How to BENT

The basics

Like CVX, BENT has been developed by an “anon team” and is more or less to CVX what CVX is to CRV, this is how it works:

• Anon will deposit stables to Curve but not “stake in gauge”

• Instead of staking these Curve LP tokens in Convex, they stake them in BENT which yields out all of the Convex rewards they would have received by directly staking on Convex minus 17% (more on this below) plus this yields a healthy amount of BENT, which will make up for and more than the 17% slash. Keep in mind this system is emulated from convex which itself takes a 17% clip from crv deposits.

• Anon can also stake in the DAI/BENT pool on Sushi Swap 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.

Fun right? The end result here is by staking your Curve LP or CVX into BENT instead of Convex you will yield more and this allows BENT stakers to effectively get a piece to control the Curve Gauge vote in a practical manner.

Details

For the 17% slash on Convex rewards, it is pretty simple, 10% goes to the CVX stakers (got to keep them fat and happy) 6% to the BENT stakers and 1% to the harvester. So the entire system is a decentralized perpetual flywheel.

We start with 5 pools:

mimCrv: https://curve.fi/mim/deposit

alusdCrv: https://curve.fi/alusd/deposit

3CrvCrypto2: https://curve.fi/tricrypto2/deposit

fraxCrv: https://curve.fi/frax/deposit

cvxcrvCrv: https://curve.fi/factory/22/deposit

What can you do right now?

Curve LP Staking: LIVE

DAI/BENT LP Farming: LIVE

BENT Staking: Coming Soon

CVX Staking: Coming Soon

BENT Staked Voting: Coming Soon