weBENT is a new and improved bent single staking product.
weBENT earns APR via:
- Votium Incentive income (Extras) derived from the locked CVX and bi-weekly snapshot votes which are directed to weBENT lockers and streamed over 2 weeks.
- Platform earnings are converted into BENT via on market buybacks and deposited into the weBENT pool. This increases your claimable BENT tokens in the pool automatically over time by changing the weBENT to BENT ratio.
- bentCVX rewards are also streamed to the pool.
weBENT is entitled to the governance rights for the vlCVX (via bentCVX) on the bent platform with currently sits at around 368K CVX tokens. https://snapshot.org/#/bentfinance.eth.
Track the balance here: https://daocvx.com/bent-finance/
weBENT is locked for 8 weeks at initial deposit, after which your balance moves to an unlocked state. These locks are grouped weekly.
Once unlocked, you do not need to re-lock. Just sit happy knowing you remain liquid and continue earning APR and controlling vlCVX via the snapshots 🌈 🦄.
Note: if you are currently staked in BENT single staking, the APR will cease within 7 days. Please withdraw and re-stake in weBENT.