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Bent Migration

Bent Finance has undergone a major upgrade, including a rebrand, improved protocol mechanics, and a community-driven migration to a more adaptable and rewarding system with a focus on boosting and rewards. This documentation outlines everything you need to know about the transition.

Whats new

  • A fresh identity centered around β€œtilting” rewards β€” boosting mechanisms based on lock duration and engagement. TILT reflects a renewed direction, with simplicity and transparency at the core.

  • Improved staking logic: Includes boost mechanics based on lock duration and time.

  • Improved automation of reward distribution: Smoother user experience, fewer manual interactions.

  • Tilt can be locked to obtain Tilt weight, which can influence your boost multipliers.

  • The new site is located at tilt.do

Tilt replaces the old BENT and bentCVX ecosystems, offering a 1:1 burn-to-claim migration. Users can complete this migration through the official Tilt dApp or by interacting directly with the smart contracts.

Migration Details

The TILT contracts are live on the ETH mainnet after successful testing on private forks. This Conversion Period serves as a public beta to ensure a smooth rollout and to identify edge cases.

This project is in beta. Use at your own risk.

Legacy Token
New Token
Ratio

BENT

TILT

1:1

bentCVX

tCVX

1:1

  • Duration: Open ended*

  • Mechanism: Burn BENT to claim TILT at a 1:1 Ratio.

  • Mechanism: Burn bentCVX to claim tCVX at a 1:1 Ratio.

  • Security: Legacy tokens are permanently sent to a burn address. New tokens are securely stored in a migration contract, released only post successful conversion.

*Subject to change based upon feedback received.

There will be a Conversion Period, during which bugs can be reported but also:

  • bentCVX staking rewards will be gradually phased out.

  • Rewards will shift progressively to the TILT/tCVX system.

Conversion Period Timeline for bentCVX Stakers

πŸ› οΈ How to Migrate

  1. Visit tilt.do

  2. Connect your EVM-compatible wallet

  3. Approve the BENT or bentCVX token for the migration contract

  4. Click β€œMigrate”

  5. Receive TILT or tCVX directly in your wallet

πŸ”’ Migration Opening (at beta Launch)

Once the migration has begun:

  • Curve LPs and legacy pools will be deprecated where available

  • Ownership of the legacy contracts may be renounced where available

  • Small amount of rewards funded by Treasury or other sources will stream to beta-testers in the new TILT staking pools during the period of no rewards from bent contracts.

This ensures that:

  • No more BENT can be minted

  • The new system is transparent and final

The current bentCVX contract prevents functions such as deposit/mint from being disabled. Users who deposit after migration begins do so at their own risk but may have the option to further migrate bentCVX to tCVX.

Existing Treasury Multisig

0xaBb8B277F49de499b902A1E09A2aCA727595b544

  • Assets will be transferred to a new TILT treasury multisig

  • Ownership of core smart contracts transferred to the TILT treasury when appropriate or available

  • A significant portion of BENT tokens in the Treasury will be permanently burned to align with a new 30M TILT supply. Currently, the BENT Treasury holds over ~50% of the total minted supply. After migration, the Treasury will retain less than 20% of the supply, approximately ~5.7M tokens (down from the current ~26M tokens). This is subject to final burn numbers and you can read more here - TILT Tokenomics

Existing Protocol held Operational Multisigs

Protocol Operations: 0x646dd8d94e1E46d24f649d343655f34A4d63d886

  • The protocol will send the bentCVX held to a burn address without converting it to tCVX, thereby decreasing the circulating supply.

  • All remaining assets will be converted into crvUSD or a similar currency and then transferred to the TILT ecosystem rewards queue contracts.

CVX Locker: 0xe001452BeC9e7AC34CA4ecaC56e7e95eD9C9aa3b

  • The locked CVX will be systematically relocked under the new TILT ecosystem contracts as they become available for unlocking.

  • Accumulated rewards will be gradually transferred to new smart contracts within the TILT ecosystem with notice to all stakers as per the 4 week timeline stated above.

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