Bend is Berachain's non-custodial lending protocol, designed to integrate the $HONEY utility into the Berachain ecosystem.
Borrowers can use blue-chip assets as collateral to obtain $HONEY, while $HONEY holders can deposit their tokens to earn interest from borrowers. Bend's design is inspired by Aave, a well-established and efficient lending protocol.
Methodology:
BEND operates with three main tokens: $HONEY, $WBTC, and $WETH. All tokens can be supplied and withdrawn, but $HONEY is the only token that can be borrowed and repaid.
In this dashboard, I have analyzed all possible actions on BEND, including $HONEY supply, withdrawal, borrowing, and repayment, as well as $WETH and $WBTC supply and withdrawal.
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This dashboard is made by Mrfti using FlipsideCrypto database.
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