Berachain Bend 🐻⛓️
Bend is Berachain's non-custodial lending protocol. Lenders participate by depositing stablecoins to earn a passive income. Meanwhile, borrowers can deposit crypto collateral (e.g. wBTC) to access these stablecoins whilst maintaining exposure to their collateral assets.
Berachain's native stablecoin $HONEY, serves as the primary and exclusive token available for borrowing.
In addition, Bend is an implementation of Proof-of-Liquidity Gauges which rewards borrowers with $BGT.
To learn more, check out the Berachain Bend Docs.