> ## Documentation Index
> Fetch the complete documentation index at: https://docs.berachain.com/llms.txt
> Use this file to discover all available pages before exploring further.
# Rewards for Lenders
> Vault APY, native lending yield, and BGT yield from staking vault shares in PoL reward vaults.
Bend offers additional yield on Berachain's native stablecoin \[$HONEY](/general/tokens/honey). Each [Vault](/bend/learn/vault) is managed by [Curators](/bend/learn/curator), who choose which [Markets](/bend/learn/market) supply $HONEY as a loan for specific collateral ($WETH, $WBERA, \$WBTC, etc.).
## Vault APY yields
A vault may offer one or both of:
1. **[Native APY](#native-apy)** — Yield from lending \$HONEY in the vault's markets.
2. \*\*\[$BGT Yield](#bgt-yield)** — Yield from staking vault shares in an eligible [Proof-of-Liquidity Reward Vault](/general/proof-of-liquidity/reward-vaults) in the form of $BGT.
See the [Deposit & Withdraw Guide](/bend/guides/deposit-withdraw) to deposit.
### Native APY
Native APY comes from lending $HONEY to the collateral types the vault's Curator has enabled. APY depends on borrow rates and utilization—how much of the supplied $HONEY is borrowed.
Each vault shows its allocation and supply yield.
### \$BGT Yield
$BGT yield comes from [validators directing $BGT emission / block rewards]\(/general/proof-of-liquidity/block-rewards) to a Bend vault's whitelisted Reward Vault. When you supply $HONEY to a vault, you receive receipt tokens (shares). Stake those receipt tokens in a whitelisted Reward Vault to become eligible for $BGT yield.
You must stake the receipt tokens and claim $BGT to receive $BGT yield.
