🐻⛓️ Berachain Bend Docs

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What is Bend? ​

Bend is a decentralized lending protocol forked from Morpho, designed to enable efficient lending and borrowing with native Proof-of-Liquidity (PoL) on Berachain. As a lending primitive layer, Bend allows the creation of immutable and efficient lending markets in a permissionless way.

Bend inherits the core architecture from Morpho v1 vaults and markets, providing a familiar and battle-tested lending infrastructure while leveraging Berachain's unique Proof-of-Liquidity consensus mechanism.

Bend - What is bend

https://bend.berachain.com/

How it Works ​

Bend operates as a simple lending primitive layer that creates immutable and efficient lending markets through smart contracts. The protocol facilitates:

  • Lending: Users can deposit assets to earn interest and $BGT
  • Borrowing: Users can borrow assets by providing collateral
  • Market Creation: Permissionless creation of new lending markets
  • Interest Rate Dynamics: Market-driven interest rates based on supply and demand

Key Features ​

  • Collateralization: Users provide collateral to borrow assets
  • Risk Protection: Liquidation mechanisms protect the protocol through loan-to-value ratios
  • Interest Accrual: Dynamic interest rates based on market conditions
  • Open Participation: Anyone can lend or borrow through the protocol
  • Non-custodial Design: Users maintain ownership of their assets at all times
  • Vault System: Inherited from Morpho v1 vault architecture
  • Native PoL Support: Leverages Berachain's Proof-of-Liquidity by incentivizing users who lend their assets to borrowers

Use Cases ​

Bend serves various use cases including:

  • Lending: Earning interest on deposited assets
  • Borrowing: Accessing liquidity while maintaining asset exposure
  • DeFi Integration: Building lending features into other applications
  • Looping: Taking leveraged exposure on yields and assets by employing looping strategies

Getting Started ​

To start using Bend, users can:

  1. Connect their wallet to Berachain Bend
  2. Browse available lending markets
  3. Deposit assets to start earning interest
  4. Borrow assets by providing sufficient collateral
  5. Monitor positions and manage risk

Bend provides a familiar lending experience for users familiar with Morpho, while offering the benefits of Berachain's unique Proof-of-Liquidity and ecosystem.

See our Guides section for more and start with the Borrow & Repay Guide.