Bent Finance

Bent Finance

BENT
$0.026682917%41.63

Key Metrics

Price$0.026682917
Real Volume (24H)$0
Marketcap$188,137.6
Fully Diluted Valuation$5,163,589
ATH$15.98
ATH Date12/19/2021, 8:41:05 PM
ATL$0.051374
ATL Date12/20/2022, 12:16:13 PM
Circulating Supply7.1M
Total Supply50M
WebsiteN/A
WhitepaperN/A
Popularity Rank3310
Chart
What is Bent Finance?

Developed by an anonymous team, BENT Finance is more or less to CVX what CVX is to CRV. Here's how BENT Finance works: instead of staking your Curve LP tokens in Convex, you stake them in BENT Finance. This yields out all of the Convex rewards you would have received by directly staking on Convex, minus 17%. BENT Finance then rewards you with a healthy amount of BENT, which will make up for and more than the 17% slash. This system is emulated from Convex, which itself takes a 17% clip from CRV deposits.

You can also stake in the DAI/BENT pool on SushiSwap for happy rewards or participate in BENT staking or CVX staking. CVX staking will be used to vote on the Convex Gauge and controlled by the BENT stakers. The end result is that by staking your Curve LP or CVX into BENT instead of Convex, you will yield more. This allows BENT stakers to effectively get a piece to control the Curve Gauge vote in a practical manner.

BENT Finance is not just a yield aggregator, but also a governance token. Staking BENT tokens allows you to receive a share of the platform fees and vote on the Convex Gauge. BENT is minted pro-rata for each CVX that is claimed by Curve LP's on Bent Finance. The BENT/CVX mint ratio reduces for every 100K BENT minted. As 50% of BENT tokens were minted at launch, the opening ratio is 10 BENT per CVX.

What Makes BENT Finance Unique?

BENT Finance is unique because it offers maximum rewards to yield farmers by allowing them to earn Convex rewards minus 17%. BENT Finance is a decentralized perpetual flywheel, with 10% of the 17% slash going to the CVX stakers, 6% to the BENT stakers, and 1% to the harvester.

BENT Finance is also unique because it allows you to participate in governance. By staking BENT tokens, you can vote on the Convex Gauge and have a say in how the protocol is managed. This is a great way to have a say in the direction of the platform and ensure that it continues to deliver maximum rewards to yield farmers.

Conclusion

BENT Finance is the game changer for yield farming, offering maximum rewards to yield farmers who want to earn Convex rewards minus 17%. By staking your Curve LP or CVX into BENT instead of Convex, you can yield more and control the Curve Gauge vote in a practical manner. Additionally, staking BENT tokens allows you to receive a share of the platform fees and vote on the Convex Gauge, giving you a say in the direction of the platform. With BENT Finance, you can earn more rewards and have a say in how the platform is managed.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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