Proposer Details
- Proposer’s project name: Beraborrow
- Proposer’s email: kobble@beraborrow.com
- Proposer’s X account (you will be required to make a post from the X account provided for verification purposes) https://x.com/beraborrow
Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts)
Kob_Class
Purpose of the amendment
To change the incentive tokens on the current RV from NECT and wBERA to POLLEN and wBERA match the incentive tokens with the two tokens in the pool already. The reason for this is so that the RV is compaitble with Kodiaks new auto-bgt feature that takes LP fees and adds them as incentives on the RV.
TLDR replace NECT with POLLEN as an incentive token on
Important to note: Initial RFRV incentives were denominated in NECT, we will stick to the $25,000 minimum per week of incentives and use NECT we have set aside to buy the respective amount of Bera and POLLEN to add to the RV. So that the $ amount per week is still the same as the original proposal
Token Details
Provide the following details for each token in the contract (up to 5):
- Name: POLLEN
- Symbol: POLLEN
- Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address: 0xc99e948e9d183848a6c4f5e6c1d225f02f171d79- Tokenomics, Distribution, and Vesting (links to official docs, website, etc.) https://beraborrow.gitbook.io/docs/pollen/what-is-pollen
- Identify any address(es) controlling more than 10% (address / type: team, foundation, investor, etc.): POLLEN HOLDERS - Google Sheets
- Does the project issuing the token have any relationship with current Berachain validators? Yes
- If yes, which one?: Infrared, THJ, Kodiak, Smillee, apDAO, Validation Cloud.
- Total Supply Cap (if any): 420,000,000
- Circulating Supply: 45,992,248
- Token Type: Governance
Provide extra details
- POLLEN is the Beraborrow governance token, enabling active participation in the protocols governance and liquidity incentives.
- It serves as a way for the protocol to utliise Proof of Liquidity to further the adoption of NECT, without having to create a new rewards vault for every NECT (our stablecoin) use case.
- POLLEN is a means to increase exposure to Berachain governance through the utility of the Beraborrow protocol.
- Creating a flywheel where more NECT utility enables more users to use Beraborrow for leverage, thus increasing total interest rates/fees to the Rewards Vault meaning more value can be passed through to incentivise liquidity. And the flywheel repeats.
- Are token contracts upgradable?: NO
- Token Control: Permissionless
- 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? No