Proposer Details
- Proposer’s project name: Beraborrow
- Proposer’s email: kobble@beraborrow.com
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes) https://x.com/beraborrow
Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts)
Kob_Class
Purpose of the amendment
To add Pollen, the Beraborrow governance token as the third incentive token onto the sNECT rewards vault.
Important to note: Currently incentives on this RV are primariliy denominated in NECT, The Plans is to now use a combinating of NECT and POLLEN to ensure we can sustain a stable flow of BGT.
Token Details
Provide the following details for each token in the contract (up to 5):
- Name: POLLEN
- Symbol: POLLEN
- Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address: 0xc99e948e9d183848a6c4f5e6c1d225f02f171d79- Tokenomics, Distribution, and Vesting (links to official docs, website, etc.) What is POLLEN? | Beraborrow
- Identify any address(es) controlling more than 10% (address / type: team, foundation, investor, etc.): POLLEN HOLDERS - Google Sheets
- Does the project issuing the token have any relationship with current Berachain validators? Yes
- If yes, which one?: Infrared, THJ, Kodiak, Smillee, apDAO, Validation Cloud.
- Total Supply Cap (if any): 420,000,000
- Circulating Supply: 84.01M POLLEN
- Token Type: Governance
Provide extra details
- POLLEN is the Beraborrow governance token, enabling active participation in the protocols governance and liquidity incentives.
- It serves as a way for the protocol to utliise 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
- Is the token contract verified? Yes
- Is the token a standard ERC20 or any functions have been customized?: Standard ERC20
- Can the token be paused? No