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Bend-incentive

Incentive Architecture

Bend will motivate both behaviors

  1. Depositors provide liquidity to bend protocal
  2. The borrower borrows in the bend agreement

BendProtocolIncentivesController

Every time a deposit or loan occurs in the bend protocol, this contract is called to update the incentive state, and a user's reward is calculated by using a distribution index, which is updated over time and represents the accumulation of rewards. Each user has an independent index to determine the reward amount for a specific user