Don't forget to vote! Your staked $APE on #BendDAO has the same voting rights!
By staking $APE on BendDAO, you can enjoy a +7% APY advantage over the official ApeCoin pool.
How? Through auto-pairing with BAYC/MAYC/BAKC and auto-compounding benefits!
Maximize your yield with BendDAO ๐
#ApeCoinDAO
Vote now on BIP#58!
Proposing adjustments to the $ETH & $USDT Pool's interest rate parameters for better efficiency.
The change involves increasing the optimalUtilizationRate from 65% to 90%.
๐ณ๏ธ https://t.co/Ur4eqKFCEn
Simple staking of #BAYC, #MAYC, or #BAKC on BendDAO. NO liquidation risk, only $APE rewards!
๐ ๐ Here's why: No borrowing involved, just pure staking. Your NFT is auto-paired with #ApeCoin staked by others in BendDAO, enhancing yield for both through auto-pairing and auto-compounding.
๐๐ However, should you leverage your staked NFTs for borrowing $ETH/ $USDT/ $wBTC/ $wstETH on BendDAO, bear in mind that since you're also borrowing, liquidation could occur if your debt exceeds certain thresholds.
In summary, staking alone = no liquidation risk; borrowing against staked NFTs = potential liquidation risk.
๐ Why Support $wstETH?
wstETH includes staking rewards, empowering borrowers to lower borrowing costs and lenders to maximize $ETH staking returns in the #Ethereum ecosystem.
Announcing the winners of our #Binance Web3 Wallet BDIN & MMSS Airdrop!
160 users will receive a share of either 1,600,000 BDIN or $80,000 in MMSS.
Find out if you can claim here โคต๏ธ
Now $wstETH is supported on #BendDAO!
โจ Deposit $wstETH to boost earning yields, leveraging the underlying share mechanism by @LidoFinance.
๐ฅ Enjoy a lower borrowing rate for $wstETH by utilizing your NFTs as collateral.
Reference: BIP#48
BendDAO community is thrilled to be invited to participate in the #Binance Web3 Space! ๐๏ธ
Excited to share more about BendDAO on #BTC! @BendDAO_BTC
Don't miss out! ๐ฎ $BDIN
What's next following the $wBTC liquidity pool? ๐
๐ง $wstETH is coming soon!
๐ง @BendDAO_BTC ๐BendDAO has been successfully deployed on the @MerlinLayer2 testnet.
Stay tuned!
Refinance Your Debt?
Introducing #BendDAO's new functionality that allows you to refinance your borrowed position between $ETH and $USDT, providing a more flexible borrowing experience.
Find it on the 'Account' > 'My NFTs' page.