Smilee Finance received approval for two new reward vaults on Kodiak: iBGT/wgBERA and stBGT/wgBERA. These vaults create new, exotic pairings between ecosystem staking derivatives, connecting Infrared, Smilee, and BakerDAO. The team’s goal is to expand opportunities for iBGT and stBGT holders to participate in new LP strategies and earn BGT rewards, while bringing a new wave of stBGT adopters through BakerDAO and the Smilee app.

Beyond the new vaults, the Guardians also approved the addition of USDe, Ethena’s delta-neutral synthetic dollar, as supported collateral for minting HONEY. The move will expand HONEY’s backing to include a fourth major stablecoin, alongside USDC, pyUSD, and USDT0, opening new routes for DeFi-native collateral to flow into Berachain’s stablecoin layer.

Both updates enhance Berachain’s liquidity architecture, reinforcing the systems that connect staking, trading, and stablecoin issuance.

NON-BEX POOLS (DEX — Vault Proposer — Pair)

• Kodiak — Smilee Finance — iBGT/wgBERA
• Kodiak — Smilee Finance — stBGT/wgBERA

All requests for amendments to existing vaults were approved, with the Labs team coordinating with teams to swap out incentives or make necessary changes.

Disclaimer: Approval by Governance Guardians of a new vault or any parameter changes does not mean endorsement or promotion of such vault or changes. Governance Guardians approve items based on set criteria, which are published in https://blog.berachain.com/blog/berachain-governance-update-new-rfrv-standards-a-clearer-path-forward. None of what is noted herein should be construed as financial advice or recommendation. Users of vault are strongly encouraged to conduct their own research before using such a feature.