BendDAO

**BEND DAO maintains its daily token buyback program**, now on day 25 of consistent operations. - Daily automated buybacks continue through DAO-controlled bot - Buybacks executed at randomized times with price impact controls - Part of broader token reduction strategy alongside weekly burns **Recent burn activity:** - Week 13: 50M $BEND tokens burned from treasury - Week 12: Another 50M $BEND removed from circulation - Total of 500M+ tokens permanently removed The protocol combines daily buybacks with weekly large-scale burns to reduce token supply. All transactions are publicly verifiable on [Etherscan](https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7?a=0x0e15871efd047fc0f0b26543d2bee02718e3afa3).

**Week 11 burn completed** - Bend protocol has permanently removed another 50M $BEND tokens from circulation through treasury burning. - **Total burned**: Over 550M tokens eliminated forever - **Weekly schedule**: Protocol continues systematic 50M token burns - **Deflationary mechanism**: Reduces total supply to potentially increase scarcity The burn was executed via smart contract transaction, with tokens sent to a burn address where they cannot be recovered. [View transaction](https://etherscan.io/tx/0x957844327a97159fb0c9346d1242a06b56e48540cdb4d9804cf188c7b707cb49)

**BendDAO completed its sixth weekly token burn**, permanently removing another 50M $BEND tokens from circulation. **Key Details:** - 50M $BEND burned from treasury in Week 6 - **300M total tokens removed** from circulation across all burns - Transaction verified on [Etherscan](https://etherscan.io/tx/0xe985c40f62f9cab044b393f06ee2662f5c07331d915143c394ec0b2824caf56b) **Burn Program Progress:** The weekly burns are part of BendDAO's approved governance proposal to burn 50% of treasury tokens over 5 months. Each week consistently removes 50M tokens, reducing total supply permanently. This systematic approach aims to decrease token supply 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.

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 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.