Credit/Macro/Crypto Analyst, Former Credit/MA PM

Rose Choy

Crypto

<ul>
<li>NFT-Backed lending solves the problem of low liquidity and create new revenue streams for illiquid NFT assets and provide capital access. </li>
<li>BendDAO is a peer-to-protocol NFT lending platform that uses a collateral pooling concept like other asset backed securities. It is not backed by cashflows, but rather a different utility.</li>
<li>This is a proof of concept for trading and financing assets that are non-fungible and unique using smart contracts and potentially can apply to other assets.</li>
</ul>


NFT-Backed lending solves the problem of low liquidity and create new revenue streams for illiquid NFT assets and provide capital access. 
BendDAO is a peer-to-protocol NFT lending platform that uses a collateral pooling concept like other asset backed securities. It is not backed by cashflows, but rather a different utility.
This is a proof of concept for trading and financing assets that are non-fungible and unique using smart contracts and potentially can apply to other assets.


NFT-Backed Lending- A Proof of Concept in the Works

<ul>
<li>BendDAO has been negatively impacted by the NFT bear market that led to a bank run due to the lack of liquidity in the collateral liquidations.</li>
<li>We look at how the auction mechanism has been stalled and how this bank run occurred. The DAO has since proposed a new governance mechanism aimed at improving the liquidity.</li>
<li>The proposal is likely to pass, and we could see potentially a slew of liquidations on the platform that could be good opportunities to pick up NFTs below floor price.</li>
</ul>


BendDAO has been negatively impacted by the NFT bear market that led to a bank run due to the lack of liquidity in the collateral liquidations.
We look at how the auction mechanism has been stalled and how this bank run occurred. The DAO has since proposed a new governance mechanism aimed at improving the liquidity.
The proposal is likely to pass, and we could see potentially a slew of liquidations on the platform that could be good opportunities to pick up NFTs below floor price.


NFT Bear Market and Impact on NFT Lending on BendDAO

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Bend DAO (BEND CURNCY)

NFT-Backed Lending- A Proof of Concept in the Works

NFT-lending is an emerging sector in crypto. We look at BendDAO, a peer-to-protocol platform and examine how it works. It is just the tip of the...

Rose Choy

NFT Bear Market and Impact on NFT Lending on BendDAO

BendDAO has experienced a bank run recently and the DAO has created a proposal to improve liquidity. However we could see a slew of NFT...

Rose Choy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)