Key Takeaways “NFTfi” protocol BendDAO suffered a brief but serious liquidity crisis over the weekend. BendDAO allows users to partially borrow against the value of blue chip NFT collectio...
Tag: BendDAOs
NFT Lender BendDAO’s Liquidity Takes A Test As ETH Reserves Fall
If you’re borrowing against your Bored Apes, you may want to keep your eyes peeled. Liquidity on major NFT lending platform BendDAO has been under a major stress test over the past 24 hours, as ETH le...
BendDAO’s NFT-Collateralized Crypto Loan Platform Suffers a Bank Run, Prompting a Move to Avoid Another Liquidity Crisis
BendDAO – from a distance – looks like an old-school bank: Some customers deposit money into the decentralized finance (DeFi) platform, which loans the money out, giving depositors a cut of the intere...