What is WeBera?

WeBera is a permissionless yield abstraction layer designed to simplify participation in DeFi on the Berachain ecosystem. The project was created to offer users an automated yield aggregator with auto-rebalancing AI optimization and a tokenized vault system.

Through a set of investment strategies secured and enforced by smart contracts, WeBera automatically maximizes the user rewards from various liquidity pools (LPs),‌ ‌automated market making (AMM) projects,‌ ‌and‌ ‌other yield‌ farming ‌opportunities in the DeFi ecosystem.

What makes WeBera unique?

1. Simple UX: Manage deposits and rewards across multiple dApps all from one easy interface. Enjoy seamless integration with DeFi and easy investment monitoring.

2. Time and Resource Efficiency: Users no longer need to spend excessive time and resources managing their DeFi positions. WeBera handles the complexities, allowing users to simply deposit their liquidity and receive optimized yields.

3. Optimized Yield Aggregation: By efficiently allocating liquidity across various protocols, WeBera aims to provide the best possible yields for users' assets, particularly stablecoins.

4. Dynamic Risk Management: Our architecture is designed with a strong focus on risk mitigation. By spreading assets across multiple top-tier protocols and employing real-time monitoring, WeBera can quickly respond to market changes or potential security threats, safeguarding user funds more effectively than static allocation strategies.

5. Reward Flywheel Mechanism: WeBera's unique reward structure creates a powerful flywheel effect. By reinvesting yields, distributing $BGT rewards, and incorporating validator incentives, we've designed a system that compounds returns more effectively, maximizing long-term gains for our users.

Key Features

By offering these below features, WeBera seeks to create a "set-and-forget" solution for users looking to earn passive income in the Berachain DeFi ecosystem while minimizing complexity and active management requirements.

• Optimizer: Utilizes an AI-based calculation model for real-time rate monitoring and auto-rebalancing to manage risk.

• Tokenized Vault: ERC-4626 compatible, allowing the vault token to be used in various DeFi use cases.

• Permissionless Nature: Enables anyone to deploy customized vaults, contributing to the protocol's growth and development.

The vault is a core component of WeBera's yield aggregation system

Deposit Mechanism

• Users can deposit HONEY (Berachain's native stablecoin) directly into the vault.

• Other stablecoins (USDC, USDT, DAI) can also be deposited and are automatically converted to HONEY using Berachain's Mint Site.

• In return for deposits, users receive weHONEY tokens, which are pegged 1:1 with HONEY.

Auto-compounding

In WeBera, deposited liquidity is automatically compounded, meaning that when borrowers make interest payments, the funds are immediately reinvested into the liquidity pool. This enables the interest rate for lenders to compound over time.

Auto-Rebalancing

• The vault features automatic rebalancing mechanisms to ensure that liquidity is efficiently allocated and adjusted in response to changing market conditions.

• This rebalancing is done without user intervention, providing a hassle-free experience while optimizing returns.

Withdrawal Process

• Users can withdraw HONEY by returning their vHONEY tokens to the pool.

• A withdrawal threshold is in place (details to be updated) to manage liquidity and ensure fair distribution based on market conditions.

Vault Tokens

• $weHONEY is like a deposit receipt.

• They represent a user's share of the yVault that they are participating in.

• This tokenization allows for easier tracking of positions and potential integration with other DeFi protocols.

• The vault token is ERC-4626 compatible, which standardizes it for interaction with multiple DeFi protocols.

For example, if you deposit HONEY into the Vault, you will receive $weHONEY as a vault token that represents a user's deposit. If your vault token generates profit, the share price of your Vault tokens will increase. This happens because more underlying tokens are in the Vault to redeem upon withdrawal. Once a user's liquidity is withdrawn from the Vault, their vault token will be burned.

The AI Optimizer serves as the intelligent core of the vault system, powered by two specialized AI agents. The first agent focuses on maximizing yield farming opportunities across various Berachain protocols, continuously scanning and analyzing potential returns. The second agent handles BGT delegation strategies, working with multiple validators and LST protocols to optimize staking rewards and ensure efficient token delegation across the network.

The Tokenized Vault leverages the ERC-4626 standard to create a seamless and standardized interface for vault interactions. This compatibility enables the vault to integrate smoothly with both DeFi applications and Proof of Liquidity (PoL) systems, enhancing overall liquidity depth and yield generation potential. The standardized nature of ERC-4626 also ensures broader interoperability and easier integration with existing and future protocols.

The Permissionless Nature of the vault system democratizes access to advanced DeFi strategies. Any user can deploy their own customized vault without requiring special permissions or approvals, fostering an open and inclusive ecosystem. This approach not only encourages innovation but also enables diverse community contributions to the protocol's growth, allowing users to create and experiment with different vault strategies that best suit their needs.

The user journey in WeBera begins with depositing assets into WeBera Vaults, which returns LP tokens and generates yield. Users can then stake these LP tokens in the WeBera BGT Factory to earn additional rewards. The BGT Factory manages the process of claiming BGT and delegating it.

To operate this flow, the following components are required:

1. WeBera Vault

• This is the primary component responsible for creating and managing vaults. Currently, WeBera’s active vault is weHONEY.

• Users deposit assets into the vault, which employs an Optimized Strategy to farm these assets across various DeFi protocols, aiming to achieve the highest possible yield.

• In return, users receive LP tokens, specifically $weHONEY, and the yield generated from farming.

1. AI Optimizer

• A critical component determining the optimal asset distribution across multiple DeFi liquidity pools.

• Uses an AI-based calculation model to monitor rates in real-time and perform auto-rebalancing, helping to manage risks effectively.

1. WeBera BGT Factory

• The core of WeBera’s Proof of Liquidity optimization process. Users stake their $weHONEY LP tokens directly in the dApp’s BGT Optimizer to earn incentives.

• This component handles LP token staking, BGT claims, and delegating BGT to trusted validators.

• Additionally, it collects bribe incentives from validators and distributes them to users.

1. AI BGT Optimizer

• Similar to yield farming, AI is applied to the BGT Optimizer, employing optimized strategies to enhance the allocation of LP tokens and BGT for maximum efficiency.

This architecture enables WeBera to manage user assets efficiently, optimize yields across multiple protocols, and provide a unified interface for users to access diverse DeFi opportunities. The use of AI and off-chain computing in the Optimizer suggests advanced strategies for maximizing returns while potentially managing risks.

WeBera’s AI Optimizer plays a particularly important role in delivering the highest returns to users with the lowest risks.

It is currently applied to:

1. Yield Farming

2. BGT Optimizer

This is the audit file conducted by SlowMist.

The BGT Optimizer represents a comprehensive solution for BGT delegation and management, designed to serve as "the only optimized-BGT Beras will ever need." Here's a detailed breakdown of its key components:

The system's core strength lies in its ability to abstract and streamline Proof of Liquidity (PoL) for mass adoption, significantly simplifying the traditionally complex BGT delegation process. This democratization of access ensures that even new users can participate effectively in the ecosystem.

The AI-powered optimization engine specializes in managing bribe incentives, utilizing advanced algorithms to maximize returns for participants. The BGT AI optimizer continuously analyzes and adjusts strategies to ensure optimal distribution of BGT across various validators and protocols, including Infrared, BeraPaw, and other validators.

The WeBera BGT Factory serves as the central hub for BGT operations, where users provide LP tokens and receive bribe incentives in return. This factory maintains a sophisticated relationship with validators, coordinating BGT delegation while ensuring the reduction of BGT centralization in top validators and projects, promoting a more balanced and sustainable ecosystem.

This architecture creates a self-sustaining cycle where users, validators, and the protocol itself benefit from optimized BGT distribution and incentive mechanisms, all while maintaining decentralization principles.

The AI agent serves as the cornerstone of the yield farming optimization system, meticulously balancing the pursuit of higher APY with risk mitigation. This intelligent system continuously evaluates and adjusts strategies to ensure users achieve the most optimized returns while maintaining conservative risk profiles in their DeFi investments.

The automated risk management system employs sophisticated dynamic re-balancing mechanisms and risk-adjusted thresholds. This automated approach allows for continuous portfolio adjustment based on market conditions, ensuring that investments remain within acceptable risk parameters while maximizing potential returns.

Real-time data monitoring forms the backbone of the system's responsiveness, with updates occurring every 10 seconds. This rapid monitoring capability enables the AI to detect and respond to market changes almost instantaneously, providing a significant advantage in the fast-moving DeFi landscape.

The integration of multiple yield sources demonstrates the system's comprehensive approach to yield optimization. It spans across various DeFi protocols including Lending/Borrowing platforms, DEX Liquidity Pools, Derivatives/Options trading, and Perpetual DEX systems. This diversification not only spreads risk but also allows the AI to identify and capitalize on the most profitable opportunities across the entire DeFi ecosystem.

Before initiating a transaction, you must first connect your wallet into WeBera

1. On the main screen, go to the Deposit section and select your Token.

1. After selecting your token, the amount available in your wallet will be displayed in the "Available" field.

2. Enter the amount you wish to deposit into the vault. We provide percentage buttons for quick selection of the ratio you want to deposit: 25%, 50%, 75%, and 100%.

1. Finally, click the button "Deposit and sign the transaction.

With WeBera, you can withdraw both your deposited amount and yield rewards anytime you want.

1. Token Selection:

   • Similar to the deposit process, start by selecting the token you wish to withdraw.
2. Amount Entry:

   • Enter the amount you want to withdraw.

   • Quick selection options for withdrawal percentages are available, based on your Available balance.

3. Remaining Balance Display:

   • There's a section that shows the remaining amount after withdrawal.

   • Example: If you have 80 $USDC in the Vault and initiate a withdrawal of 40 $USDC, the "Total value after withdraw" line will show 40 $USDC remaining.

• Alternatively, you can quickly select 40 $USDC by choosing the 50% option.

1. Confirmation:

• Finally, click on Withdraw and sign to complete the transaction.

WeBera is positioned as a trailblazer in creating the first integrated AI x DeFi ecosystem on Berachain. With cutting-edge components that seamlessly merge artificial intelligence with decentralized finance, WeBera is reshaping how users interact with and benefit from DeFi protocols. Below is an overview of the three core pillars of this ecosystem:

1. AI Optimizer (LIVE NOW)

The AI Optimizer leverages state-of-the-art AI technologies, including LSTMs (Long Short-Term Memory models), to refine yield optimization strategies.

• It is trained with various yield optimizer models to ensure consistent performance across different DeFi protocols.

• The AI agent continuously observes yield performance based on multiple factors, using real-time data to fine-tune and improve strategies.

• Users benefit from maximized returns and efficient fund allocation with minimal risks.

1. AI Chat Bot (Coming Q4 2024)

The tailored BeraXBT AI Chat Bot is designed to onboard and educate users about the Berachain ecosystem and its DeFi functionalities.

• It enhances user engagement by gamifying the onboarding process, creating a stronger connection between users, WeBera, and Berachain.

• Additionally, the bot collects valuable user insights for continuous product improvement, ensuring that WeBera evolves with user needs.

1. Infrastructure for AI x DeFi (Coming Q5)

WeBera aims to establish a permissionless vault infrastructure for yield-bearing assets, integrated with customizable AI agents.

• These AI agents are crafted based on the creator’s yield strategies and WeBera’s expert input, allowing for highly tailored and efficient performance.

• This infrastructure empowers users to create personalized vaults and leverage optimized strategies to achieve their financial goals.

Through a combination of live AI-driven optimizations, interactive user education, and scalable infrastructure, WeBera’s AI x DeFi ecosystem sets the foundation for decentralized innovation. It enables users to access intelligent, adaptive tools for maximizing returns while minimizing risks in the dynamic DeFi space.

• WeBera was created to address the challenges users face in the DeFi space, such as losses from market volatility and complex protocols.

• Traditional DeFi strategies often resulted in inefficient liquidity use, leaving potential yields untapped.

• Navigating DeFi required constant monitoring and position adjustments, making the process time-consuming and resource-intensive for users.

• WeBera simplifies this by offering a streamlined solution where users provide liquidity and receive high, stable, and secure yields without manual intervention.

• The platform aims to democratize access to optimal yields, particularly on stablecoins, removing the need for extensive technical knowledge.

• By addressing these pain points, WeBera is building a more accessible and efficient DeFi experience for all users.