Reward Vault Request for Henlo Wall

Proposals Reward Vaults
1

Building upon the Henlo Incinerator, the Henlo Wall leverages Proof of Liquidity to add single-sided BERA liquidity, permalocked in the Aquabera HENLO/BERA vault built on a Kodiak v3 liquidity pool, thus rewarding all holders with deeper liquidity in the process. BGT emissions are minted as $iBGT, swapped for $xfatBERA, and used as incentives. A percent are automatically added as liquidity and permanently locked in InterPoL.

1. Proposer Details

  • Proposer’s project name: Henlo
  • Proposer’s email: jnova@0xhoneyjar.xyz
  • Proposer’s X account: @henlo
  • Best Telegram Handle for questions/fixes: @fungiblehuman

2. Protocol Details

3. Reward Vault and Staking Token Details

  • Vault Name: Henlo Wall

  • Reward Vault Address: 0x02C810dC4ef88deAdc3Faa08608ED81E20B4d17d

  • Logo URL: https://drive.google.com/file/d/1GB0RvYLgvAoAvCCLx-gFCTgoxBmM0XDP/view?usp=drive_link

  • Staking Token Address: 0x5308F148977F5085af5F4aec7d3FF3b97A2BB73a

  • Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply. The staking token is 100% controlled by the Henlo Incinerator contract to manage the strategy. Instead here is a list of addresses controlling more of HENLO supply, as HENLO hodlers are the beneficiaries. HENLO Address Identification - Google Sheets

  • Is the Staking Token located on BEX? No

  • Specify the protocol where the Staking Token is located: Staking token lives in vault strategy manager contract and cannot be acquired by users. To benefit, users can acquire HENLO from Kodiak, Ooga Booga, MEXC, Ourbit, and other venues.

  • Link to where the Staking Token is located: Kodiak Finance

  • Audit link(s) of the protocol where pool is located: https://drive.google.com/file/d/1za2i6X_dk_BEufPEw_Bx6cZkimPIEFGk/view?usp=sharing

  • Existing Liquidity / TVL: $280k on Kodiak, more elsewhere

  • Describe how a user should acquire this staking token: Users are not able to acquire the staking token, they must acquire HENLO to be rewarded from the buy and burn mechanism.

  • Reward Duration address: 0xDe81B20B6801d99EFEaEcEd48a11ba025180b8cc

4. Tokens Information

For each token in the pool/staking token, please provide

  • Name: Henlo
  • Symbol: HENLO
  • Token Contract Addresses: 0xb2F776e9c1C926C4b2e54182Fac058dA9Af0B6A5

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: Extra Fat BERA
  • Symbol: xfatBERA
  • Token Contract Addresses: 0xcAc89B3F94eD6BAb04113884deeE2A55293c2DD7
  • Tokenomics, Distribution, and Vesting: xfatBERA is minted by wrapping fatBERA, which is minted by staking BERA. There was no initial distribution or other tokenomics.
  • Identify any address(es) controlling more than 10%:
  • Does the project issuing the token have any relationship with current Berachain validators? Yes
  • If yes, which ones? The Honey Jar, Beradrome-x-apDAO, Berabaddies, and The Empty Jar
  • Total Supply Cap (if any) n/a
  • Circulating Supply: 181,110
  • Token Type: LST
  • If either token is a native stablecoin, LST, or governance token, provide extra details on Use case, Redemption mechanics, Peg stability: xfatBERA is an autocompounding wrapper for fatBERA, which is a BERA LST associated with a group of THJ-affiliated validators. xfatBERA peg is maintained through liquidity provisioning in a Kodiak Island and soon through redemptions. xfatBERA can be unwrapped to fatBERA, which soon will support validator staking withdrawals to redeem for BERA.
  • Are token contracts upgradable? Yes
  • Token Control: Multisig
  • 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 erc20 receipt from a standard erc4626 vault
  • Can the token be paused? Yes

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives: 5,000+ BERA
  • Specify for how many weeks you plan to allocate incentives: Ongoing
  • Outline how decisions about token incentives are made (DAO, multi-sig, etc.).: Multisig
  • Incentive Manager address: 0xDe81B20B6801d99EFEaEcEd48a11ba025180b8cc

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • BERA sink: BGT earned by the strategy will be locked in a combination of the Henlo Wall strategy contract and the Aquabera Henlo/BERA liquidity vault, reducing circulating BERA supply and deepening liquidity for the top memecoin on Berachain.
  • PoL experimentation: HENLO built one of the largest communities both within and beyond Berachain’s existing user base. Henlockers and Henlo Incinerator have served as an onboarding event and educational tool into the possibilities of PoL, and this vault will extend that.

Potential Volume / TVL:

  • We anticipate directly driving 5-figure daily volume to start, with the strategy manager adding to this total each week through compounding the iBGT premium. We anticipate seeing 2nd order effects of increased volume for HENLO and increased TVL for HENLO liquidity.

Synergies with Other Protocols:

  • This contract feeds into the iBGT and fatBERA LSTs, and the Aquabera HENLO/BERA liquidity vault which is itself built on a Kodiak v3 pool.

Marketing / Promotion:

  • Co-marketing with THJ, Infrared and Aquabera.

Long-Term Vision:

  • The QIA and Henlo Incinerator vaults have shown market interest and early indicators of success using managed vaults to support token with buy-and-burn mechanics. The Henlo Wall vault is designed to continue the experimentation in a new direction. Instead of using a portion of profits to buy-and-burn, Henlo Wall profits remain 100% in BERA & BERA derivatives. Further, instead of some value from profits being burned while is a short-term destruction of TVL & liquidity in hopes of inspiring increases later, Henlo Wall ensures that 100% of profits remain productive liquidity.

7. Verification

Please post the following text with the provided X account:

“Submitted Reward Vault Request for Henlo Incinerator with incentive token xfatBERA”

RFRV Batch 16 Results
RFRV Batch 18 Results | RFP announcement of an annoucement
RFRV Batch 17 Results | POL v2 Results | USDT to HONEY Results
2

Thank you Guardians for the feedback provided via direct channels. To summarize the council had questions about:

  • expected lifecycle for henlo as a memecoin given many memecoins have a short life cycle,
  • queries about sustainability of the liqudiity,
  • similarity to the henlo incinerator RV,
  • teams perspective on value add to BERA / wider ecosystem

Please find the information you have requested summarized here:

  • unlike most short lived memecoins Henlo has been built by a known team, THJ, with a much longer expected lifecycle then majority of memes. A closer analogy would be the concept of social currency similar to $PENGU
  • a major point of differentiation to short lived memecoins is that Henlo launched March 3, 2025, it has sustained engagement with 12,241 unique holders, 5,806 net new buyers over 150 days, and ~3,000 addresses locking 15% of supply for BGT rewards in the henlockers (the 330m locker filling on 14th July showing ongoing engagement and activity), demonstrating long-term community commitment beyond typical memecoin lifecycles. four of the five henlockers (100m, 330m, 690m, 1bn) have all been completely filled with the final henlocker (420m) approaching 90% filled. furthermore, unlike most memecoins run by no- or alt-teams, one of the most visible teams on berachain, THJ, is managing henlo operations, has staked their reputation on continued effort, and has external funding to ensure this is possible

  • henlo continues to be one of the primary entry points for new entrants to the bera ecosystem with 33% of holders having fewer the 100 total txns most of them relating to henlo

  • henlo holders are trending value accretive for berachain in that ~ 40% of BGT flowing to henlockers is staying as either BERA, BGT or Henlo which is well above average for most RVs and is a combination of THJ’s design vision and henlo holders sharing a longer view mental model / approach. thj will soon be releasing some products such as modules of set and forgetti which will automate this process for beeple which will further amplify and ease these BGT and BERA sinks

  • Henlo Wall meets Berachain’s reward vault criteria, including driving $BERA value through permanent liquidity locking in the HENLO/BERA pool and stimulating activity via xfatBERA rewards.

  • the liquidity wood be locked with interpol. interpol is a protocol which thj built to enable teams on berachain to lock their liquidity whilst still being able to participate in pol with whitelisted protocols such as infrared, beradrome and more

  • the HENLO/BERA pool that is the target of this Henlo Wall RV, in collaboration with aquabera, is an ALM running a automated concentrated liquidity position meaning majority of pair is BERA rather then HENLO. this is materially different then the buy and burn mechanism of the Henlo Incinerator

  • Thin liquidity in the lower MC range is by design and even advised by BeraLabs, allowing for the volatility which trench degens seek whilst best in class security is offered as this liquidity is locked protecting against the most common risks such as liquidity rug pulls made impossible. thicker liquidity mechanisms once key thresholds are reached are planned by the team

  • Precedents include approved vaults for memecoins like ZERO (paired with NECT in Beraborrow) and amendments to existing vaults, as in RFRV Batch 15. Many projects enjoy multiple active RVs. The Incinerator vault’s role as controller aligns with governance allowances for incentive swaps, not double dipping. No evidence of ephemeral value; it contributes to ecosystem culture and experimentation per PoL standards

  • combining all these novel mechanisms into a simpol social currency is only possible on berachain. THJ / Henlo team have a proven track record for innovating within this Fat Bera Thesis paradigm. THJ are working with teams like Haiku to connect all these legos under the hood to create a super charged social currency which is degen and one click on the surface but with berachain pol defi power under the hood

  • In summary, Berachain deserves a meme/social currency which allows degens max dopamine without needing to worry about lack of visibility into the team behind the project, nor worrying if liquidity will be rugged. Henlo continues to be one of the premier front doors to the bera eco for memecoin traders which continue to be a major onramp this cycle

3

Is it possible to walk through exactly how the Incinerator vault interacts with Henlo Wall? Having one Rewards Vault control another Rewards Vault seems different from simply having multiple vaults for one asset.

6

They don’t interact with one another. Henlo Wall and Henlo Incinerator each have their own strategy contracts, and the owner of both contracts it the same multisig. The two vaults operate entirely independently.

1 Like
7

Henlo, we would like to change the incentive manager address and reward duration address to 0x05c98986Fc75D63eF973C648F22687d1a8056CD6