BendDAO

Over 1,000 BAYC NFTs Are Pledged As Collateral On Lending Protocols

NFT Lending Protocol Relaxes Bidding Requirements

Four Bored Apes And Fourteen Mutant Apes Are At Risk

Bend is a decentralized non-custodial NFT-backed borrowing and lending protocol where users can participate as depositors or borrowers. Depositors provide ETH liquidity to the lending pool to earn a passive income, while borrowers are able to borrow ETH through lending pool using NFTs as collateral instantly.