BEND is the governance token of the Benchmark Protocol, giving holders voting rights to determine the frequency of releases, voting rights to govern rebase stretch periods, and voting rights to regulate additional parameters of the rebase functionality.
Benchmark Protocol is the first rebase protocol built on the Chainlink Keeper network. Keeper helps in automating smart contract executions with Chainlink's hyper-reliable network of keepers.
The BEND token may also grant users future rights to cash flows, rights to protocol changes or future token distribution.
Additionally, if other products are produced by the Benchmark ecosystem, potential governance integration of the BEND token may be integrated to incorporate additional voting rights for BEND token holders.