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Bend is a protocol for borrowing and lending, backed by NFTs, that operates in a decentralized and non-custodial manner. Users can join as depositors or borrowers. Depositors contribute ETH liquidity to the lending pool, earning passive income. Borrowers can instantly borrow ETH from the lending pool by using NFTs as collateral.
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What is Bend?
Bend is a decentralized non-custodial NFT-backed borrowing and lending protocol. How can users participate in Bend?
Depositors can provide ETH liquidity to the lending pool to earn a passive income. On the other hand, borrowers can instantly borrow ETH through the lending pool by using NFTs as collateral.
What is the role of $BEND in BendDAO?
$BEND is the governance token of BendDAO. $BEND holders can stake BEND to obtain vote-escrowed BEND (veBEND). veBEND has two main uses: Voting and Earning.
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