Earn

Earn lossless profits and initial liquidity borrowing

Lend

Provide ETH deposits and establish initial liquidity with the tokens released in the Deploy section. Depositors will receive 1:1 bmETH certificates. bmETH can redeem ETH at any time and participate in dividends through Stake.

These deposits are lossless, and bmETH can always maintain a health coefficient greater than 1. This is because 98% of the borrowed tokens constitute the initial liquidity of 98% of the borrowed amount, and the other 2% of the tokens are obtained by the deployer. At the same time, 2% ETH is directly used to redeem bmETH, and the AMM DEX mechanism will ensure an additional 2% health factor between bmETH and ETH.

Lenders earn revenue through transaction taxes on all tokens released by Deploy, starting at 0:00 UTC, and the total transaction taxes over the past 24 hours are used for distribution over the next 24 hours.

Liquidation

Liquidation level: (bmETH net minting amount - amount being lent) / bmETH net minting amount

When the liquidation level falls below 20%, Benchmark Earn will initiate a liquidation process to release occupied funds by removing the liquidity of inactive tokens.

• Among all tokens issued using Deploy, those with low trading volume will be liquidated first.

• Prior to execution, tokens to be liquidated will be individually identified by the website .

• Once the liquidation is executed, all liquidity of its tokens will be released according to the order of the list, the ETH obtained from the release will be used to redeem bmETH, and the tokens obtained will be 100% destroyed.

You will be able to check the liquidation waiting list on the Deploy page

The liquidation process will continue until the liquidation level returns to 30% or above.