Bent Finance

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL:BENT allows users to stake their curve LP tokens. For each supported curve pool LP token: Find the total supply of the LP token, Find the balance of LP staked in bent, Find the curve pool whose liquidity it represents, Enumerate the addresses of each token that makes up the pool, Get the balance of each token from 4, Use 1 & 2 to work out the LP share staked in bent, Multiply the token balances from 5 by the bent share to get the bent balances. Pool2 and staking: Pool2 and staking are fairly standard. Pool2 calculates fraction of LP staked as a share of the sushi LP and multiplies by the sushi LP coin balances. Staking simply takes the balance of the staking contract for BENT.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Bent Finance's governance or utility token carries a market capitalisation of 145,1 mil US$ based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (145,1 mil US$) above the protocol's on-chain TVL (19,1 mil US$) — a mcap/TVL multiple of 7.59× implies investors are paying for expected future fee flows rather than current deposits alone. A further 87,1 mil US$ sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Eventos importantes señalados por la comunidad de DeFiLlama — lanzamientos del protocolo, exploits, cambios de gobernanza y programas de incentivos.

1. Jan 19, 2022
   Listado en DeFiLlama

Bent Finance operates in the Yield category of DeFi. It is deployed on Ethereum. The codebase has been independently audited (1 report on file).

Bent Finance is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Roughly 91% of its on-chain value sits on just three networks (Ethereum-staking, staking, Ethereum), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (145,1 mil US$) currently exceeds total value locked (19,1 mil US$) — a mcap/TVL ratio of 7.59 suggests the market is pricing in more growth than current deposits support.

Verified external resources for Bent Finance — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Bent Finance is one of 7 Yield protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Pendle, Spark Savings, Convex Finance, and 3 more. These peer protocols collectively secure 5191,2 M US$ in deposits, giving you a frame of reference for whether Bent Finance's own TVL is at the top, middle, or tail of the category.

Pendle

TVL 2269,9 M US$ · 24h +0.37%

Spark Savings

TVL 1419,4 M US$ · 24h +0.35%

Convex Finance

TVL 722,7 M US$ · 24h +0.66%

Multipli.fi

TVL 342,7 M US$ · 24h -0.01%

Strata Markets

TVL 259,5 M US$ · 24h +0.70%

infiniFi

TVL 177 M US$ · 24h +1.74%