Apiary Treasury RFRV

Proposals
1

Proposer Details

  • Proposer’s project name: Apiary

  • Proposer’s email: thebullasofberachain@gmail.com

  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): https://x.com/ApiaryFi

  • Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts): OxSJ420

Protocol Details

Reward Vault and Staking Token Details

  • Vault Name: Apiary Treasury

  • Reward Vault Address: 0x2c78135f225a84cbf148febe6fc2eb710be119c4

  • Staking Token Address: 0x5344c0b81fe363992bb9b3a7ff2562cce5b8e719

  • Is the Staking Token located on BEX? No

  • Specify the protocol where the Staking Token is located (Ex: BEX, Kodiak, YourOwnProtocol): Apiary Treasury

  • Reward Duration address: 0x077D7fba1be6158Cf8E966db19d846A4F2058aaB

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.

Incentive Tokens

wBera, iBGT, Honey

  • Specify how many tokens per week you plan to allocate for incentives: Varies depending on bond sales

  • Specify for how many weeks you plan to allocate incentives: Perpetually

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

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):
berachain:0x077D7fba1be6158Cf8E966db19d846A4F2058aaB

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain? - create a sustainable runner, blackhole BGT, create sustainable bribe volume, increase the utility of BGT, create volume, educate about PoL, fight BGT LST centralization problem, help multiple ecosystem projects, grow Honey TVL, grow Kodiak TVL, kickstart Vase Finance TVL
    2.will deeppen liquidty for Honey, Bera, iBGT

  • enable important trading pairs that drive adoption e.g Apiary/fBomb, Apiary/vBGT

  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)? - Apiary has been a top 3 V2 liquidity pool on Kodiak by volume since launch, volume should continue to grow as our pools grow in size and enable arbitrage volume

  • MCLB DAO will continue to expand their Apiary/fBomb LP, BeraPlug will conver their Bera/Plug position into Plug/Apiary, we’ll continue to grow Apiary/Honey LP via bond sales

Synergies with Other Protocols*

Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity? we aim to work with all Berachain projects and DeFi projects from all over crypto

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.)**we want to be a the most profitable token to hold on Berachain and pump the BGT premium so every project using PoL makes more money

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]”

6 Likes
3

Awesome project. Cmon guardians, speed up. We all know this is worthy

4

Great project indeed, aiming to work with all Bera eco and expanding to all crypto will help bringing more attention to the chain.

This is just the first step the frens from Apiary team and community needs to kickstart the flywheel.

5

Hey Guardians, what is the cause of the delay here? @janitooor could you please help here, its taking ages. Project intends to be an iBGT blackhole and the cornerstone of many others. Update would be appreciated

6

Guardians,

What is the purpose behind the delay and silence to this RFRV?

Apiary is a highly anticipated and desired project among users. It’s also a BGT sink which directly contributes to relieving sell pressure on Bera.

Also important to mention that the creators and community participants who appear to be getting ignored here are some of Berachain’s most ardent supporters. How about a little respect for all of those individuals that have stuck it out for Berachain with some acknowledgement and communication?