Skip to content

Tokens Overview

In the Bend protocol we're typically dealing with 2 main types of token:

  1. aTokens
  2. Debt Tokens


aTokens are tokens minted and burnt upon supply and withdraw of assets to an Bend market, which denote the amount of crypto assets supplied and the yield earned on those assets.

The aTokens' value is pegged to the value of the corresponding supplied asset at a 1:1 ratio and can be safely stored, transferred or traded. All yield collected by the aTokens' reserves are distributed to aToken holders directly by continuously increasing their wallet balance.


Debt tokens are interest-accruing tokens that are minted and burned on borrow and repay, representing the debt owed by the token holder.

Currently we support Variable Debt tokens, which represent a debt to the protocol with variable interest rate.


Debt tokens are not transferable.