Cryptos: 9 180
Exchanges: 4
Market capitalization: $3.57T
About BendDAO
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.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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