General (non-BEX) RFRV Reward Vault Request for LiquidRoyalty: Senior Vault (snrUSD)

Proposals Reward Vaults
1

1. Proposer Details

2. Protocol Details

  • Protocol Name: LiquidRoyalty
  • Protocol Description: Liquid Royalty Protocol is an RWA tokenization protocol that tokenizes e-commerce cashflow from top e-commerce merchants into royalty tokens.
  • Protocol audits links: see RFRV form
  • Protocol URL: www.liquidroyalty.com
  • Protocol Logo URL Liquid-Royalty-v5-2 hosted at ImgBB — ImgBB

3. Reward Vault and Staking Token Details

  • Vault Name: LiquidRoyalty - Senior Vault
  • Reward Vault Address: 0x18e310dD4A6179D9600E95D18926AB7819B2A071
  • Logo URL: snr USD Logo (1) hosted at ImgBB — ImgBB
  • Staking Token Address: 0xC38421E5577250EBa177Bc5bC832E747bea13Ee0
  • Is the Staking Token located on BEX? No
  • Specify the protocol where the Staking Token is located: LiquidRoyalty
  • Link to where the Staking Token is located: liquidroyalty.com/
  • Existing Liquidity / TVL: $2.2mil
  • Describe how a user should acquire this staking token: Stake USDe via LiquidRoyalty
  • Reward Duration address: 0xd81055AC2782453cCC7FD4f0bC811EEF17D12Dd7

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

  • SailOut Royalty | SAIL.r | 0x59a61b8d3064a51a95a5d6393c03e2152b1a2770
  • Ethena USD | USDe | 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34

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:

Incentive Token 1

  • Name: Ethena USD
  • Symbol: USDe
  • Token Contract: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34

Incentive Token 2

  • Name: SailOut Royalty
  • Symbol: SAIL.r
  • Address: 0x59a61b8d3064a51a95a5d6393c03e2152b1a2770
  • Tokenomics, Distribution, and Vesting: docs.liquidroyalty.com
  • Identify any address(es) controlling more than 10%: Address Identification - Senior Vault - Google Sheets
  • Does the project issuing the token have any relationship with current Berachain validators? No
  • Circulating Supply:1,500,000
  • Token Type: RWA
  • Are token contracts upgradable? Yes
  • Token Control: Multisig
  • Additional details on Token Control: Token owned by multi-sig vault controlled by multiple distinct stakeholders protocol
  • Is the token contract verified? Yes
  • Is the token a standard ERC20 or any functions have been customized? Standard ERC20
  • Can the token be paused? Yes

Incentive Token 3

  • Name: Senior Vault
  • Symbol: snrUSD
  • Token Contract: 0xC38421E5577250EBa177Bc5bC832E747bea13Ee0

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives
    100-1000
  • Specify for how many weeks you plan to allocate incentives
    4-8 weeks
  • Outline how decisions about token incentives are made: Multi-sig
  • Incentive Manager address: 0xd81055AC2782453cCC7FD4f0bC811EEF17D12Dd7

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?
  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?

Senior Vault is the most conservative vault in LiquidRoyalty products that is 100% backed by Kodiak LP Tokens.

The Kodiak LP tokens are Royalty Tokens paired with USDe stablecoin, more TVL in Senior Vault deepens liquidity and directs more USDe to PoL incentives (as we redirect all daily distrubtions from royalty tokens sitting LP).

Potential Volume / TVL:

  • LiquidRoyalty has already seeded $2mil of TVL in Senior Vault of around 50% of current outstanding SAIL.r/USDe LP tokens

Synergies with Other Protocols:

  • snrUSD, a rebasing (via airdrop) synthetic stable that has over 200%+ backing, we are looking to integrate with Dolomite and Infrared to customise yield farming strategies

Marketing / Promotion:

LiquidRoyalty has boostrapped the liquidity. Marketing wise we have engaged multiple berachain-native influencers including “Amy on Bera”," “DeFi Ted”, and “0xFent”

Long-Term Vision:

  • How could this reward vault evolve over time?
  • Initially snrUSD is a synthetic stable that pays 11% yield with 200%+ backing - in the future, we intend to integrate lending protocols like Dolomite to add additional utilities and more innovative applications (e.g. looping). Attract more liquidity to LiquidRoyalty and Berachain.
  1. 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]”

https://x.com/liquidroyaltyX/status/2023754843626889503

Final Reminder

A successful RFRV hinges on demonstrating:

  1. Security: Low smart contract and token risk.
  2. Demand: Community and liquidity providers want this pair.
  3. Ecosystem Benefit: Increases volume, TVL, or strategic positioning for Berachain.

Make sure to cover these points clearly to maximize your chances of passing the governance vote / RFRV!

2

Hi team, at the time of review, the following concern was identified:

Please note that the following feedback doesn’t represent the opinions of the BGT Foundation. It is contextual feedback from the Bera ecosystem team with respect to publicly stated guidelines.

With the appropriate updates, this application would be in a better position for Reward Vault consideration.

3

Hi Berachain team,

Yes thats right, the new vault will replace the previous one, similar to the recently whitelisted ALAR vault.

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