NFT lending has become a trend since the start of 2023, as the industry experiences a resurgence in key metrics. On-chain data revealed that the total monthly borrowing in January across NFT l...
Tag: BendDAO
BendDAO reaches near new all-time highs on Mutants, BAYC and Azuki loans
Ad BendDAO, the largest NFT lending platform by market cap, hit new all-time highs last month on the backs of 4,399 individual loans, many of them Azukis, Mutants and BAYC. (Source: Twitter) Twitter ...
BendDAO NFT Liquidity Protocol’s Reserve Climbs Above 90,000 ETH
BendDAO Accumulates 90,602.54 ETH in its internal reserve. BAYC, MAYC, Azuki and Cryptopunks top BendDAO’s supplies with 430, 525, 337, and 66 respective individual supplies. A total of 563 borrowers ...
BendDAO sees an immense hike with over 423 MAYC and 94 Doodles NFT
The BendDAO has witnessed an extraordinary hike in Mutant Ape Yacht Club NFTs and Doodles NFTs. The BendDAO, on its own terms, happens to be an NFT liquidity protocol. It is actively engaged in the ba...
BendDAO Community Proposes to Develop Bendearn Yield for ApeCoin Staking – crypto.news
With the decentralized peer-to-peer NFT liquidity platform, BendDAO plans to pump up more APE stakings to maximize user revenue. Accordingly, the protocol aims to reform the Yuga-based non-fungible to...
How Ethereum NFT Lending Service BendDAO Aims to Solve Its Liquidity Crisis
BendDAO, which uses NFTs as collateral to loan Ethereum to borrowers, is in hot water. The project’s DAO—a community centered around a shared initiative that uses blockchain-based tokens for col...
NFT lending platform BendDAO initiates vote to alter protocol
Ripples of the credit crisis that affected several crypto-exchanges are now being felt in the NFT space. Popular NFT-based lending platform BendDAO has now initiated a vote to approve emergency change...
BendDAO fixing NFT liquidations could lead to Bored Apes selling at a discount
The BendDAO community has voted to change its liquidation protocol for NFT auctions, in a move that could see items from popular collections like Bored Apes being sold at highly discounted prices. Ben...
Another Liquidation Crisis For BendDAO?
BendDAO recently went through a liquidation crisis during last week. People can collateralize their NFTs to borrow funds from the platform. BendDAO supports NFTs like CryptoPunks, BAYC etc. BendDAO, a...
BendDAO Proposes Emergency Changes During Liquidity Crisis
A proposal with emergency changes has passed quorum with 97.13% votes. “We are sorry that we underestimated how illiquid NFTs could be in a bear market when setting the initial parameters,” DendDAO co...
NFT lender BendDAO begins vote to change protocol amid liquidity crisis
The BendDAO community is currently voting to make short-term changes to the non-fungible token (NFT) lending platform as the project tries to navigate a brewing liquidity crisis. “We are sorry that we...
BendDAO in Trouble, Ethereum Reserves Drained
BendDAO – a lending protocol for non-fungible tokens (NFTs) – is the latest project to have been hit with an insolvency crisis. The five-month-old platform has reportedly run out of ETH over the weeke...
NFT pressure on BendDAO ramps up during weekend
Listen to this article. NFT liquidity protocol BendDAO experienced heightened withdrawal activity over the weekend after an NFT observer warned of a potential cascade of selling pressure on a large nu...
Lending Protocol BendDAO Under Pressure Over NFT Massacre
NFT News There are just 15 WETH in the contract at the time of writing. An estimated 15,000 ETH (Ethereum) remains to be paid to lenders. It has been discovered that the Wrapped Ether (wETH) contract ...
BendDAO Hit by Insolvency Crisis as Ethereum Reserves Drained
Key Takeaways BendDAO is a lending protocol for NFTs. The project is currently suffering from an insolvency crisis as ETH depositors have rushed to withdraw their funds, creating a bank run scenario t...
BendDAO running out of funds amid fears of souring debt
NFT platform BendDAO experienced a bank run between August 19 and August 21 as over 15,000 Ethereum (ETH) were withdrawn from its contract within 48 hours. gm While you were asleep the BendDAO bank ru...
BendDAO contract now has only 15 ETH left to pay lenders
Lending protocol BendDAO has run out of Wrapped Ether (wETH) in its contract. At the time of writing, the contract only has 15 WETH to pay lenders, and an estimated 15,000 Ether (ETH) left to be paid ...
Bored Apes Approaching Mass Liquidation On BendDAO, Can This Crash Entire NFT Market?
A large number of Bored Apes Yacht Club NFTs are approaching liquidation on the lending platform BendDAO, can this cascade into a crash of the entire non-fungible token market? Bored Apes NFTs At Risk...
NFT collaterals soar on BendDAO: Is the NFT market about to collapse?
A major liquidation in the NFT market is potential on the horizon. The web3 lending protocol BendDAO is attracting hordes of NFT holders to keep their non-fungible assets as collateral and take ETH lo...
Could BendDAO Collapse the NFT Market? Maybe
Key Takeaways Fears of a potential liquidation cascade in the NFT market have circulated social media today as one Crypto Twitter user pointed out a large number of Bored Ape Yacht Club NFTs used as c...