What is BendDAO?
BendDAO is an NFT lending service that originally allowed users to take loans of up to 40% of their collateral. A recent liquidation crisis has led to a vote to lower the liquidation threshold and make it easier for exchanges to go through. This also enticed lenders to stay put with a higher interest rate. The protocol supports instant NFT-backed loans, Collateral Listing, and NFT Down Payment. Borrowers also have a 24-hour liquidation protection period to repay the loan.
Web3 dapps and developer tools related to BendDAO
Discover blockchain applications that are frequently used with BendDAO.
Resources and Guides about NFT Lending Dapps
BendDAO Alternatives
Explore web3 competitors and apps like BendDAO.
ArcadeNFT Lending Dapps
Arcade allows users to underwrite fixed-rate term loans using NFTs as collateral.
KyokoNFT Lending Dapps
Kyoko Finance, a cross-chain platform, facilitates GameFi NFT lending for both players and guilds.
Double ProtocolNFT Renting Dapps
We are an NFT Rental Protocol, marketplace and authors of ERC 4907, an Ethereum Standard.
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