Bend is a decentralized NFT liquidity protocol allowing users to deposit ETH or borrow ETH using NFTs as collateral by bundling them into boundNFTs.
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Bend is a decentralized platform that facilitates NFT lending and borrowing. Users deposit ETH into liquidity pools to earn interest, while NFT holders can borrow ETH instantly by using their NFTs as collateral. The protocol converts NFTs into 'boundNFTs', which represent pooled NFT assets for loan purposes. Borrowers bundle their NFTs into a single boundNFT token to use as collateral.
As of now, BendDAO is trading at 0.001416 USD, with a 24-hour trading volume of approximately 24.24K USD. The BDIN to USD price is updated in real time. Over the past 24 hours, BendDAO has increased by 11.32%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 99.11K USD. Currently, there are 70 000 000 BDIN in circulation out of a maximum supply of 100 000 000 BDIN.
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