Reward Vault Request for BREAD single sided staking
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 Details
- Contract Name: BREAD
- Contract Address: 0x0003eedfdd020bf60d10cf684abac7c4534b7ead
- Contract Type / Configuration: ERC-20 token
- Describe how the contract works: An ERC-20 token with custom functions, such as minting/burning on a bonding curve
- Contract Fees: 2.69% on minting and burning
- Existing Liquidity / TVL: $1M
- Identify any address(es) controlling more than 10% of the contract shares: The liquidity pool
- Is the contract upgradable?: No
- Contract Control: Multisig
- Is the contract verified?: Yes
- Can the contract be paused?: No
- Does the contract rely on oracles?: No
4. Token Details
Provide the following details for each token in the contract (up to 5):
Please note that this is NOT a proposal for an external staking contract, this is a proposal for direct staking of BREAD in the Berachain reward vault
Token Details:
- 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
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: BREAD
- Symbol: BREAD
- Name: wrapped BERA
- Symbol: wBERA
Additional Requirements:
- Specify how many tokens per week you plan to allocate for incentives: 300 wBERA per week target for incentives (net value using both BREAD 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 (this address will manage the incentive token, being able to add incentive tokens to the reward vault and change the incentive rate): 0xa9592b702e8bbf6485136e94ee84af263cc3a69b
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?: Will incentivize baking of BREAD, which increases collateral value of existing loan holders and frees up more BERA for farming. Furthermore, it helps promote usage of a Berachain protocol.
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?: No
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?: No
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract:current liquidity stats Kodiak Analytics
- Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.): None, this will be to incentivize BREAD stakers
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, as well as BakerDAO itself
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 will not evolve significantly besides becoming a BREAD sink
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]”