1. Proposer Details
- Proposer’s project name: Paddle Finance
- Proposer’s email: cryptowg30@gmail.com
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): @PaddleFi
- Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts): @Dirk0x
The proposer should be affiliated with the protocol or at least one of the tokens in the contract.
2. Protocol Details
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Your Protocol Name: Paddle Finance
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Protocol Description: First NFT Money Market on Berachain
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Protocol audits links: https://drive.google.com/file/d/1-r5ApTVuVgRXgMJkIeAp86HahuYwt0zt/view
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Protocol URL (link to dApp): PADDLE | The Versatile Liquidity Marketplace
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Protocol Logo URL (image must be 1024x1024 and non-transparent): https://drive.google.com/file/d/19HNxeoY34kwLJgKgR6ei5lRHwGSrKFnz/view?usp=drive_link
3. Reward Vault and Staking Token Details
- Vault Name: Paddle - WBERA | SteadyTeddys
- Reward Vault Address: 0xeb7499ee3034a82458e91c036b0e73732d1267f5
- Logo URL: https://drive.google.com/file/d/19HNxeoY34kwLJgKgR6ei5lRHwGSrKFnz/view?usp=drive_link
- Staking Token Address: 0xe16761787cF9bB0D3fC2E5C726dAe906ce81B102
- Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply.
- Is the Staking Token located on BEX? No
- Specify the protocol where the Staking Token is located: Our own protocol, held by our users
- Link to where the Staking Token is located:
- Existing Liquidity / TVL: Now there are 450 Steady Teddys sitting in this contract, which is $148,500 TVL
- Describe how a user should acquire this staking token: People deposit WBERA to acquire the staking token as a supply certificate. Teddy holders could then deposit their Teddys, increase the borrow limit, and then borrow out these WBERA. This is an NFT version Aave/Compound/Dolomite.
- Reward Duration address: 0x25a6A7FbE039C14B06aDB6BDA434B960981dbaed
This address will manage the Reward Vault duration, i.e. the number of days over which BGTs are distributed to stakers. Note that:
- default duration is 7 days - i.e. BGTs are distributed over 7 days.
- it can be adjusted within a range of 3 to 7 days.
- changing the duration affects your vault’s APR.
4. Tokens Information
For each token in the pool/staking token, please provide
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Name: Wrapped BERA
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Symbol : WBERA
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Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
0x6969696969696969696969696969696969696969 -
Name: Steady Teddys
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Symbol : steady_teddys
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Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
0x88888888A9361f15AAdBAca355A6B2938C6A674e
5. Incentive Tokens
Only up to three 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 Tokens:
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Name: BERA
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Symbol: BERA
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(if the name and symbol match one of the tokens already provided or a major token, skip the next steps)
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Name: Paddle Finance Token
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Symbol: PADD
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(if the name and symbol match one of the tokens already provided or a major token, skip the next steps)
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Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
Base: 0xF6dC6b3C80179C88290548aD077160249ABDf8E3
Berachain: 0xbab497e452E500580aE8Ec54b108e6225E07653a
- Tokenomics, Distribution, and Vesting (links to official docs, website, etc.): PADDenomics | Paddle Finance
- Identify any address(es) controlling more than 10%in un
(address / type: team, foundation, investor, etc.)
- Does the project issuing the token have any relationship with current Berachain validators? No
- If yes, which ones?
- Total Supply Cap (if any) : 1,000,000,000
- Circulating Supply: 10,000,000
- Token Type: Governance, Utility
- If either token is a native stablecoin, LST, or governance token, provide extra details on Use case, Redemption mechanics, Peg stability
- Share platform fee
- Vote for future token distribution
- VIP rights like fee reduction
- Are token contracts upgradable? No
- Token Control: Multisig & Governance
- Additional details on Token Control
- Is the token contract verified? Yes
- Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…)
standard ERC20 - Can the token be paused? No
Additional Requirements:
- Specify how many tokens per week you plan to allocate for incentives: depends on the volume of Lending and borrowing
- Specify for how many weeks you plan to allocate incentives: As long as Steady Teddys are still running, we will not stop this Teddy Money Market and bribing
- Outline how decisions about token incentives are made (DAO, multi-sig, etc.).: multi-sig and DAO governance (we will have a voting mechanism to decide which reward pool should get the most $PADD bribe)
- 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)
- 0x25a6A7FbE039C14B06aDB6BDA434B960981dbaed
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
This creates a real use case of NFTFi. NFT holders will be able to borrow out WBERA to participate in PoL play designed by Berachain. It will further make the whole Berachain community more engaged, and make NFT holders more willing to acquire new assets because their NFTs are not sitting idle in their wallet
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
Exactly, as NFT holders have strong demand of getting shortterm BERA liquidity, the design of this NFT will allow people to borrow from the market. With higher demand, which means there is a decent rate for token holders to earn, so they will be willing to hold their BERA and lend out to borrowers. It create a liquidity flywheel to make more and more people willing to acquire NFTs, and borrow from the market and redeploy back to the market. As NFT is the easiest way to acquire new communities, this mechanism will ensure them to be onboarded without giving up liquidity.
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
No, but we will integrate with other protocols to make the whole workflow more automatic and user friendly
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract:
Now without any incentives, we have captured $150K in NFT and 32,000 WBERA. After BGT emission and integration with Beratrax and infrared Finance, we expect 4-5x increase in NFT and even more on WBERA.
- Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
Yes, we will integrate with Infrared Finance and Beratrax to increase the yield efficiency
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity?
- We are official partner of Steady Teddys and we will work together on marketing to bootstrap liquidity
- Once the BGT emission is approved, we will work with Beratrax and Infrared finance to make “Supply WBERA → Get IBGT → Swap to WBERA → Supply WBERA” an automated loop, which will further bootstrap liquidity
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.)
It will play a big role in onboarding more people to Berachain and PoL via Steady Teddys and Paddle. While the NFT community is the foundation of Berachain, unlocking liquidity for NFTs will make more and more people willing to hold NFTs and join Berachain. We plan to involve communities from ETH and Apechain to Berachain ecosystem. We‘ll work with Teddys to create educational memes and threads on the concept of NFTFi so they understand the value it has and are more likely to hold.
Moving forward, we will make Money Market a cross chain infra. Eventually, we are the liquidity hub of bootstrapping and unleashing liquidity for NFTs from different ecosystems and make PoL play reachable by every NFT communities on different chains.
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 X post link: https://x.com/PaddleFi/status/1932785989157867972
