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 revenue & 50% of exchange revenue & 50% of down payment revenue.

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

The share ratio and fee ratio can be changed by commuting voting.

• To earn 100% of ETH income collected from NFT-backed loans (30% of borrowing interest).

• To earn 50% of ETH income collected from NFT exchange fees (2% of the sale price).

• To earn 50% of ETH income collected from NFT down payment fees (1% of the sale price).

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 and Your Locking APR 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