BendDAO ETH Lending Pool Update
BendDAO ETH Lending Pool Update
🏊 Pool Party Getting Cooler
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 Reaches 400+ Yuga NFTs Milestone in ApeStaking Program
BendDAO's ApeStaking program has reached a significant milestone with over 400 Yuga NFTs now actively staking on their platform. The protocol offers single-asset staking for $APE tokens, eliminating the need for users to provide their own $APE pairs. Key updates: - All ApeStaking operations have migrated to ApeChain - Platform offers highest APY for single-asset staking - Growth from 300 to 400+ NFTs since early June - Over 4M $APE tokens currently staked Users can participate through [ApeChain](http://apechain.benddao.xyz) to earn $APE rewards.
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.