Protocol Mechanism

beUSD is designed to maintain a stable peg to USD, ensuring principal safety while delivering enhanced risk-adjusted yields in an easy, secure and capital-efficient manner.

• Users can instantly mint/redeem beUSD tokens with/for eligible assets on Bento Protocol or acquire through DEXs. beUSD and beUSD+ are fully composable within the DeFi ecosystem and can be further used across integrated protocols.

• Users can stake beUSD tokens in Bento Savings module to receive beUSD+ tokens, earning the Bento Savings Rate (BSR), which is an optimized and aggregated yield derived from a diverse pool of underlying collateral assets and DeFi protocols.

• Users can lock beUSD tokens in Bento Rewards module to receive non-transferable beUSD++ tokens, giving them the flexibility to choose between guaranteed yield in the form of additional beUSD tokens via BSR or speculative yield in the form of $BENTO tokens and other rewards via Bento Rewards Rate.

• Strategy Manager is responsible for reserve rebalancing by adjusting the target allocation of beUSD collateral assets and optimizing their allocation across various yield-generating strategies. During the launch phase, rebalancing will follow rule-based strategies, with potential development of AI-agents for advanced yield optimization. Over time, Bento will adopt a modular approach, allowing whitelisted institutional managers to participate in reserve allocation and implement tailored yield optimization strategies.

• The protocol operates under a DAO-based governance model, where both beUSD and $BENTO token holders actively participate in managing the underlying collateral assets and protocols through transparent on-chain voting. Bento DAO governs reserve reconstitution, including the selection of new collateral assets for beUSD reserves and the whitelisting of protocols for yield generation, ensuring a decentralized and adaptive approach to asset management.