BendDAO Completes Week 4 Treasury Burn Removing 200M BEND Tokens
BendDAO Completes Week 4 Treasury Burn Removing 200M BEND Tokens
🔥 200M Gone Forever
BendDAO completed its fourth weekly treasury burn, removing another 50M $BEND tokens from circulation permanently.
Key milestone achieved:
- Total of 200M $BEND tokens now eliminated from supply
- Part of ongoing 5-month plan to burn 50% of treasury holdings
- Weekly burns continue to reduce circulating supply
The burn is part of BendDAO's three-part strategy approved by governance:
- Treasury token burns (currently underway)
- Lender rewards program
- Future buyback and burn mechanism using protocol fees
Transaction verified on Ethereum mainnet, making the token removal permanent and irreversible.
This systematic approach aims to create deflationary pressure on $BEND while the protocol continues operating its NFT lending services.
📊 $BEND Plan Progress ✅ Week 1 burn completed ✅ Lender rewards are live 🚧 Buyback & burn starts in Month 3 #buyback #tokenburn #NFT
🔥 WEEK 3 BURN COMPLETE! 50M more $BEND gone. TX: etherscan.io/tx/0x286e30bce…
56% UP 🔥 After burning 50% of $BEND in the DAO Treasury, bringing the DAO Treasury to ~$916K on hand - but the entire token market cap? Just $1.3m 👀 📋 More details of the latest BIP Execution Plan will be announced soon! Stay tuned. #undervalued $BEND
Just check out @coinexcom, and the small-cap coins are putting on a show tonight $ZORA 36% up $SHIC 33% up $BOMB 119% up $BEND 56% up $BUCK 42% up These little guys are totally surprising me🔥 I’m kinda digging $BOMB wild jump what about you? Got a pick? Posted in collab
🔥 WEEK 4 BURN COMPLETE! Another 50M $BEND from the treasury is gone. That’s 200M total removed from circulation — forever. TX: etherscan.io/tx/0xd9129f4fa…
🔥 WEEK 1 BURN COMPLETE! 50M $BEND from the Treasury is gone forever. Supply is shrinking. TX: etherscan.io/tx/0xfaf5bee0d…
🚨 DAO is making moves! Your vote = your voice. Burn, earn, and return. 🔥💰♻️ $BEND Get involved 👇
🗳️ Voting Time! The DAO is proposing major moves to boost $BEND: 🔥 Burn 50% of the $BEND tokens held in the treasury over 5 months (e.g., 10% monthly burns) 💰 Bring back Lender Rewards ♻️ Launch a Buyback & Burn Program Link 🔗 snapshot.box/#/s:benddao.et…
🚀 BIP PASSED! BendDAO is moving forward with our 3-part plan: 🔥 Burn 50% $BEND in treasury 💰 Lender rewards ♻️ Buyback & burn The next era begins. #BendDAO $BEND
🗳️ Voting Time! The DAO is proposing major moves to boost $BEND: 🔥 Burn 50% of the $BEND tokens held in the treasury over 5 months (e.g., 10% monthly burns) 💰 Bring back Lender Rewards ♻️ Launch a Buyback & Burn Program Link 🔗 snapshot.box/#/s:benddao.et…
📊 Burn #3 loading… ⏳ Another 50M $BEND will be removed from the treasury soon. Every week, less supply. Every week, stronger holders.
🗳️ Voting Time! The DAO is proposing major moves to boost $BEND: 🔥 Burn 50% of the $BEND tokens held in the treasury over 5 months (e.g., 10% monthly burns) 💰 Bring back Lender Rewards ♻️ Launch a Buyback & Burn Program Link 🔗 snapshot.box/#/s:benddao.et…
💰 $BEND’s treasury is worth ~$1.9m, but market cap? Just $1.5m! 50% burn incoming to tighten supply. Are you ready? 👀 #Undervalued $BEND
BEND Token Plan Hits Week 1 Milestone
**BEND Protocol** completes first week of token burn program as planned. **Key Updates:** - Week 1 token burn successfully executed ✅ - Lender rewards program now active and operational - Buyback and burn mechanism scheduled to begin in Month 3 The NFT lending protocol continues executing its tokenomics restructuring plan on schedule. Lenders can now earn rewards while the protocol prepares for expanded buyback operations. *Next phase launches in two months with enhanced token mechanics.*
BEND Token Burn Week 1 Complete
**BEND Protocol completed its first weekly token burn**, permanently removing 50 million $BEND tokens from circulation. The burn transaction has been **confirmed on Ethereum**, reducing the total supply as part of the protocol's deflationary strategy. **Key details:** - 50M $BEND tokens burned from treasury - Tokens permanently removed from circulation - Part of 5-month plan to burn 50% of treasury holdings The burn mechanism aims to **reduce token supply** over time, potentially benefiting existing holders through scarcity. Transaction details available on [Etherscan](https://etherscan.io/tx/0xfaf5bee0dbb3ab68ce4165d681c6eacdd07a3e1cdb0d717d856e6de658819e17).
BendDAO ETH Lending Pool Update
The ETH lending pool utilization on BendDAO has shown significant improvement, dropping from 92.68% to 68.61% over the past week. This decrease indicates recovering liquidity in the protocol. - Current utilization rate: 68.61% - Previous rate: 92.68% - Interest rates remain elevated *Recommendation for borrowers*: Consider repaying outstanding loans while the pool shows improved liquidity conditions. The steady recovery suggests growing stability in the lending protocol's operations.
BendDAO Pools Hit Capacity with High Interest Rates
BendDAO lending pools have reached maximum capacity, pushing interest rates to significant levels - 164% for ETH and 92% for USDT. The protocol faces a $465k mark-to-market loss due to Azuki price fluctuations, though this remains well below the DAO treasury's $1.5M valuation. - Current rates: - ETH: 164% - USDT: 92% *Key Development*: DAO Treasury plans to begin bidding on affected assets in the near term. **Market Impact**: Despite losses, protocol maintains strong treasury position with 3x coverage of current mark-to-market deficit.
BendDAO Launches ApeCoin Staking with Auto-Compounding Features
BendDAO has introduced a new staking service for BAYC, MAYC, and BAKC NFT holders to earn ApeCoin rewards. Key features include: - Single NFT staking support - Auto-compounding yield mechanism - No liquidation risk for pure staking - Second largest ApeCoin staking pool after ApeStake.io - Dual yield opportunities with BendDAO V2 Platform is now live at BendDAO's website, offering a streamlined way to generate passive income from Ape NFT holdings. Visit v1.benddao.xyz/ape-staking to start earning rewards.