RFRV Reward Vault Request for apDAO Treasury Vault

Reward Vaults
4

Henlo @BeraLabsTeam apDAO would like to amend our RV request to clarify how BGT emissions will be utilized.

The apDAO governance proposal that authorizes this RV requires that all emissions are retained as either BERA LSTs or BGT LSTs. Please see the below excerpt:

Vault BGT emissions are to be used as follows:

  1. mint or purchase fatBERA (boosting the apDAO x Beradrome validator stake)
  2. periodically claim as an LST (at the discretion of the beekepers subject to ongoing assessment of premium and liquidity) and convert to $BERA or $fatBERA until the amount used for incentives that week is replenished
  3. claim any surplus emissions in each weekly period through bgt.markets as $mBGT to form part of apDAO treasury (which subject to any further proposals is to be used to boost the Beradrome x apDAO Validator)

As such, the BGT Foundation and the BeraLabs Team can be assured that this RV is a well-aligned and positive catalyst for BERA, essentially black-holing emissions to utilize their yield for treasury yield, participate in validator boosting via BGT LSTs, and increase network security through validator staking via fatBERA. In the future, apDAO governance may contemplate proposals to further utilize the resulting BERA or BGT LSTs to provide liquidity to key pairs that support a vibrant Berachain ecosystem.

And furthermore, this Berachain alignment is core to apDAO. It is enshrined in its corporate charter, governance standards, and has been a key point in its public positioning since inception. Please see the below excerpt from the apDAO docs:

ApiologyDAO (apDAO) exists at the financial core of the Berachain ecosystem, functioning as a “hive” that bootstraps cultural and financial liquidity across the many DeFi protocols that live on Berachain. apDAO supports and grows these key protocols by strategically directing the flow of investments and resources to various applications, helping to foster deep integrations and deep liquidity for Berachain. Like bees, apDAO pollinates across the application layer, all for the strategic benefit of the hive.

This should breed confidence that apDAO’s commitment to using the emissions of this RV in alignment with BERA, BGT, and the Berachain economy is enduring.