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Instant Lending and Repayments
Borrow and repay ETH anytime
Borrow and repay ETH anytime
Instant NFT-collateralized loans bring instant liquidity for blue-chip NFT holders. NFT holders can borrow and repay ETH anytime.
No matching time.
A trustless liquidity solution for NFT holders. Deposit your NFT as collateral for you to be able to borrow Ethereum. Deposited NFTs will be put into an NFT pool and converted into boundNFTs.
Which NFTs can be used as collaterals?
Bored Ape YC, CryptoPunks, Mutant Ape YC, Azuki, Clone X, and Doodles are supported as collateral now.
MAYC, Azuki, CloneX and Doodles are selected by BEND stakers. Details of the Community Voting: https://snapshot.org/#/benddao.eth/proposal/QmVgsdtx6PAqKLyAMSnvXAoLrEJc1s6VVKLtWtEdqb4zPC​
NFT Price Discovery
NFT floor prices are calculated using a complicated algorithm. The original price data comes from a well-known NFT marketplace which is OpenSea.
- The Bend team currently maintains the NFT price oracle.
- In the future, Bend governance mechanisms will manage the selection of sources.
What's the Collateral Ratio?
Name
Symbol
Collateral Ratio
Liquidation Threshold
Liquidation Bonus
Redeem Duration (Days)
Auction Duration (Days)
Redeem Fine
CryptoPunks
CryptoPunks
40%
90%
5%
2
2
1%
Bored Ape YC
BAYC
40%
90%
5%
2
2
1%
Others
TBC
30%
90%
5%
2
2
1%
​
Last modified 2mo ago