# Earn

## 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.

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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.
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## Liquidation

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

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You will be able to check the **liquidation waiting list** on the Deploy page
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**The liquidation process will continue until the liquidation level returns to 30% or above.**

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