NFT lending protocol Bend DAO proposes emergency changes amid credit crisis

by Aurelia Butler 22 August 2022, 22:00 169 Views

Next, the auction period for NFTs on its platform would be reduced from 48 to four hours. Then, the requirement for the minimum bid price of NFTs on Bend DAO to be pegged to 95% of the floor price on popular digital collectibles trading platform OpenSea would be removed. Interest rates on loans are to be reset from the current 100% to 20%. Finally, the BendDAO treasury would be empowered to cover the bad debts and use revenue.

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Source: Cryptocurrency - investing.com

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NFT lending protocol Bend DAO proposes emergency changes amid credit crisis

Fed teases master accounts for crypto banks: Law Decoded, Aug. 15-22

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