What is Bend Dao

Article Summary, Automatically Generated By AI

About BendDAO

  • Bend is a decentralized non-custodial NFT-backed borrowing and lending protocol.
  • Users can participate as depositors or borrowers.
  • Depositors provide ETH liquidity to the lending pool to earn a passive income.
  • Borrowers can borrow ETH through the lending pool using NFTs as collateral instantly.

About BendDAO: Empowering a Decentralized Future

In the decentralized, non-custodial Bend protocol, users can engage as either depositors or borrowers. By providing ETH liquidity to the lending pool, depositors can earn a passive income, whereas borrowers can instantly access ETH through the lending pool, using NFTs as collateral.

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