BendDAO
FreeNFT Lending Dapps
BendDAO provides NFT-backed lending allowing users to borrow ETH by putting NFTs up as collateral.
Ethereum EthereumNFT Lending Dapps
BendDAO provides NFT-backed lending allowing users to borrow ETH by putting NFTs up as collateral.
EthereumBendDAO is an NFT lending service that enables instant NFT-backed loans and supports Collateral Listing and NFT Down Payment.
Historically, BendDAO allowed loans of up to 40% of the collateral value.
A liquidation crisis triggered a vote to lower the liquidation threshold and make liquidations easier, encouraging lenders to stay in the ecosystem with higher interest rates.
Borrowers also have a 24-hour liquidation protection period to repay the loan, during which liquidation actions are paused.
Not on the verified trust list
Score
75/100
NFT-backed lending nearly ran dry as ETH reserves drained. What the protocol changed in its parameters once reserves stabilised at 20K ETH.
No private sale and full distribution transparency, with 10% of supply going to the initial offering. The terms set out in plain numbers.
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