Vault Overview

Details on all deployed Beradrome vaults and reward logic

Beradrome: Introduction to Vaults

The heart and essence of the Beradrome ecosystem resides within its unique model of vaults! Through vaults, any yield-generating asset established within any protocol on Berachain can seamlessly integrate into Beradrome, each with its dedicated gauges!

Users gain the ability to deposit their LP tokens produced on decentralized exchanges (DEXs), tokens acquired from lending/borrowing platforms, and essentially any tokens generating yield independently. These gauges would generate $oBERO as incentives, mirroring the mechanism of $SOLID on Solidly. The distinction emerges in that these $oBERO tokens would represent a call option for $BERO. By holding oBERO, users gain the capacity to purchase $BERO at the predefined floor price of 1 HONEY.

In Beradrome, gauges are not limited to a single AMM's liquidity pairs. The system enables the creation of vaults for any yield-bearing asset, significantly broadening its potential applications and attracting a diverse range of users, projects, and assets. Farmers deposit vaults in gauges, and the yield from vaults goes to hiBERO voters who voted for that gauge, while vault farmers earn oBERO.

Different types of vaults

The way user deposited funds are handled and rewards are given are different per vault type. The main difference being caused by where the LP or receipt token originates from. Currently we have four different types of vaults:

BEX vaults:

For BEX or Berachain native vaults the reward generated is BGT, once deposited into Beradrome’s vaults we will give you oBERO emissions in return. The BGT generated will be turned into wBera and will be used to drive the hiBERO voter rewards along with generated swap fees for that vault.

Kodiak Finance vaults:

For Kodiak vaults we will compensate LP farmers with oBERO emissions, the LP rewards generated by the Kodiak LP such as KDK, xKDK and swap fees will be used to drive hiBERO voting rewards for that vault.

Liquidity trifecta vaults:

For the Liquidity Trifecta vault which is a joint cooperation between Kodiak Finance, Yeet and Beradrome we will compensate LP farmers with oBERO, KDK, xKDK and swap fees. hiBERO voters will receive bribes from Yeet. For a more in-depth explanation on how the Liquidity Trifecta Flywheel operates see the docs page on the topic.

Infrared vaults:

For Infrared vaults we will reward LP Farmers with oBERO emissions, and reward hiBERO voters with swap fees and iBGT rewards. Currently Infrared vaults require you to make the liquidity pairing through BEX, after depositing the LP tokens into the Beradrome farm we will restake the LP into Infrared.

Active vaults and yield

As of the 22th of August 2024 there are 11 active vaults. Below this text is a table containing every current vault, what type of vault it is, and what rewards they generate for vault farmers and hiBERO voters.

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Last updated 2 months ago