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Cryptopolitan
2022-08-18 21:08:48

NFT collaterals soar on BendDAO: Is the NFT market about to collapse?

NFT collaterals soar on BendDAO: Is the NFT market about to collapse?

A major liquidation in the NFT market is potential on the horizon. The web3 lending protocol BendDAO is attracting hordes of NFT holders to keep their non-fungible assets as collateral and take ETH loans. Fears of liquidation escalated when a BAYC whale (Bored Ape Yacht Club) borrowed over 10,000 ETH from the platform. Currently, there … NFT collaterals soar on BendDAO: Is the NFT market about to collapse? Read More »

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