Tokenomics FAQ

More details of Bendenomics.

What is the utility of the BEND token?

BEND is the governance token of BendDAO.
BEND holders can stake BEND to get vote-escrowed BEND (veBEND).

What is veBEND?

veBEND has two main uses: Voting and Earning.

Voting

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.
Bend DAO Governance: https://snapshot.org/#/benddao.eth

Earning

  • To earn ETH income that is collected from NFT-backed loans.