Ultraviolet: RV Application for uvBERA-wBERA

Proposals Reward Vaults
1

RFRV

Reward Vault Request for [uvBERA-wBERA]

1. Proposer Details

  • Proposer’s project name: Ultraviolet

  • Proposer’s email: ultravioletficore@gmail.com

  • Proposer’s X account (you will be required to make a post from the X account provided for verification purposes): https://x.com/UV_Money

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

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

2. Protocol Details

3. Reward Vault and Staking Token Details

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: uvBERA

  • Symbol: uvBERA

  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0x1852DEe9680A43Dc79c4Ef49C083bEe24b741a87

  • Name: wBERA

  • Symbol: wBERA

  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain): 0x6969696969696969696969696969696969696969

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

  • Symbol: wBERA

  • Name: HONEY

  • Symbol: HONEY

Additional Requirements:

  • Specify how many tokens per week you plan to allocate for incentives - Varies depending on protocol revenue and yield

  • Specify for how many weeks you plan to allocate incentives - Perpetually

  • 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)

Incentives will be distributed according to yields and fees generated via the protocol. Variable week to week. Distributions occur via multisigs and incentive manager address is - 0x3240568dd80A7aC5E7a482f1AC3601E1253f1a79

6. Growth, Community & Ecosystem Impact

Why This Contract Matters:

  • How will this contract benefit Berachain?

Users now have a system that enables additional and unique ways to speculate not only on BERA but also infrared’s iBGT premium through ultraviolet.

This system enables a new opportunity for users who want specific exposure to BERA itself via a yield bearing high A pool to make BERA a more interesting asset to have exposure to.

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

Yes, this will deepen liquidity for BERA

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

Since Ultraviolet is built on top of infrared, we will collaborate and continue to grow the demand for BERA denominated assets.

Potential Volume / TVL:

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

We aim to initially capture 3% of iBGT, this would give us around $500k in TVL. We’re in touch with partners across the ecosystem to help seed and grow liquidity. We are currently at almost $200k of TVL as of this reward vault application.

Synergies with Other Protocols:

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

Yes, UV assets, once possible we will look to incorporate UV assets into aggregators, money markets and other Berachain related protocols.

Marketing / Promotion:

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

Yes, alongside Infrared.

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.)

There is scope for a pool like this to expand into a metapool for BERA LSTs that can help to grow the demand and LP size of BERA specific LSTs. I think more derivatives can also be build including and expanding on top of the two uv assets, including perpetual and option based products. We can amplify the effects of this via the money legos that DeFi on Berachain offers.

7. Verification

Please post the following text with the provided X account:

https://x.com/UV_Money/status/1945177708058509622

RFRV Batch 17 Results | POL v2 Results | USDT to HONEY Results
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Hi team, at the time of review, the following concerns were identified:

• The incentive amount is described as yield-dependent. Please clarify or include an estimated monthly incentive amount to align with the minimum $10,000/month target required by the guidelines here: Berachain Reward Vault Requirements & Guidelines | Berachain Core Docs

Please note that the following feedback doesn’t represent the opinions of the BGT Foundation. It is contextual feedback from the Bera ecosystem team with respect to publicly stated guidelines.

With these clarifications and updates, this application would be in a stronger position to qualify for a Reward Vault.

1 Like
3

Yes, we will be adding more than $10,000 a month in incentives.
This can be proven by the current yield offered via the LP staking we currently offer on the webapp today which will now be flowing into the reward vault once approved.

4

Hi team, we have a few additional concerns we want to note:

• The base asset (WBERA) TVL is only $11,000. This does not meet the requirement that the major asset in the pool must have at least $50,000 in liquidity, as outlined in the guidelines: Berachain Reward Vault Requirements & Guidelines | Berachain Core Docs

• Unfortunately, a screenshot of a table displaying audit results is not a sustainable or verifiable method for our review process. Please provide a direct link to the full audit report or an accessible, verifiable source.

Please note that the following feedback doesn’t represent the opinions of the BGT Foundation. It is contextual feedback from the Bera ecosystem team with respect to publicly stated guidelines.

With these clarifications and updates, this application would be in a stronger position to qualify for a Reward Vault.

5

Dear Beralabs team

When we applied for the reward vault, the pool had more than $50k in TVL in wBERA, since then the pool has shifted slightly but this is something that is dynamic and constantly changes. I think we have demonstrated and satisfied this requirement.

In terms of audit, we have uploaded and edited the above application to include the full audit report.

6

Thank you for the context. While we understand that TVL is dynamic and subject to change, the $50k TVL in base asset is a hard requirement that must be met at the time of voting by the council, not just at the time of application. This ensures consistency and fairness across all proposals under consideration.

1 Like
RFRV Batch 18 Results | RFP announcement of an annoucement
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Addition of a 3rd incentive token - uvBERA

  • Name - Ultraviolet BERA

  • Symbol - uvBERA

  • Token Contract Addresses (on Berachain and bridging addresses if cross-chain):
    chain / address - 0x1852DEe9680A43Dc79c4Ef49C083bEe24b741a87

  • Tokenomics, Distribution, and Vesting (links to official docs, website, etc.) - Soft pegged to BERA, has mint/redeem function with uvPREM and iBGT. Distributed based on current minters.

  • Identify any address(es) controlling more than 10%in un
    (address / type: team, foundation, investor, etc.) - N/A

  • Does the project issuing the token have any relationship with current Berachain validators? - N/A

  • Total Supply Cap (if any) - Unlimted (Capped by iBGT minting)

  • Circulating Supply - 84,000

  • Token Type:
    (Governance, Utility, Memecoin, Stablecoin, LST, Other) - BERA soft pegged asset, minted via iBGT into uvBERA + uvPREM and redeemed vice versa

  • Are token contracts upgradable? Yes

  • Token Control: (Multisig/Single Owner/RBAC/Permissionless/Governance) Multisig

  • Additional details on Token Control - Nil additional

  • Is the token contract verified? - Yes

  • Is the token a standard ERC20 or any functions have been customized? (e.g. transfer, balance, mint, burn…) No extra customisations

  • Can the token be paused? No

incentive manager address is - 0x3240568dd80A7aC5E7a482f1AC3601E1253f1a79
duration manager adress is - 0x3240568dd80A7aC5E7a482f1AC3601E1253f1a79