1. Proposer Details
● Proposer’s project name: Batoshi Foundation
● Proposer’s email: Eason@terplayer.org
● Proposer’s X account (you will be required to make a post from the X account provided for verification purposes) @batoshiBTC
● Best Telegram Handle for questions/fixes (remember to enable DMs from non-contacts) @fyTerpLayer
The proposer should be affiliated with the protocol or at least one of the tokens in the contract.
2. Protocol Details
● Your Protocol Name: Batoshi
● Protocol Description:
The Batoshi Protocol is the core mechanism that aligns beraBTC liquidity, BVT governance, and Berachain’s Proof-of-Liquidity (PoL) system into a unified design.
At its foundation, the Batoshi Foundation issues beraBTC, a wrapped Bitcoin asset native to Berachain. Users can mint and redeem beraBTC directly with on-chain BTC, eliminating reliance on third-party bridges or synthetic derivatives. BTC collateral is held with Matrixport’s Cactus Custody, a regulated institutional custodian with insurance coverage and operational safeguards. This custody framework ensures full reserve backing, transparency, and redeemability consistent with institutional security standards.
Building on this foundation, the Batoshi Protocol introduces BVT (beraBTC Vault Token)—the governance and incentive layer of beraBTC. Through the protocol’s design, beraBTC is paired with BVT and USDT0 in a tri-token Liquidity Bootstrapping Pool (LBP). This structure achieves three goals:
Deepening liquidity in BTC/USDT0 pairs, strengthening Berachain’s major-asset trading infrastructure.
Enabling fair price discovery and utility for BVT, positioning it as the governance and staking asset of the beraBTC system.
Directing BGT emissions to productive liquidity, ensuring that incentives flow to pools and vaults that expand TVL, generate sustainable trading fees, and reinforce Berachain’s PoL economy.
Importantly, the protocol is designed for accessibility. Many of the new entrants to Berachain—especially retail users onboarded through the beraBTC Node Sale in the Chinese community—are unfamiliar with complex DeFi operations. Instead of manually managing LBP participation and liquidity positions, they can simply stake BVT in the protocol. The system automatically allocates staked BVT into the tri-token pool and matches it with beraBTC and USDT0, enabling users to seamlessly participate in liquidity provision and earn BGT rewards without requiring advanced DeFi knowledge.
In short, the protocol transforms beraBTC from a collateralized BTC wrapper into a yield-aligned liquidity engine: it anchors BTC liquidity, introduces a governance token with staking utility, and lowers the entry barrier so that mainstream community participants can easily earn rewards and strengthen Berachain’s PoL economy.
● Protocol audits links:
● Protocol URL (link to dApp)
● Protocol Logo URL (image must be 1024x1024 and non-transparent)
https://terplayer.org/storage/vault/beraBTC.png
3. Reward Vault and Staking Token Details
● Vault Name: BVT-LRT on Batoshi
● Reward Vault Address: 0x7eae500c0ff540c61d882524c79e4c3bf1a52938
● Logo URL: https://terplayer.org/storage/vault/logo1.png
● Staking Token Address: 0x04ec3Ea102b7C02073a8b43031391aB327a2486B
● Submit a Google Sheet link identifying addresses controlling more than 20% of the Staking Token supply. https://docs.google.com/spreadsheets/d/19tAyVUwrGAqdCWRVvlSRKAz7qLeBjBc6mh5mVOPa9Rk/edit?usp=sharing
● Is the Staking Token located on BEX? No
● Specify the protocol where the Staking Token is located (Ex: BEX, Kodiak, YourOwnProtocol)
YourOwnProtocol — Batoshi Liquidity Manager(underlying LP on BEX).
Staking Token: BVT-LBP Receipt Token (ERC-20 receipt minted by Batoshi at 1:1 when users stake BVT in our Node Distributor).
Where the liquidity lives: The Liquidity Manager programmatically supplies the user’s contributed BVT (and treasury side liquidity) into the BEX BVT/beraBTC/USDT0 LBP/weighted pool to create real DEX liquidity.
● Link to where the Staking Token is located: https://beratrail.io/address/0x04ec3Ea102b7C02073a8b43031391aB327a2486B/contract/80094/code
● Existing Liquidity / TVL (if it is a DEX pool the TVL should be at least $50K in a major ecosystem asset)
Not an LP Token, but the underlying LBP(BVT-beraBTC-USDT0) will have $4.5 Million initial TVL when launched on September 19th, 2025.
● Describe how a user should acquire this staking token
Users acquire the staking token by buying BVT on Berachain and depositing it into the Batoshi Protocol’s Node Distributor. On deposit, the protocol mints a 1:1 BVT-LBP Receipt Token to the user as the staking token; behind the scenes our Liquidity Manager pairs the contributed BVT (and treasury inventory) to add liquidity to the BVT/beraBTC/USDT0 LBP pool on BEX. To minimize friction, the protocol automatically stakes the user’s BVT-LBP Receipt Token into the BVT-LRT Reward Vault on their behalf—no manual staking step—so rewards start accruing immediately; users can later view, claim, or exit via the vault UI.**
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● Reward Duration address: 0x02a7e95F77E53c47aCBeA3F1383eC9ECaFFe4566
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
● Name: BVT-LBP Receipt Token
● Symbol : BVT-LRT
● Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
chain / address
berachain/ https://beratrail.io/address/0x04ec3Ea102b7C02073a8b43031391aB327a2486B/contract/80094/code
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: wBERA, USDT0
Additional Requirements:
● Specify how many tokens per week you plan to allocate for incentives
Batoshi plans to allocate approximately $100,000 - 200,000 per month (25-50K per week）in incentives over the initial growth phase, primarily funded through part of the BVT sales and beraBTC minting fees. The briwill be periodically converted into $wBERA to support LP incentives and strengthen alignment with the broader Berachain economy.
● Specify for how many weeks you plan to allocate incentives
At least 25 Weeks (6 months)
● Outline how decisions about token incentives are made (DAO, multi-sig, etc.). multi-sig
● 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)
0xD6d279356dD2Db289ed3448F326d6A257Fb4DeAA
6. Growth, Community & Ecosystem Impact
Why This Contract Matters:
● How will this contract benefit Berachain?
This Reward Vault turns our Chinese community-led node funnel into real, on-chain participation in Berachain’s PoL. Users simply buy BVT and deposit it into Batoshi Protocol; the protocol mints a 1:1 BVT-LBP Receipt Token and auto-stakes it into the BVT-LBP Reward Vault, while our Liquidity Manager pairs treasury inventory to add liquidity to the BVT / beraBTC / USDT0 pool on BEX. The result is a frictionless “stake-to-participate” on-ramp that moves thousands of new retail users from education → staking → PoL rewards, without asking them to manage LP math or multi-step DEX actions.
Benefits for Berachain:
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Aggregates BTC-native liquidity into Berachain via beraBTC (within the tri-token pool), lifting TVL and deepening BTC routing on BEX.
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Drives BGT demand & PoL participation: the vault is the user’s entry point to earning BGT, converting newcomers into long-term PoL participants.
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Creates measurable BERA buy-side: (i) every new user needs BERA for gas and staking ops; (ii) we purchase BERA using BVT trading fees and node-sale treasury to co-incentivize the vault—adding direct, non-recycled BERA demand.
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Expands the user base beyond “crypto-native”: our offline education + tiered node program in China brings new retail cohorts into Berachain with tracked onboarding and identity progression.
● Will it deepen liquidity for a major ecosystem token (e.g., BERA, core stable asset)?
Yes. The staking flow continuously feeds liquidity into a BEX weighted/LBP pool of BVT / beraBTC / USDT0, directly deepening two major assets (beraBTC and USDT0) that underpin routing across the chain. In parallel, the program indirectly strengthens BERA by (a) requiring BERA for all user actions and (b) treasury BERA purchases used for co-incentives/bribes tied to the vault’s growth.
● Does it enable important trading pairs that drive adoption or integrate with other Berachain projects?
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Establishes BVT/beraBTC as a governance-to-BTC route for BTC-Fi products and cross-ecosystem integrations.
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Anchors beraBTC/USDT0 liquidity inside the same pool (and later as a focused leg), improving BTC and USD-denominated routing for aggregators, perps, and lending markets.
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The vault’s PoL alignment plus planned iBGT workflows (Infrared) create natural touchpoints with bribing/ve-style incentives and other Berachain protocols, accelerating adoption while keeping user UX “one-click” (auto-stake on deposit).
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Potential Volume / TVL:**
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Provide metrics or estimates on liquidity you expect to attract.
Initial liquidity: $4.5M TVL in LBP at the first day of vault launch - $1.5M in beraBTC, $1.5M in USDT0, $1.5M in BVT. Based on node-level commitments and active community funnels, we anticipate total vault-attributed TVL exceeding $10M within 90 days
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Highlight any known liquidity commitments. *(If you or partners plan to seed the contract, provide proof of funds or a statement of intent.)
*
We have raised over $5M from the beraBTC node sale and will have the initial liquidity to be $4.5M TVL in the LBP at the first day of vault launch - $1.5M in beraBTC, $1.5M in USD0, $1.5M in BVT.
Synergies with Other Protocols:
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Will this contract feed into any yield aggregators, lending markets, or liquid staking derivatives on Berachain?
Infrared: Will convert earned BGT into iBGT, enhancing compounding and long-term staking
Future integrations targeted with Berachain-native lending markets and yield aggregators
Compatible with liquid staking protocols once launched, due to stable, long-duration user behavior patterns.
Marketing / Promotion:
● Are there plans to co-market with another project to bootstrap liquidity?
Yes. We have a phased co-marketing plan that pairs offline acquisition in China with cross-ecosystem partners to accelerate TVL and active users:
China GTM (ongoing): Continue large-format offline roadshows and workshops focused on BVT staking → auto-stake RV onboarding, followed by the BVT bond use case. This keeps adding net-new retail users and fresh liquidity without LP complexity.
Ecosystem co-marketing: Coordinate campaigns with partners such as B-harvest and TTT to open Korea and Vietnam funnels.
This plan brings in new users first (simple BVT stake, auto-staked into the RV), then graduates them to deeper participation—growing PoL-aligned liquidity quickly while keeping UX “one-click” and accessible.
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.)
In the first three months, the vault functions as a frictionless on-ramp: users purchase BVT, deposit into Batoshi Protocol, and automatically receive and stake the BVT-LBP Receipt. The Liquidity Manager pairs treasury inventory into the BVT / beraBTC / USDT0 LBP on BEX, accelerating TVL formation and onboarding large cohorts of new retail users; every on-chain action (approvals, staking, claims) requires BERA, creating immediate spot demand.
Between three and six months, the pool transitions from LBP parameters to steady weighted settings, tightening spreads and increasing routing share. Co-incentives are deployed in BERA, funded by BVT trading fees and a node-sale treasury allocation, producing explicit BERA buy-side pressure without recycling BGT.
From six to twelve months, liquidity specializes: BVT/beraBTC remains the governance-to-BTC leg, while beraBTC/USDT0 scales toward a low-slippage routing hub and integrates with perps, lending, and aggregators. As depth and volume become durable, the pool targets recognition as core chain liquidity with progressively lower reliance on external incentives.
Throughout this progression, BERA demand grows through three channels: continuous onboarding of net-new retail users (initially China-led, expanding via Korean and Vietnamese partners) who must hold and use BERA for all interactions; treasury purchases of BERA to fund co-incentives; and increasing swap and liquidity activity as pools deepen, which raises BERA consumption across the network.
Net effect: a simple, scalable retail on-ramp that matures into core routing liquidity while steadily importing fresh capital and reinforcing sustained BERA buy-side demand.