Mint

Users can deposit the eligible assets on any of the chains supported by Bento Protocol to instantly mint beUSD directly on any chain seamlessly. Once minted, beUSD tokens can be bridged across chains without friction.

beUSD tokens offer flexible minting options:

1. Direct Mint: beUSD tokens can be minted directly using any eligible collateral asset, provided that the price deviation of the asset from its target value (e.g., $1 for stablecoins) remains within a reasonable range. If an asset becomes de-pegged, minting with that asset is temporarily disabled. The protocol uses a zapper function to automatically convert deposited assets into the required basket of underlying collateral assets via DEXs or DEX aggregators, which are then deployed into yield-generating strategies.

2. Secondary Market: Alternatively, beUSD tokens can be acquired through secondary markets on DEXs using any asset, providing flexibility for users who prefer to trade on the open market.