BENT Staking + good-bye proxies + multi-sig + more
Wen staking? now ser… oh and we have a dark theme
The flywheel begins
You can stake your BENT and start earning 6% of the platforms revenue paid out in the native tokens proportioned to the amount of BENT you stake in the pool. At launch these include:
- CRV
- CVX
- SPELL
- ALCX
- LDO
…oh and yes thats right, we also added a new stETH curve pool mmm ETH APR.
So many tokens… erm gas? Not to worry anon, on the claim page you can select if you want to Claim All token rewards or just select a favourite or maybe a select a few. This aims to reduce gas costs on token claiming.
Where does the 6% come from? Like our friends over at Convex Finance, we take a fee from the yields on the Curve LP stakers. When a harvest is called, 6% of the earned yield is sent to the BENT single staking contract.
The APR is streamed over a 7 day period, like our curve pools. This means the APR may take a little while to reach its full potential so keep a close eye out.
What’s a proxy and why are we saying goodbye?
We launched with a safety-first mentality and included a proxy contract on our curve pools. This was to ensure, if required, we could later upgrade the contracts without needing to migrate any TVL deposits or redeploy.
Goodbye proxy?
Yes lock it in, the contracts are no longer upgradable and this should satisfy the inner ape in you (no rug ser).
Proxy ownership has been renounced by calling the function renounceOwnership() to address 0x0000000000000000000000000000000000000000
function renounceOwnership() public virtual onlyOwner {_setOwner(address(0));}
Etherscan Link
https://etherscan.io/tx/0x426fe27847f43ddb880c553760f0a99258c5bd46b0b75abfe50e6654c60df2fand thus, the curve pool contracts are now locked in and cannot be changed 🌈 🦄.
Moving forward, all new curve pools will be deployed with no proxy attached.
Multi-sig?
Ownership of all Bent Finance related contracts have now been moved to a secure multi-sig setup.
https://etherscan.io/tx/0xdd6a29dc9fb11f500506b768cff061ae1f20c4b8e5a986de7d3c02d0a4ba6ff2https://etherscan.io/tx/0xdacb2336f0e0c648e0c602cc8a09b45f2bc72fe848ea754eba659f838ace75e3https://etherscan.io/tx/0x99fa559fd94f024f24a72958a7956f6dce4654c1fa545fe4f1046e75de017025https://etherscan.io/tx/0xe0eb02ec4bb9b0638e2ad9c903e645839008ca7fdd6c31dfd320d85a9f161b1fhttps://etherscan.io/tx/0x6c687636209c28980010d6ca8e5d224c288b0e6da3c3ddd3c489c79a80e92b33
+MORE
- Total Claimable, Total Deposits, Average APR and various fixes have been deployed on the front end, enjoy.
Love, The Bent Boys.
P.S. there is much to come shortly on our roadmap; the team is currently focused on the setup for bentcvx staking, we are planning on it following the cvxcrv method and will reveal details shortly. Oh and the Airdrop? yeah thats coming soon.
Ape info
BENT Token Contract: 0x01597e397605bf280674bf292623460b4204c375Website: https://bentfinance.com
Medium: https://bentfi.medium.com
Twitter: https://twitter.com/BENT_Finance
Telegram: https://t.me/BentFi
Discord: https://discord.gg/vyhE8RQTeu
Github: https://github.com/bent-protocol
Tokenomics: https://docs.bentfinance.com/general-information/tokenomics
Docs: https://docs.bentfinance.com/
If you are a fresh farmer, visit https://docs.bentfinance.com/ to get a good overview of the fields and how to use the machinery.
