This is an amendment to the original reward vault request (see here: Reward Vault Request for mBGT-iBERA on Kodiak). In this reward vault request, we will also be addressing concerns flagged in the original reward vault request.
Miso is a yield interface for Berachain-native, PoL-based yield strategies that are effortless, composable, and accessible to everyone, including users who are not familiar with DeFi. Miso is not just a liquid staking protocol; mBGT is a core asset and a foundational piece that facilitates attractive yield generation for other blue-chip assets on Berachain.
RFRV: Reward Vault Request for Kodiak - mBGT-iBERA 0.3% Island
1. Proposer Details
- Proposer’s project name: Miso
- Proposer’s email: polar@ramen.finance
- Proposer’s X account: https://x.com/misodotmoney
- Best Telegram Handle for questions/fixes: @polarbera
The proposer should be affiliated with the protocol or at least one of the tokens in the contract: Protocol
2. Protocol Details
- Protocol Name: Miso
- Protocol Description: Yield aggregator
- Protocol URL: https://miso.money
- Protocol X profile link https://x.com/misodotmoney
- Protocol docs link http://docs.miso.money/
- Protocol Logo URL: https://drive.google.com/file/d/1l2LgxSAdVQljKy5ZVKyhFb1aKTvRyYZk/view?usp=sharing
3. Reward Vault and Staking Token Details
- Vault Name: Kodiak - mBGT/iBERA 0.3% Island
- Reward Vault Address: 0xc2bee59D96aF61E050aA602d5882078947372eBc
- Logo URL: https://drive.google.com/file/d/1NZmCelYek3KybojQcZsu8G-7mo32pfsl/view?usp=drive_link
- Staking Token Address: 0x5D3DA311a5d3C22d257Bb9943dE9E55Acda2F9Cf
- Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply: Link
- Is the Staking Token located on BEX? No
- Specify the protocol where the Staking Token is located: Kodiak
- Link to where the Staking Token is located: Kodiak Finance
- Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in a major ecosystem asset): The mBGT-iBERA pool has been seeded with $100k in liquidity
- Describe how a user should acquire this staking token: Provide liquidity to Kodiak iBERA-mBGT pool.
4. Token Details
For each token in the pool/staking token, please provide
- Name Infrared BERA
- Symbol iBERA
- Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0x9b6761bf2397Bb5a6624a856cC84A3A14Dcd3fe5
- Name mBGT
- Symbol mBGT
- Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0x927439eEf2e2520aFa78D8742cAe7Be3e3e90B11
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: mBGT
- Symbol: mBGT
- Name: Wrapped BERA
- Symbol: WBERA
Additional Requirements:
Specify how many tokens per week you plan to allocate for incentives and specify for how many weeks you plan to allocate incentives: At least 2,500 BERA or at least US$3,000 worth of incentives will be added to this reward vault per week. More incentives will be placed on this reward vault proportional to protocol revenue. Incentives will be added in perpetuity as long as Miso is in service.
Outline how decisions about token incentives are made (DAO, multi-sig, etc.): 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): 0x44d6E85730C31b9B6DC2fF58a7F23d04CD353214
Duration Manager address: 0x44d6E85730C31b9B6DC2fF58a7F23d04CD353214
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
- How will this contract benefit Berachain?
The mBGT-iBERA pool is the canonical liquidity venue for mBGT, the liquid derivative of BGT created by Miso. It is the primary on-chain market for users to buy, sell, or enter BGT-based yield strategies in a composable and liquid form. This pool is critical to making BGT yield accessible, tradable, and usable across the Berachain DeFi stack.
Miso is making Berachain-native, PoL-based yield simple and accessible to everyone, including users beyond the Berachain ecosystem; mBGT is a fundamental asset that allows us to create efficient BGT-based yield strategies.
- Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
Yes. iBERA is an increasingly important core asset in Berachain. This pool deepens iBERA’s utility by pairing it with mBGT, enabling users to possibly rotate between BGT yield and iBERA-based DeFi strategies with minimal slippage.
- Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
Most certainly. Miso aims to abstract away the complexities and manual processes of participating in Proof of Liquidity, for a rewarding and user-friendly experience. For users without significant experience participating in DeFi, Miso will be a valuable venue to discover and participate in PoL-based yield. This directly translates to an increase in on-chain TVL. Miso will also explore meta-governance strategies in collaborating with other LST projects on Berachain.
Potential Volume / TVL:
- Provide metrics or estimates on liquidity you expect to attract.
Within the first three months, we aim to push out yield products that enable delta-neutral and impermanent loss-neutral asset exposure to BGT, BERA, and USD. We are making a particularly active push with app partners beyond Berachain to attract TVL (TVL will reside on Berachain since that’s where the yield is). We expect to attract $10-15M in TVL in the first three months.
- Highlight any known liquidity commitments. (If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
Miso will be seeding the pool with $100k+
Synergies with Other Protocols:
- Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
Yield products: When users stake mBGT, they receive smBGT, a liquid, yield-bearing token. smBGT can be used as a productive collateral in lending markets and yield strategies.
Marketing / Promotion:
- Are there plans to co-market with another project to bootstrap liquidity? Yes, with Infrared, Kodiak, and furthermore.app
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 will serve as the primary liquidity hub for all mBGT on Berachain. As Miso rolls out other yield vaults, mBGT is a core asset that facilitates the reward harvesting for all future PoL-based yield vaults.
7. Verification
Please post the following text with the provided X account:
“Submitted Reward Vault Request for mBGT-iBERA on Kodiak with incentive tokens WBERA, mBGT”