used to stake for governance via a ve staking model. Stakers are also entitled to 50% of all revenue generated by the protocol

  • Are token contracts upgradable?: No
  • Token Control:

This token can be bridged over from other chains such as Arbitrum, Optimism, Base, Ethereum and many others.

  • Additional details on Token Control: NIL
  • Is the token contract verified? Yes
  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…):

No it is not a standard ERC-20. The STG token uses the OFTs, similar to that of USDT0 and USDe for example. This enables the token to be minted and burned when moving across chains. All minting and burning of STG is verified securely through DVNs (decentralized verified networks).

  • Can the token be paused?: No

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives:

$100k worth of STG

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

12 weeks (Will revise this every 12 weeks)

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

A mixture of DAO decisions and via multi-sig. The DAO had passed the HEP-1 proposal that allows the incentivising of HydraChains.

  • Incentive Manager address : 0x5A185C81AFa796a753dd662343cbF911254f796e

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • Allows traders to trade STG tokens on Berachain itself
  • STG incentives were distributed to partnering protocols via Boyco

Potential Volume / TVL:

  • The Stargate DAO will seed the STG/HONEY pool with $5m TVL initially
  • $2.2m TVL pool on Uniswap did about $1.5m in volume last month and $5m in TVL should have no issues doing about $2m in trading volume monthly

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?:

No.

Marketing / Promotion:

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

No. The Stargate DAO treasury has more than sufficient assets to bootstrap liquidity

Long-Term Vision:

  • How could this reward vault evolve over time?

This reward vault will eventually become a core liquidity pair for STG, and it will serve as the gateway for STG holders who enter the Berachain ecosystem as well as for incentive recipients to swap their rewards for HONEY.

Eventually we could enable STG to be staked for governance voting in Stargate’s DAO

7. Verification

(https://x.com/StargateFinance/status/1922748554818486761)