BendDAO Launches ApeCoin Staking with Auto-Compounding Features
BendDAO Launches ApeCoin Staking with Auto-Compounding Features
🐵 Apes Making Money While Sleeping
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.
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 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.