Bento
  • 🍱Welcome to Bento
    • Introduction
    • Background
    • Value Proposition
  • Protocol Mechanism
    • bentoX Assets
    • Minting & Redemption
      • Minting
      • Redemption
    • Earn: Staking & Locking
      • Staking
      • Locking
    • Multi-Token Model
    • Yield Generation
    • Portfolio Allocation
    • Omni-Chain Setup
    • Governance
  • Products
    • bentoUSD
    • bentoETH
    • bentoBTC
  • Resources
    • Technical Addendum
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Protocol Mechanism

PreviousValue PropositionNextbentoX Assets

Last updated 13 days ago

  • Users can instantly mint or redeem bentoX tokens with eligible assets through Bento Protocol or acquire them via DEXs. bentoX tokens are fully composable within the DeFi ecosystem and can be further utilized for yield generation.

  • Users can stake bentoX tokens to receive bentoX+ tokens, earning the X-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 bentoX tokens to receive non-transferable bentoX++ tokens, giving them the flexibility to choose between guaranteed yield in the form of additional bentoX tokens or speculative yield in the form of $BENTO tokens.

  • Bento Strategist is responsible for reserve rebalancing by adjusting the target allocation of bentoX collateral assets and optimizing their allocation across various yield-generating strategies. Institutional managers can act as strategists, curating multi-asset synthetic tokens. During the launch phase, rebalancing will follow rule-based strategies, with potential development of AI-agents for advanced yield optimization.

  • Bento DAO governs reserve reconstitution, including the selection of new collateral assets for bentoX reserves and the whitelisting of protocols for yield generation, ensuring a decentralized and adaptive approach to asset management.