NFT lending protocol Bend DAO proposes emergency actions to stabilize ecosystem

NFT lending protocol Bend DAO proposes emergency actions to stabilize ecosystem

Market Analysis
August 23, 2022 by secret
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[ad_1] NFTs borrowing and lending protocol Bend DAO is staring at a credit crisis after it was revealed on Monday that the protocol only had about 15 wrapped Ether (wETH) worth about $23,715 for paying back its lenders.  The protocol has so far lent out 15,000 ETH. To avert the crisis, the project’s developers have