BendDAO's Lending Rates Have Topped 100% Due to Lack Of Liquidity

Aug 22,2022
KingData News: As a large number of blue-chip NFTs on the NFT collateral lending platform BendDAO face a liquidation risk crisis, the ETH lending rate on the platform has risen to 101.69%, according to its website. The Ether deposit rate, on the other hand, reached 84.96%, while the ETH on the BendDAO platform recently showed a net outflow.
NFT mortgage lending agreement BendDAO has seen a large number of liquidation auctions and the platform is experiencing a severe liquidity crisis. This indicator provides an update on the BendDAO liquidity crisis.