BendDAO Pools Hit Capacity with High Interest Rates

**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 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 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).

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.