Yield & Fees

Understanding how vault yield is generated and how fees are applied helps you build accurate earn products and set clear user expectations.

Yield generation

Bend vaults earn yield by supplying capital to lending markets on Berachain.

Borrower interest: Borrowers in underlying markets pay interest.
Market distribution: Interest is distributed to lenders in each market by supplied share.
Vault collection: Vaults collect interest as lenders across multiple markets.
Share price increase: Total vault assets grow, so share price rises.
Depositor interest: You earn the interest paid by borrowers as your share value increases.

Bend vaults charge performance fees and platform fees. Both are taken as a share of the native lending yield.

Yield from Proof-of-Liquidity $BGT is not subject to any fee.

Charged at the market level and retained by the Berachain Foundation.

Charged at the vault level and split between the foundation (0%)* and the curator (100%)*.

*Values are subject to change.