Verified OGs:
9
CryptoFam:
264
Projects:
26551
BTC:
$108,705
0.11%
ETH:
$4,434.48
1.54%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap:
$3.86T
Fear&Greed:
48

BendDAO BEND Logo
BendDAO BEND
$0.00035 7.09%
OG Score 0
Reviews 0
BendDAO BEND Logo

BendDAO BEND Price

$0.00035 7.09%
Low All Time High
$0.00011058 $0.127754

Introduction

BendDAO revolutionizes DeFi with instant NFT-backed loans, flexible collateralization, and a $BEND governance token for active community participation. More

OG Score 0
Reviews 0
Market Cap $1.08M
Market Cap Rank # 4029

Token Stats

Fully Diluted Valuation $3.51M
24H Trading Volume $2,310
24H Low / High $0.00 / $ 0.00
Circulating Supply 3.08 B
Total Supply 10.00 B
Max Supply 10.00 B

Info

Categories Decentralized Finance (DeFi) 6 more
Founder Anonymous
Website docs.benddao.xyz
Socials 2 more
Chains Ethereum Ecosystem
Explorer Arkhamintelligence 2 more
Contracts BendDAO 0x0d0....56218

BEND/USD Price Chart

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$BEND Community Sentiment

OG Evaluation

OG Score

OG Score Rank #NA
Reviews 0
Gem Score N/A

OGAudit Coin Evaluation Metrics

Innovation 0 .00
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 0 .00
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 0 .00
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 0 .00
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 0 .00
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 0 .00
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

BendDAO $bend User Reviews

What Crypto OGs are Saying About BendDAO

$bend Markets

Name Pair OG Score

About BendDAO $bend

What is BendDAO (BEND)?

In the rapidly evolving landscape of decentralized finance (DeFi), BendDAO emerges as a trailblazing protocol, introducing a paradigm shift in NFT liquidity and lending. At its core, BendDAO is a decentralized peer-to-pool NFT liquidity protocol that facilitates seamless borrowing and lending experiences for users. NFT holders can leverage their assets by instantly borrowing ETH from the lending pool, using their NFTs as collateral. This innovative approach not only empowers borrowers with instant liquidity but also allows depositors to earn passive income by providing ETH liquidity to the lending pool.

The uniqueness of BendDAO lies in its ability to transform NFT assets into ERC721 boundNFTs, creating a novel way to collateralize NFT loans. Borrowers bundle their NFTs into a single unit of collateral, known as boundNFT, through the Bend Protocol. This collateralization method ensures a flexible collateral ratio, allowing borrowers to initiate instant NFT loan contracts, repay ETH at any time to maintain the collateral ratio, and retrieve their NFTs upon repayment. Furthermore, BendDAO introduces groundbreaking features like Collateral Listing and NFT Down Payment, forming a comprehensive closed loop for users. Sellers can choose to receive up to 40% of the floor value of their NFT listing instantly, funded by the BendDAO lending pool. This not only enhances liquidity for blue-chip NFT holders but also facilitates a smooth process for NFT down payments, borrowing, and listing within a single protocol.

The governance of BendDAO is facilitated through its native token, $BEND. Token holders can stake $BEND to acquire vote-escrowed $veBEND, unlocking the power of both voting and earning within the BendDAO ecosystem. This innovative governance mechanism aligns the interests of the community with the evolution of the protocol, ensuring a decentralized and sustainable future. In essence, BendDAO stands as a pioneering force in the DeFi space, offering a one-stop NFT liquidity solution that caters to the needs of both depositors seeking passive income and borrowers in pursuit of instant NFT-backed loans.

What is unique about BendDAO (BEND)?

BendDAO stands out for pioneering instant NFT-backed loans, flexible collateralization through boundNFTs, and $BEND governance token for active participation.

Who are the founders of BendDAO (BEND)?

BendDAO takes a unique approach to anonymity. They operate under pseudonyms and haven't publicly revealed the identities of their core team members.

Who are the backers/investors of BendDAO (BEND)?

BendDAO has garnered support from backers and investors such as Paradigm, a16z, Bain Capital Ventures, Pantera Capital and others.

Where can I buy BendDAO (BEND)?

You can buy BendDAO (BEND) on Uniswap V2 (Ethereum) cryptocurrency exchanges.

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