Bend Overview
Bend is Berachain's non-custodial liquidity and lending protocol, with a focus on making the $HONEY stablecoin more widely accessible in the Berachain ecosystem.
Participant Overview
There are three main participants in Bend:
- Suppliers providing
$HONEY🍯 liquidity - Borrowers borrowing
$HONEY🍯 and paying lending fees - Liquidators ensuring that the protocol remains solvent
Borrowers earn $BGT in Bend through Berachain's Proof of Liquidity (PoL) mechanism. Head over to the main docs to learn more about PoL.
Berachain itself may also be considered a Bend participant, as the entity providing $BGT incentives to promote Bend usage through PoL.
How do I Use Bend? 🤔
Interacting with Bend can be done via the Bend dApp using https://bartio.bend.berachain.com/ or the contracts. Below are specific considerations for borrowers and lenders.
Borrowers
Borrowers can deposit assets as collateral and borrow $HONEY. Borrowers automatically earn $BGT for borrowing $HONEY. This borrowed $HONEY is also useable in the Berachain ecosystem, as long as the loan is kept collateralized or is repaid.
See our user guide on Borrowing.
Lenders
$HONEY holders can supply (lend) their tokens to earn passive lending interest from borrowers. This interest is paid in the form of $HONEY tokens.
See our user guide on Supplying.