BendDAO, NFTs A liquidity protocol that supports instant NFT-backed loans, collateral listings, and NFT down payments is hitting all-time highs for both mutant ape yacht club NFTs and Doodles.
Platforms scored 2.17% of total MAYC NFT Collection, worth about $10 million and 0.94% of the Doodles NFT collection, worth about $1.19 million. A batch of 53 doodles has been credited to the BendDAO collateral. This is the largest doodle batch ever recorded.
Additionally, on January 19, the collateral hit an all-time high for adzuki beans, with 267 adzuki NFTs valued at approximately $6.7 million. The total amount of BendDAO collateral is currently valued at 40.4K ETH, equivalent to approximately $65 million.
This development in the NFT market will provide NFT holders with a new level of accessibility and convenience, making it easier to leverage their digital assets. BendDAO’s progress will be closely monitored over the next few days.
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