BendDAO

BenDAO is a dynamic peer-to-pool lending platform that allows users to lend cryptocurrencies in exchange for ETH, empowering them to maximize their digital assets.

BendDAO is an innovative NFT lending service that enables users to secure loans against their NFTs, offering up to 43% of their collateral value. In response to a recent liquidation crisis, the platform has voted to lower the liquidation threshold, facilitating smoother transactions on exchanges and encouraging lenders to remain engaged with enhanced interest rates. The protocol features instant NFT-backed loans, Collateral Listing, and NFT Down Payment options. Additionally, borrowers benefit from a 24-hour liquidation protection period, allowing them a grace window to repay their loans and safeguard their assets.