BennyFi Platform Documentation
BennyFi™ Platform Documentation V1
BennyFi™ Platform Documentation V1
  • 👋BennyFi™ Documentation
  • Overview
    • Concepts
      • Introduction
      • User Roles
        • Participants
        • Beneficiaries
        • Pool Managers
          • Pool Manager Compensation
      • Terms
      • Pools
        • Yield Funded Pools
        • Manager Funded Pools
      • Distributions
        • Proportional Distributions
        • Random Distributions
        • Fees
      • Token Roles
        • Entry Tokens
        • Staking Tokens
        • Reward Tokens
      • Pool Applications
    • Use Case
    • Components
    • Pool Creation Workflow
    • Governance
      • BENY Token Model
        • Getting BENY tokens
      • System Settings
    • ❓FAQ
  • Use Cases
    • 🎨For Beneficiaries
    • 🖥️For Participants
    • 🖥️For Pool Managers
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  1. Overview
  2. Concepts
  3. User Roles

Beneficiaries

The Beneficiary is the recipient of staking rewards as per the pool distribution configuration. Becoming a Beneficiary requires conviction, sincerity, honesty, integrity, perseverance, agreement to the Beneficiary’s Terms of Service, AND… staking the appropriate amount of BENY. Beneficiaries must complete a pool application. These applications are reviewed by Pool Managers, who then propose pool terms. The Beneficiary then selects the terms that best meet their needs, and the pool is created.

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Last updated 1 year ago