Introduction

Bento Labs aims to provide web3 users with seamless access to low-risk, stable and diversified all-weather yields on-chain through a simple "set and forget" approach by developing liquid, non-custodial DeFi-native savings products. Hence, Bento Labs is developing a suite of permissionless and composable DeFi products, designed to deliver superior risk-adjusted yields on mainstream digital assets including USD stablecoins, ETH, and BTC across multiple chains for individuals, DAOs and institutions. bentoX assets, Bento’s flagship product, simplify yield generation, much like a well-crafted bento box, by aggregating and optimising yields from multiple assets and diverse strategies into one token (bentoUSD, bentoETH, bentoBTC).

bentoUSD

bentoUSD is a multi-collateral yield-generating synthetic stablecoin, pegged 1:1 to USD and fully backed by a basket of blue-chip stablecoins with diverse stability mechanisms including fiat-backed stablecoins (USDC, USDT), CDP stablecoins (DAI), delta-neutral synthetic stablecoins (USDe) and RWA-backed stablecoins (USDM). It provides a liquid, non-custodial savings product for USD stablecoins, with aggregated and optimised yields sourced from DeFi, CeFi, and TradFi ecosystems.

bentoETH

A yield-generating ETH derivative, maintaining a 1:1 peg to ETH. It is fully backed by a diversified portfolio of ETH derivatives, ETH LSTs and LRTs, providing superior risk-adjusted yields on ETH using sophisticated DeFi strategies on blue-chip protocols.

bentoBTC

A yield-generating BTC derivative, pegged 1:1 to BTC and fully backed by a diversified set of BTC derivatives and BTC LSTs. It delivers stable and diverse auto-compounded yields on BTC by leveraging advanced strategies across the DeFi ecosystem.

Bento is also introducing the Bento Savings Rate (BSR), a true representation of stablecoin, ETH and BTC yields in DeFi, offering aggregated and optimized yield from a diverse range of underlying collateral assets and DeFi protocols. Bento pioneers truly decentralized asset management by distributing both $value and ownership to users. It allows users to choose either guaranteed native yield through Bento Savings Rate or speculative yield through BENTO governance token emissions.