Pre-Deposit Vaults and Whitelists

This phase is complete

Before the protocol goes live, there will be three seperate pre-deposit vaults in which users can deposit $BERA, which will be used to bake $BREAD. Each vault depositor receives the same baking price as fellow vault depositors, and each vault mints in a separate tranche, sequentially.

This means that:

• The first vault bakes first and gets the best price, the second and third vaults mint in their own respective order

• After the pre-deposit vaults have baked, public baking becomes live

• All depositors in the same vaults get the same price, and baking via a pre-deposit vault eliminates the risk of being frontrun

Vault tiers and whitelist criteria

Senior baker vault

• Who can deposit? Addresses that meet any of the following criteria:

  • Own 69 $xKDK or more

  • Stake 6900 $YEET or more

  • Liquidity Trifecta Vault depositors with 69 $TRI-YEET or more

• Is there a cap? 1690 $BERA per address, and 269,000 $BERA total

Junior baker vault

• Who can deposit? Addresses that meet any of the following criteria:

  • Own 0.69 $gOHM or more (any chain, and includes stakers)

  • Own 169,000 $BM or more

  • whitelisted partner communities

• Is there a cap? 1169 $BERA per address, and 269,000 $BERA total

Missoor vault

• Who can deposit? Addresses that were whitelisted for Senior and Junior vaults but did not manage to depoit

• Is there a cap? 1690 $BERA per address, and 69,420 $BERA total

Public baker vault

• Who can deposit: Anyone, this vault is public

• Is there a cap? None per address, but 169,000 $BERA total in vault

The BakerDAO treasury has the ability to bake a maximum of 6900 $BREAD at the initial price with no fees. This will be used to seed liquidity in the $BREAD/$OHM liquidity pool, and for future incentives