what's bend?
Bend is the native lending protocol on the Berachain blockchain, designed to facilitate borrowing and lending of assets within the ecosystem. It serves as a core decentralized application (dApp) that supports the Proof of Liquidity (PoL) consensus mechanism by enabling users to provide liquidity to pools and earn rewards aligned with network security and activity. Built on Berachain's EVM-compatible Layer 1, Bend allows users to deposit collateral, borrow against it, and participate in dynamic interest rate models that adjust based on utilization. This integration helps bootstrap liquidity from day one, encouraging deeper engagement with Berachain's DeFi primitives. As part of Berachain's foundational apps, Bend works alongside other native protocols like BEX (decentralized exchange) and BERPS (perpetuals), contributing to a self-sustaining ecosystem where liquidity provision directly supports chain growth and stability.
Bend is rolling out its first revenue-positive PoL pilot and integrating its first acquisition.
Wrapping up first acquisition and preparing to integrate the acquired team and product.
Preparing to roll out the first revenue positive Protocol-owned Liquidity (PoL) pilot program.
A BEND vault offers 76% APR for HONEY deposits.
HONEY backed by USDe, and BERA DAT announced within the Berachain ecosystem.
iBERA is now available as collateral on the platform, allowing users to borrow HONEY against iBERA while continuing to earn iBERA yield.
Launches native lending market on Berachain, enabling borrowing HONEY against collateral and supplying assets for yield, with better yield-bearing collateral integration.
Week 6 burn completes with another 50M tokens removed from treasury, bringing the cumulative total to 300M tokens permanently burned from circulation.
Week 5 of the burn program completes with another 50M $BEND tokens burned from treasury.
Week 3 of the token burn program completes with 50M $BEND tokens burned.
Lender rewards program officially launches, enabling deposits for $BEND earnings.
Treasury doubles to $1.9M with new 50% burn announced
Treasury completes 50% token burn, now holds $916K with total market cap at $1.3M
DAO proposes 50% treasury token burn over 5 months, new buyback program, and reintroduction of lender rewards.
286 NFTs are currently staked for $APE yields, establishing leading position on ApeChain.