# General (non-BEX) RFRV Reward Vault Request for SolvBTC.BERA **URL:** \ **Category:** Reward Vaults\ **Created:** [May 5, 2025, 2:53pm UTC](https://forum.berachain.com/t/general-non-bex-rfrv-reward-vault-request-for-solvbtc-bera/1113 "2025-05-05T14:53:10Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![Ray](https://avatars.discourse-cdn.com/v4/letter/r/e9a140/32.png) [@Ray](https://forum.berachain.com/u/Ray)\ **Post date:** [May 5, 2025, 2:53pm UTC](https://forum.berachain.com/t/general-non-bex-rfrv-reward-vault-request-for-solvbtc-bera/1113/1 "2025-05-05T14:53:11Z")
# General (non-BEX) RFRV Reward Vault Request for SolvBTC.BERA ### Summary of RFRV Criteria - Deployed Contract: Must already be live. - Deployed Tokens: Must have the incentive tokens live. - Economic Value: Show significant TVL, trading volume potential, or strategic benefit. - Security: Use standard or audited contracts; tokens must be reputable. - Decentralization: Each token in the pair must show sufficient decentralization. - Transparency: Team/project info, audits, and open communication. - Synergy: Integrate with or benefit the broader Berachain ecosystem. - Community Support: Demonstrate genuine interest/demand. - Operational Safety: Clear ownership, upgradeability details, and compliance considerations. - Pair with a Major (Recommended for DEX pools): Major tokens are BERA, HONEY, BYUSD, USDC, wETH, and wBTC. - Verification: The proposer should be affiliated with the protocol or at least one of the tokens in the contract * * * ### 1. Proposer Details - Email: ray@solv.finance - Proposer’s project name: Solv Protocol - Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): [https://x.com/SolvIntern](https://x.com/SolvIntern) - Best Telegram Handle for questions/fixes: @raywl The proposer should be affiliated with the protocol or at least one of the tokens in the contract. For example if the contract is a $EXAMPLE / $BERA pool on XYZ DEX, the proposer should be affiliated with the protocol (XYZ DEX) or one of the tokens in the pool (in this case, $EXAMPLE). - Affiliation (protocol / one of the tokens in the contract): Solv Protocol 1. Protocol Details - Protocol Name: Solv Protocol - Protocol Type: Bitcoin Staking - Protocol X profile link: [https://x.com/SolvProtocol](https://x.com/SolvProtocol) - Protocol docs link: [https://docs.solv.finance/](https://docs.solv.finance/) - Protocol audits links: [https://docs.solv.finance/security/smart-contract-audits/audits](https://docs.solv.finance/security/smart-contract-audits/audits) - Does the protocol have any relationship with current Berachain validators?: No * * * 1. Contract/Pool Details - Contract Name: > SolvBTC.BERA - Contract Address: > [https://berascan.com/token/0x0f6f337b09cb5131cf0ce9df3beb295b8e728f3b](https://berascan.com/token/0x0f6f337b09cb5131cf0ce9df3beb295b8e728f3b) - Contract Type / Configuration: > Solv Liquid Yield Strategy Token - Describe how the contract works: > Token can be minted/burned by providing or withdrawing liquidity into the vault - Contract Fees: > 10% performance fee - Existing Liquidity / TVL: > $271M - Identify any address(es) controlling more than 10% of the contract shares: > Since it’s just natively deployed on Berachain, there will be very limited holders information until Boyco unlocking and bridging activating after that. - Is the contract upgradable? > Yes - Contract Control: > Multisig - Transferable Contract Ownership - Is the contract verified? > Yes - Can the contract be paused? > Yes - PausableUpgradeable with pauser role - Does the contract rely on oracles? > Yes * * * ### 4. Token Details #### Provide the following details for each token in the contract (up to 5): ##### For Major Tokens: - Name: wBTC - Symbol: wBTC ##### For Non-Major Tokens: - Name > SolvBTC - Symbol > SolvBTC - Contract Addresses (on Berachain and bridging addresses if cross-chain): chain / address > Berachain 0x541FD749419CA806a8bc7da8ac23D346f2dF8B77 - Tokenomics, Distribution, and Vesting (links to official docs, website, etc.) > - SolvBTC can be minted with WBTC, cbBTC, BTCB(BNB Chain) or native Bitcoin as a liquid receipt token of Solv Bticoin reserves > - [Solv App - Leading Bitcoin Staking Platform](https://app.solv.finance/solvbtc) > - [https://docs.solv.finance/key-products/solvbtc](https://docs.solv.finance/key-products/solvbtc) - Identify any address(es) controlling more than 10% (address / type: team, foundation, investor, etc.) > [SolvBTC holders - Google Sheets] > [SolvBTC holders - Google Sheets](https://docs.google.com/spreadsheets/d/1i3WsmdcvurkzgIKyZTmwF4i2Bso593Mn1Mk7ywxvX9s) - Does the project issuing the token have any relationship with current Berachain validators? > No - If yes, which one? - Total Supply Cap (if any) > 21,000,000 - Circulating Supply > 806.9701258 (on Bearchain) - Token Type: (Governance, Utility, Memecoin, Stablecoin, LST, RWA, Other) > Other - Provide extra details (e.g. Use case, Redemption mechanics, Peg stability) > - SolvBTC is built to address these issues by **unifying Bitcoin liquidity across multiple chains** , serving as a universal Bitcoin reserve for DeFi users. It offers a flexible, yield-generating solution for Bitcoin holders who want to move their assets across blockchain ecosystems without dealing with fragmented liquidity or the risks tied to individually wrapped BTC assets. > - SolvBTC can be minted with WBTC, cbBTC, BTCB(BNB Chain) or native Bitcoin as a liquid receipt token of Solv Bticoin reserves > - SolvBTC will be minted on Berachain with WBTC on Berachain soon - Are token contracts upgradable? > Yes - Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance) - Additional details on Token Control > 0x0c2Bc4d2698820e12E6eBe863E7b9E2650CD5b7D Multisig 3/5 - Is the token contract verified? > Yes - Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…) (If custom, provide a link to an audit.) > Yes, standard ERC20 \* [GitHub - solv-finance/SolvBTC](https://github.com/solv-finance/SolvBTC) - Can the token be paused? > No * * * ### 5. Token / Project Background / Incentive Token Whitelist Only two tokens can be whitelisted for use as incentives in a Reward Vault. Indicate which tokens will be used and provide all relevant information below. > SolvBTC > > - Budget: 1~2BTC each week to start with, for next 12 weeks > - Incentives Decisions: Solv DAO > - Incentive Manager address: 0xc25593335A90bdc0BB04d57C04F772580f69800A > > iBGT > > - Budget: Plan to use SolvBTC first > - Incentives Decisions: Solv DAO > - Incentive Manager address: 0xc25593335A90bdc0BB04d57C04F772580f69800A #### Required Data for Incentive Token: - Name > SolvBTC - Symbol > SolvBTC - (if the name and symbol match one of the tokens already provided or a major token, skip the next steps) - Token Contract Addresses (on Berachain and bridging addresses if cross-chain): chain / address > - Berachain: 0x09D9420332bff75522a45FcFf4855F82a0a3ff50 - Tokenomics, Distribution, and Vesting (links to official docs, website, etc.) > - [Solv App - Leading Bitcoin Staking Platform](https://app.solv.finance/solvbtc) > - [https://docs.solv.finance/key-products/solvbtc](https://docs.solv.finance/key-products/solvbtc) - Identify any address(es) controlling more than 10% (address / type: team, foundation, investor, etc.) > [SolvBTC holders - Google Sheets](https://docs.google.com/spreadsheets/d/1i3WsmdcvurkzgIKyZTmwF4i2Bso593Mn1Mk7ywxvX9s) - Does the project issuing the token have any relationship with current Berachain validators? > No - Total Supply Cap (if any) and Circulating Supply > - Total Supply Cap: 21,000,000 > - Circulation Supply: 14,878 - Token Type: (Governance, Utility, Memecoin, Stablecoin, LST, Other) > Other - Are token contracts upgradable? > Yes - Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance) - Additional details on Token Control > Multisig 3/5 > 0x0c2Bc4d2698820e12E6eBe863E7b9E2650CD5b7D - Is the token contract verified? > Yes - Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…) (If custom, provide a link to an audit.) > Yes, standard ERC20 - Can the token be paused? > Yes #### Additional Requirements: - Specify how many tokens you plan to allocate for incentives and over what period of time. - Outline how decisions about token incentives are made (DAO, multi-sig, etc.). - 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) > Detailed above * * * ### 6. Growth, Community & Ecosystem Impact #### Why This Contract Matters: - How will this contract benefit Berachain? > SolvBTC.BERA has contributed significantly to Berachain’s liquidity by lowering the barrier to entry for participating in DeFi and POL. By supporting the vault, Solv can attract a diverse range of users and depositors, enabling liquidity provision across the entire Berachain ecosystem. - Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)? > Yes wBTC - Does it enable important trading pairs that drive adoption or integrate with other Berachain projects? > Yes, it will drive the adoption of SolvBTC on-chain, which is currently one of the largest non-core BTC denominated asset. #### Potential Volume / TVL: - Provide metrics or estimates on liquidity you expect to attract: > Expect $200M+ in ongoing liquidity - Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.) > SolvBTC.BERA vault will source yield & provide liquidity #### Synergies with Other Protocols: - Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain? > Yes it will feed into DEXs, Lending Markets, and other dapps. #### Marketing / Promotion: - Are there plans to co-market with another project to bootstrap liquidity? > Yes, co-marketing with Kodiak, Infrared, Dolomite, BeraBorrow, and other partners #### 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.) > SolvBTC is well-positioned to remain the leading form of BTC on Berachain, offering users an efficient, high-yielding asset ideal for collateral across DeFi. Our POL play will be the cornerstone for driving capital-efficient utilization, powering the flywheel of Berachain’s growth engine. * * * ### 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]” >