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). veBEND holders share 100% of the lending protocol income.

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 100% ETH income that is collected from NFT-backed loans.

How can I get veBEND?

Users will receive veBEND when staking BEND. https://www.benddao.xyz/yielding/lock-bend

How much will I earn by holding veBEND?

It depends on how many veBEND tokens you hold because the ETH earnings are distributed by your veBEND weight. veBEND holders share 100% of the lending protocol income.
The Avg. Locking APR (7d) and Your Locking APR (7d) are available on the Lock BEND page. https://www.benddao.xyz/yielding/lock-bend

Is there a minimum or maximum amount to stake?

You can stake any amount you want, there is no minimum or maximum limit.

What will I earn if I stake my BEND?

ETH. Since the lending protocol income is in ETH.

When can I claim my rewards for staking BEND?

The ETH rewards will be distributed every week. https://docs.benddao.xyz/portal/governance/fee-collection-and-distribution
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On this page
More details of Bendenomics.
What is the utility of the BEND token?
What is veBEND?
How can I get veBEND?
How much will I earn by holding veBEND?
Is there a minimum or maximum amount to stake?
What will I earn if I stake my BEND?
When can I claim my rewards for staking BEND?