BEND holders can stake BEND to get vote-escrowed BEND (veBEND). veBEND holders share 100% of the lending protocol income.
What is veBEND?
veBEND has two main uses: Voting and Earning.
Holders of veBEND can participate in voting on which NFT as collateral that Bend protocol can support for borrowing ETH and providing liquidity. It will benefit all the NFT holders as long as the supported NFT liquidity improved.