Otherdeeds with KODA FAQ
KODA is a collection of 10,000 creatures that inhabit Otherdeeds of Otherside.
The BendDAO NFT wrapper contract allows the recognition of different traits in NFT collections while creating wrapped versions of them. With the BendDAO NFT Wrapper contract, Otherdeeds with KODA traits can be used as collateral on BendDAO. (BIP#20)
A: Yes, if your Otherdeed contains a KODA.
- LTV / Collateral Ratio: 30%
- Liquidation Threshold: 80%
- Auction & Redeem Duration: 24 hours
- Redeem Fine: maximum (5% of the debt, 0.2 ETH)
- Redeem Threshold: 50%
A: Sorry, no for now. Because the KODA is not a separate collection. The KODA NFT needs to be wrapped to borrow ETH.
A: Flash Claim for KODA is disabled to avoid this kind of situation. And the KODA-backed loan may be paused when departing which will be updated based on Yuga’s future announcement.
A: It depends on Yuga’s future announcement. Join our Discord to stay tuned. http://discord.gg/BendDAO
A: No difference with the other NFTs. The liquidator will get the unwrapped KODA when the auction ends.