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Bend DAO

Use your NFTs as collateral to borrow ETH or deposit your ETH and earn yields instantly!
Category
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Finance
Blockchain
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Ethereum
Currency
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BEND
Publisher
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BendDAO Team
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What is Bend DAO?
BendDAO is the first NFT liquidity protocol supporting instant NFT-backed loans, Collateral Listing, and NFT Down Payment. The seamless experience of down payment, borrowing, and listing creates a perfect closed loop for users, a one-stop NFT liquidity solution.BendDAO is the first decentralized peer-to-pool based NFT liquidity protocol. NFT holders are able to borrow ETH through the lending pool using NFTs as collateral instantly, while depositors provide ETH liquidity to earn interest. The leveraged NFT trading is built on instant NFT-backed loans.
Information
Type
Automated Market Maker
Blockchain
Ethereum
Currency
BEND
Platform
Windows, macOS
Publisher
BendDAO Team
FAQ
Anyone can participate in community governance, and proposals need to follow the governance process
Only assets that meet the blue-chip NFT criteria can be listed
BendDAO team has spent all the necessary resources in order to ensure that the protocol matches the highest security standards.
The second audit report by Verilog. https://www.verilog.solutions/audits/BendDAO
Before BendDAO Mainnet launch, Certik issued an audit report for BendDAO. https://www.certik.com/projects/bend-dao
Up to $1m BendDAO Bug Bounty https://immunefi.com/bounty/benddao/
All boundNFT Protocol Contracts with 7 days timelocks.
All BendDAO Lending Protocol Contracts with 7 days timelocks.
Timelocks are used to add a delay of key operations such as contracts upgrading and token transferring, enabling users to know the operations and take action before the protocol operations really take effect. This time delay gives users a chance to exit protocol if the team becomes malicious or compromised.
All boundNFT Protocol Contracts - 7 days timelocks
All BendDAO Lending Protocol Contracts - 7 days timelocks
Users can set up alerts using Etherscan. Emails will be sent once any contract change is confirmed on a contract address including funds transactions and protocol upgrades. Here is the guide on how to set up email notifications. https://info.etherscan.com/watch-list/
All boundNFT Protocol Contracts - 7 days timelocks: https://curve.fi/#/ethereum/pools/frax/withdraw/https://etherscan.io/address/0x4e4C314E2391A58775be6a15d7A05419ba7D2B6e
All BendDAO Lending Protocol Contracts - 7 days timelocks:
https://curve.fi/#/ethereum/pools/frax/withdraw/https://etherscan.io/address/0x4e4C314E2391A58775be6a15d7A05419ba7D2B6e
The reason why we use an upgradeable proxy for the BendDAO contracts is to make sure the funds are safe. The team can improve the functionality with the upgradeable proxy if some bugs are found.
To avoid trust issues, all contracts have timelocks. Timelocks are a smart contract feature that states that upgrades will only be performed after a certain period of time rather than immediately. All users have a window of time to take action before upgrades really take effect.
All boundNFT Protocol Contracts - 7 days timelock
All BendDAO Lending Protocol Contracts - 7 days timelock
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