Addition of $APIARY as incentive token for Spank Ass

Proposals Reward Vaults
1

Abstract

Addition of new incentive token, APIARY, to an existing reward vault. Please note that the vault already has wgBERA and wBERA as incentive tokens. We wish to add APIARY in addition to these, not replace either of them.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 alternat

Details

Reward Vault

New Incentive token

  • Name: APIARY

  • Symbol: APIARY

  • Token Contract Address: 0x5e4d5f1E7b69Cdcd3faDb0cf182ea7821070Cbb5

  • Tokenomics, Distribution, and Vesting (links to official docs, website, etc: ApiaryFi

  • Identify any address(es) controlling more than 10% (address / type: team, foundation, investor, etc.):

    0xB9F14d98C5F165408Ca4E597dd5F69bf6b6d72FD (staking contract)
    0xAe8b5e58E423750a68BbB37ccaaD399deF93D24D (ApDAO)
    0x1eb92B2FD6c9ff343da89adA72C6A5791B96E93D (Team)

  • Does the project issuing the token have any relationship with current Berachain validators? No

  • Total Supply Cap (if any): No Cap

  • Circulating Supply 255520

  • Token Type: ERC-20

  • Are token contracts upgradable? No

  • Token Control: Permissionless

  • Is the token contract verified? Yes

  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…): The Apiary contracts have authorization to issue more Apiary through Bonds but it can’t be minted freely, only through that interaction so its always backed

  • Can the token be paused? No

1 Like
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What purpose does adding this incentive token serve to the community?