Background

BendDAO

Bend is a decentralized peer-to-pool based NFT liquidity protocol. 

Depositors provide ETH liquidity to the lending pool to earn interest, while borrowers are able to borrow ETH through the lending pool using NFTs as collateral instantly.

Bend protocol enables NFT assets to be pooled and converted into representing ERC721 boundNFTs to realize NFT loans.

Integrationstwitter

BendDAO Reaches 400+ Yuga NFTs Milestone in ApeStaking Program

Thu 19th Jun 2025
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.
Community article

BendDAO ETH Lending Pool Update

Mon 3rd Feb 2025
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.
Community article

BendDAO Pools Hit Capacity with High Interest Rates

Mon 27th Jan 2025
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.
Community article

BendDAO Launches ApeCoin Staking with Auto-Compounding Features

Mon 11th Nov 2024
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.
Community article
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