Reward Vault Request for BREAD/OHM Kodiak Island
1. Proposer Details
- Email: masterbaker@bakerdao.io
- Proposer’s project name: BakerDAO
- Proposer’s X account: https://x.com/BakerDAO420
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): Protocol
- Protocol Details
- Protocol Name: BakerDAO
- Protocol Type: Non liquidateable loans and leverage
- Protocol X profile link: https://x.com/BakerDAO420
- Protocol docs link: https://documentation.bakerdao.io/
- Protocol audits links: Security | Baker DAO
- Does the protocol have any relationship with current Berachain validators?: Yes
- Contract/Pool Details
- Contract Name: BREAD/OHM island
- Contract Address: 0xd9a747880393f7c33cef1aea36909b36d421f7e5
- Contract Type / Configuration: kodiak island
- Describe how the contract works: LP token can be minted/burned by providing or withdrawing liquidity into the island
- Contract Fees: Typical Kodiak island fees
- Existing Liquidity / TVL: $1M
- Identify any address(es) controlling more than 10% of the contract shares: The Yield farms owns 99% of island tokens
- Is the contract upgradable?: Yes
- Contract Control: Multisig
- Is the contract verified?: Yes
- Can the contract be paused?: Yes, dependent on alerts from Hyper Native security monitoring system and other risk control systems in place for asset management
- 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: BREAD
- Symbol: BREAD
- Contract Addresses (on Berachain and bridging addresses if cross-chain): 0x0003eedfdd020bf60d10cf684abac7c4534b7ead
- Tokenomics, Distribution, and Vesting (links to official docs, website, etc.): Baking and Burning | Baker DAO
- Identify any address(es) controlling more than 10%: liquidity pool, yield farm
- Does the project issuing the token have any relationship with current Berachain validators?: Yes
- Total Supply Cap: N/A
- Circulating Supply: 3,670,756
- Token Type: Other
- Provide extra details (e.g. Use case, Redemption mechanics, Peg stability): minted and burned on an up-only bonding curve
- Are token contracts upgradable?: no
- Token Control: Multisig
- Is the token contract verified?: Yes
- Is the token a standard ERC20 or any functions have been customized?: ERC20 with custom functions
- Can the token be paused?: No
Token 2:
- Name: OHM
- Symbol: OHM
- Contract Addresses (on Berachain and bridging addresses if cross-chain): 0x18878Df23e2a36f81e820e4b47b4A40576D3159C
- Tokenomics, Distribution, and Vesting (links to official docs, website, etc.): https://docs.olympusdao.finance/
- Identify any address(es) controlling more than 10%: Olympus treasury
- Does the project issuing the token have any relationship with current Berachain validators?: Yes
- Total Supply Cap: N/A
- Circulating Supply: 18,238,441
- Token Type: Utility/governance
- Provide extra details (e.g. Use case, Redemption mechanics, Peg stability):
- Are token contracts upgradable?: no
- Token Control: Multisig
- Is the token contract verified?: Yes
- Is the token a standard ERC20 or any functions have been customized?: ERC20
- Can the token be paused?: No
5. Token / Project Background / Incentive Token Whitelist
Only two 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 Token:
- Name: OHM
- Symbol: OHM
- Name: wrapped BERA
- Symbol: wBERA
Additional Requirements:
- Specify how many tokens per week you plan to allocate for incentives: 500 wBERA per week target for incentives (net value using both OHM and wBERA)
- Specify for how many weeks you plan to allocate incentives: 3 month initial duration with target to renew & adjust incentives
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.): multisig
- Incentive Manager address for wBERA (this address will manage the incentive token, being able to add incentive tokens to the reward vault and change the incentive rate): 0xa9592b702e8bbf6485136e94ee84af263cc3a69b
-
- Incentive Manager address for OHM (this address will manage the incentive token, being able to add incentive tokens to the reward vault and change the incentive rate): 0x91494D1BC2286343D51c55E46AE80C9356D099b5
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?: Will deepen liquidity for BREAD/OHM
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?: Yes, OHM
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?: Yes, it will drive the adoption of both OHM - large stable asset, and BREAD, a BERA derivative
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract: current TVL is 1m, with estimated 2-3m 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 external capital commitments
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?: synergies with Kodiak, Yeet, and Olympus
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?: Yes, co-marketing with Kodiak, Yeet, and Olympus
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 vault could evolve to become a core liquidity pair
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]”