RFRV Reward Vault Request for Smilee - wgBERA | WBERA Vault on BEX

Reward Vaults
1

1. Proposer Details

  • Proposer’s project name Smilee Finance
  • Proposer’s email matteo@smilee.finance
  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes) https://x.com/SmileeFinance
  • Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts) @OxMop94

2. Protocol Details

3. Reward Vault and Staking Token Details

  • Vault Name (Example: iBGT on Infrared) Smilee - wgBERA | WBERA
  • Reward Vault Address: (insert only the contract address) 0xA068760E9bEc127b7Cd1655Ea2EC992AA0A1631D
  • Logo URL: Vault Image 1024x1024 and non-transparent: https://i.ibb.co/fGKY93HZ/BERA-wg-BERA-token.jpg
  • Staking Token Address 0x8f32C1b7C9E2c60D357B7949a43540162248a21E
  • Is the Staking Token located on BEX? Yes
  • Specify the protocol where the Staking Token is located (Ex: BEX, Kodiak, YourOwnProtocol) BEX
  • Link to where the Staking Token is located: wgBERA | WBERA | BeraHub
  • Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in a major ecosystem asset) ~$57,000,000
  • Describe how a user should acquire this staking token: providing liquidity in the BEX pool wgBERA | WBERA | BeraHub
  • Reward Duration address

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.

0xb28BEde667acd985b6DfF27717CC008010947F8F

4. Tokens Information

For each token in the pool/staking token, please provide

  • Name Wrapped Bera, Wrapped gBERA
  • Symbol WBERA, wgBERA
  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
    Berachain / 0x6969696969696969696969696969696969696969
    Berachain / 0xD77552D3849ab4D8C3b189A9582d0ba4C1F4f912

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:

  • Name Wrapped gBERA
  • Symbol wgBERA
  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
    Berachain / 0xD77552D3849ab4D8C3b189A9582d0ba4C1F4f912
  • Tokenomics, Distribution, and Vesting (links to official docs, website, etc.)
  • 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? Yes
  • If yes, which ones? Smilee Validator
  • Total Supply Cap (if any)
  • Circulating Supply 4,546,633.69
  • Token Type: LST
  • If either token is a native stablecoin, LST, or governance token, provide extra details on

gBERA provides a decentralized liquid staking token for $BERA. wgBERA is a non-rebasing ERC4626-compliant alternative that increases in value relative to the underlying gBera.

It will be possible redeeming 1:1, once withdrawals will be enabled on Berachain network, until then unstaking from gBera won’t be possible. There is no mechanism in place to guarantee the peg, people can swap in and out using the liquidity pool. Amplification parameter is 750.

  • Are token contracts upgradable? No
  • Token Control: Permissionless
  • 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…)
    wgBERA is an ERC4626. convertToShare and convertToAsset functions have been adjusted to account for rewards accrued into gBERA (rebasing ERC20). Both wgBERA and gBERA designs are based on that of a standard LST.
  • Can the token be paused? No

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives

1500 wgBERA per week

  • Specify for how many weeks you plan to allocate incentives

6 months

  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.).

multi-sig

  • Incentive Manager address (this address will maneage the incentive token, being able to add incentive tokens to the reward vault and change the incentive rate)

0xb28BEde667acd985b6DfF27717CC008010947F8F

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain? It’s a stable pool focusing on BERA.
  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)? Yes.
  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects? Yes, it will be integrated as one of the main pool for Smilee wgBERA first native PoL-driven LST.
  • The contract will benefit Berachain on different levels:
    • increase chain security, since it will increase the amount of BERA staked
    • favour decentralization, since it will introduce a crucial LST alternative
    • increase BERA utility and capital efficiency
    • The contract will deepen liquidity for BERA
    • The pool will be one of the main liquidity hubs for wgBERA which will be integrated in several Berachain dapps.

Potential Volume / TVL:

  • Provide metrics or estimates on liquidity you expect to attract.

TVL estimate: $1,500,000

  • Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.): we’re going to further provide liquiditiy through the use of our gFund and we are onboarding new partners to provide even more deeper liquidity as it will become soonly one of our main pool.

Synergies with Other Protocols:

  • Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain? Yes. It will be used to deepen the liquiidty of wgBERA and enable even further integration especially in lending markets.

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity? Yes, through our official main Smilee page on Twitter.

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.)

gBERA is one of the core LSTs for the chain, integrated in multiple DEXs, lending markets, derivatives protocols and consumer applications - the first to fully empower Proof of Liquidity by killing Proof of Stake.

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]”