Request For Reward Vault avUSD/Honey on Kodiak

Proposals Reward Vaults
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1. Proposer Details

  • Proposer’s project name: Avant Protocol

  • Proposer’s email: Ayman@avantprotocol.com

  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): @avantprotocol

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

The proposer should be affiliated with the protocol or at least one of the tokens in the contract.

2. Protocol Details

  • Your Protocol Name: Avant Protocol

  • Protocol Description: Avant Protocol is institutional-grade infrastructure for onchain savings. The protocol curates deposit yields across USD, BTC, and ETH into multi-strategy yield products via professionally managed portfolios with diversified, risk-adjusted strategies (delta-neutral, DeFi lending, basis, Pendle fixed-yield). It operates a senior/junior tranche capital structure with a protocol-owned Reserve Fund as first-loss capital. Live since January 2025 with ~$125M TVL across 7+ chains, zero security incidents, and four independent audits.

  • Protocol audits links: Cyfrin, Dedaub, Omniscia, Trail of Bits, published at Contract and OPSEC Audits | Avant Protocol Docs

  • Protocol URL (link to dApp): Avant Protocol - On-Chain Assets, Powered by DeFi

  • Protocol Logo URL (image must be 1024x1024 and non-transparent): https://drive.google.com/file/d/1sLq-LTs4SR5tTdAKU5knCqVBsgq7T_Kk/view?usp=sharing

3. Reward Vault and Staking Token Details

  • Vault Name (Example: iBGT on Infrared): avUSD/HONEY on Kodiak

  • Reward Vault Address: (insert only the contract address): 0x181f3b1d55299f3744188f7ecd082c75a97d2d4f

  • Logo URL: https://drive.google.com/file/d/164FElE5uBcGEmujEl-41nVSL0O_e9QWW/view?usp=sharing

  • Staking Token Address: 0xd5cc2b9035b712929dc06f0a665459d550a385f7

  • Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply: Address Identification Template - Google Sheets

  • Is the Staking Token located on BEX? No

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

  • Link to where the Staking Token is located: https://app.kodiak.finance/#/liquidity/pools/0xd5cc2b9035b712929dc06f0a665459d550a385f7?chain=berachain_mainnet

  • Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in a major ecosystem asset): ~$100K seeded by Avant at launch (target growth to multi-million with bribes); HONEY is a major Berachain ecosystem asset

  • Describe how a user should acquire this staking token: (1) Mint avUSD on Avalanche via Avant app and bridge to Berachain via Chainlink CCIP, or buy avUSD through in-app swap routes. (2) Acquire HONEY on Berachain. (3) Deposit both into the Kodiak avUSD/HONEY pool. (4) Stake LP receipt token into the Reward Vault to earn BGT.

  • Reward Duration address: 0xb32a5d4ff4839c48de0ec8971c369d46ab972b0b

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

Token 1: avUSD

  • Name: Avant USD

  • Symbol: avUSD

Addresses:

  • Avalanche (native): 0x24dE8771bC5DdB3362Db529Fc3358F2df3A0E346

  • Berachain (bridged): 0xbca138DEd469F5063589bFdfdD4BC68EB1c3f252

Token 2: HONEY

  • Name: Honey

  • Symbol: HONEY

  • Address: 0xfcbd14dc51f0a4d49d5e53c2e0950e0bc26d0dce

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: Avant USD

  • Symbol: avUSD

  • Token Contract Addresses: Referenced Above

  • Tokenomics, Distribution, and Vesting (links to official docs, website, etc.): avUSD is a 1:1 USDC-backed stable token, not a governance/vesting token. No fixed supply cap; supply expands/contracts with USDC mint/redeem. Docs: Core Tokens | Avant Protocol Docs

  • Identify any address(es) controlling more than 10% (address / type: team, foundation, investor, etc.): Total supply is $94,867,837.1571, distributed among 1,151 holders.
    Does the project issuing the token have any relationship with current Berachain validators?: No direct validator relationships, although the process in coming onto Bend has been closely coordinated with the Berachain team.

  • If yes, which ones?

  • Total Supply Cap (if any): None — uncapped mint/redeem against USDC backing

  • Circulating Supply: 94,867,837.1571

  • Token Type: Stablecoin

  • If either token is a native stablecoin, LST, or governance token, provide extra details on Use case, Redemption mechanics, Peg stability:
    Use case: Entry token to the Avant yield ecosystem; receipt for deposited USDC, Redemption: 1:1 redeemable for USDC on Avalanche (native chain) via the Avant app, typically completes within ~1 hour, Peg stability: 1:1 backing by USDC; protocol-owned liquidity and Reserve Fund (~$1M+) support secondary market peg.

  • Are token contracts upgradable? No

  • Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance): MPC with policy engine; admin functions (whitelisting, parameter changes) require multi-party quorum across CEO, COO, CSO, and senior engineering

  • Additional details on Token Control: Upgradeable parameters are tightly scoped to: whitelisted contracts, mint/redeem limits, supported collateral, and gatekeeper pause roles. No single signer can execute admin functions.

  • Is the token contract verified?: Yes

  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…): It’s a standard ERC-20 with a mint() function whitelisted to the AvantMintingV2 contract, which executes the minting orders.

  • Can the token be paused?
    AvantMintingV2 also has a pause function called disableMintRedeem().

Additional Requirements:

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

    • Initial phase: Avant will allocate approximately $1,000/week in avUSD as direct incentives to bootstrap LP participation in the avUSD/HONEY pool.

    • Steady-state phase: Weekly incentives transition to a TVL-proportional “foregone yield” model. Avant earns protocol yield on the underlying avUSD held by LPs in the pool (since avUSD is backed by deployed capital generating yield across Avant’s multi-strategy book). Rather than retaining that yield, Avant redirects it back to LPs as weekly bribes, sized as a function of pool TVL and the prevailing savUSD reference yield.

    • This is Avant’s standard incentive framework, already in production with partners including Frax (Curve avUSD/frxUSD on Ethereum) and being extended to new partner pools.

  • Specify for how many weeks you plan to allocate incentives: Ongoing / open-ended

  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.): Bribe allocations are decided by Avant core team in weekly Incentive Spend Review meetings; execution via multisig

  • 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): 0xb32a5d4ff4839c48de0ec8971c369d46ab972b0b

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?

    • The avUSD/HONEY pool deepens liquidity for HONEY, Berachain’s core stable asset, by pairing it with a yield-bearing-backed institutional stablecoin from a protocol with $100M+ TVL and zero security incidents since launch. avUSD brings net-new institutional stablecoin liquidity onto Berachain via Chainlink CCIP, expanding the addressable pool of USD-denominated capital that can flow into Berachain DeFi.

  • Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?

    • This pool feeds directly into the Re7-curated Bend lending market, where savUSD is being listed. Pool depth is the gating factor for Bend caps, Re7’s risk team has tied collateral caps to a 1:1.5 DEX-liquidity-to-debt ratio.

  • Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?

    • Re7 Bend lending market — savUSD listing pending, gated on this pool’s depth

    • Dolomite — savUSD already listed; Bera-side liquidity helps cross-venue arbitrage

    • Kodiak — primary DEX venue

    • Avant runs a multi-manager yield book across Aave, Morpho, Maple, Pendle, Euler, Ethena; Berachain becomes a new deployment surface

Potential Volume / TVL:

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

  • Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)

    • $100K seeded by Avant at launch (committed, on-chain verifiable)

    • Target: scale to multi-million TVL within weeks via avUSD bribes

    • Downstream: unlocks 8-9 figure borrow capacity on Bend, which historically translates to multi-million-dollar daily volume in Avant’s existing lending integrations (currently the largest user on Aave globally)

Synergies with Other Protocols:

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

    • Re7 Bend lending market — savUSD listing pending, gated on this pool’s depth

Marketing / Promotion:

  • Are there plans to co-market with another project to bootstrap liquidity?

    • Co-marketing with Re7 around the Bend listing; X announcement from @avantprotocol; potential joint comms with Kodiak.

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.)

    • This pool is intended to become a core stable-pair on Berachain, the institutional USD liquidity venue for Berachain DeFi. As Avant’s product suite (avBTC, avETH) expands to Berachain and the Bend market scales, the avUSD/HONEY pool serves as the anchor liquidity rail for Avant’s full Berachain footprint.

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]”

  • Insert X post link
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