RFRV Reward Vault Request for Euler - MEV Capital Red Cluster WBERA Lending

Reward Vaults
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Reward Vault Request - Euler MEV Capital Red Cluster WBERA Lending

1. Proposer Details

  • Proposer’s project name: Euler - MEV Capital cluster
  • Proposer’s email: [REDACTED]
  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): https://x.com/caZUBelli
  • Best Telegram Handle for questions/fixes: @juliojulip

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

2. Protocol Details

3. Contract/Pool Details

  • Vault Name: Euler MEV Capital Red Cluster wBERA
  • Contract Address: 0xab5de27dd4bbf1a47d96ad67f8c59e5859c72f80
  • Contract Type / Configuration: Lending Pool
  • Describe how the contract works: User deposits underlying asset and receives ERC20 EToken representative of deposit. These deposits can be used as collateral to borrow other tokens from the platform
  • Contract Fees: 20% of borrow interest is split 50/25/25 between the auto-bribing mechanism (50%), the protocol (25%) & the market curator (25%)
  • Existing Liquidity / TVL: current liquidity and volume stats (if applicable) > 100,000$, liquidity is going to be boostrap once RFRV submitted
  • Identify any address(es) controlling more than 10% of the contract shares : We may see of centralization of the supply as liquidity will be bootstrapped to meet the required TVL threshold.
  • Is the contract upgradable? - Yes, proxy contract
  • Contract Control: Multisig
  • Additional details on Contract Control : Governance to be transferred to time-locked multisig, primarily for control of lending market parameters
  • Is the contract verified? - Yes
  • Can the contract be paused? - Yes
  • Does the contract rely on oracles? - Yes ; used for valuation within the lending market. It is a Redstone Classic oracle

4. Token Details

Provide the following details for each token in the contract (up to 5):

For Major Tokens:

  • Name: BERA
  • Symbol: $wBERA
  • Contract address: 0x6969696969696969696969696969696969696969

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 1:

  • Name: BERA
  • Symbol: $wBERA

Additional Requirements:

  • Specify how many tokens you plan to allocate for incentives and over what period of time : 250-4000 BERA per week for 6 months, which will be modified depending on effectiveness of incentives and the market dynamic. These BERA tokens include both incentive from Euler foundation and from the auto-bribing mechanism, which will definitely influence the amount of weekly bribes
  • Incentive Manager address: 0xB672Ea44A1EC692A9Baf851dC90a1Ee3DB25F1C4

Required Data for Incentive Token 2 :

  • Name: Infrared
  • Symbol: $iBERA

Additional Requirements:

  • Specify how many tokens you plan to allocate for incentives and over what period of time : iBERA bribes could be considered later to compensate the BERA bribes, or even to make it as a standard reward in the Red Cluster
  • Incentive Manager address: 0xB672Ea44A1EC692A9Baf851dC90a1Ee3DB25F1C4

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain? Euler can establish a robust market, serving both users as a primary layer and enabling other protocols to enhance composability across the chain. Ample liquidity on DEXs and MMs forms the foundation of a sustainable DeFi ecosystem.
  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)? This vault is purpose-built to introduce a new market dynamic for Infrared products. By enabling oriBGT looping with $BGT / $iBGT rewards, it directly responds to strong community demand. The cluster is also designed to accommodate additional Infrared-related assets in the future, fostering broader ecosystem growth.
  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects? This market is a close collaboration between Euler and Infrared, unlocking a new looping strategy while continuously feeding the PoL. Moreover, the BERA lending token can be used in other protocols such as Bearn (yBERA), SetAndForgetti from THJ, Sting, fostering deeper liquidity and benefiting the entire ecosystem

Potential Volume / TVL:

  • Provide metrics or estimates on the liquidity you expect to attract : We expect to attract $4M BERA/oriLBGT few weeks after launch.
  • Highlight any known liquidity commitments. (If you or your partners plan to seed the contract, provide proof of funds or a statement of intent.) : LPs partners will collaboratively bootstrap liquidity in this market, ensuring minimum thresholds are met while reinforcing the flywheel effect via the auto-bribing mechanism.

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain? Several looping and lending strategies, such as Origami. Direct market utility through Infrared’s staking derivative.

Marketing / Promotion:

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

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.) : Euler’s Red Cluster was created to address a specific demand within the Infrared ecosystem. Its goal is to boost TVL and help sustain the positive premium on iBGT.

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]”

Insert post link

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