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Bend is a decentralized peer-to-pool NFT liquidity system. Users deposit ETH into a lending pool to earn interest, and borrowers can take out ETH loans from that pool by posting NFTs as collateral instantly. Bend allows NFT holdings to be grouped and turned into ERC721 boundNFTs, enabling NFT-backed borrowing.
NFT holders (borrowers) can bundle multiple NFTs into a single token called a boundNFT via the Bend Protocol, so the collateral works as one collective unit. Learn more about the Collateral Ratio details.
Key steps are as follows:
Start an instant NFT loan contract to borrow ETH from the pool Keep the NFT collateral ratio by repaying the ETH at any time Receive the NFT back after the NFT loan is fully paid off.| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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