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View ChartBendDAO is a decentralised, non-custodial, NFT-backed borrowing and lending protocol built on the Ethereum blockchain. It is recognised as the first decentralised peer-to-pool liquidity protocol for non-fungible tokens, designed to solve the liquidity problem that prevents NFT holders from accessing capital without selling their digital collectibles. By allowing NFT owners to use assets such as Azuki, CryptoPunks, MAYC, and BAYC as collateral to borrow ETH instantly, BendDAO unlocks liquidity while letting holders retain long-term exposure to their NFTs. The protocol operates through a peer-to-pool model where ETH depositors supply liquidity to earn passive income and borrowers draw from that pool against their NFTs. The native ERC-20 token, BEND, has a total and maximum supply of 10,00,00,00,000 tokens. BendDAO has evolved into a modular lending protocol, BendDAO V2, which bridges NFTs and fungible tokens with DeFi primitives, though the protocol is currently paused under the BIP #53 update.
BendDAO was founded by an anonymous team of pseudonymous individuals, a structure common among early DeFi and NFT infrastructure projects. The team has publicly emphasised its focus on decentralised finance, describing BendDAO as its latest and current project during a November 2022 WEB3 Founders Real Talk session. As of October 2022, the Bend team maintained the NFT price oracle connected to OpenSea. Detailed public information about individual team members is currently limited, and the project relies on community governance through veBEND and BendDAO Improvement Proposals to guide its direction.
BendDAO operates as a peer-to-pool liquidity protocol. NFT holders deposit eligible blue-chip NFTs as collateral and can borrow ETH instantly, receiving up to 60% of the collection floor price in liquidity. ETH depositors supply capital to the lending pool and earn interest, with additional rewards paid in BEND tokens. The protocol uses variable interest rates to balance lender and borrower incentives. When an NFT is deposited, a bound NFT (bNFT) is minted, carrying the same metadata and tokenId as the original but non-transferable and non-approvable to prevent unauthorised access. Loan health is monitored through the LendPoolLoan contract, and the NFTOracle and ReserveOracle provide floor price and reserve price data, with the latter using ChainLink price feeds. If a collateral reaches its liquidation threshold, the loan can be liquidated. Borrowers benefit from a 24-hour liquidation protection window to repay outstanding debt without losses. The Flash Claim feature lets users receive their original NFT within a single transaction to claim airdrops or participate in third-party activities, similar to an Aave flash loan.
BendDAO addresses a fundamental limitation of NFTs: their illiquidity. By enabling instant ETH loans against blue-chip NFTs, it allows holders to access capital without selling assets they may want to retain. Its peer-to-pool model differs from peer-to-peer NFT lending by providing immediate liquidity from a shared pool rather than requiring a direct counterparty. The collateral listing feature lets NFT owners access liquidity while keeping their assets listed for sale, and the NFT down payment feature allows buyers to acquire top-tier NFTs by paying a portion upfront, with the remainder financed through an Aave flash loan and an instant NFT-backed loan. The bNFT mechanism preserves airdrop rights for borrowers, and the 24-hour liquidation protection reduces the risk of forced sales during short-term market volatility. The protocol also supports major NFT collections and multiple marketplaces, enhancing its utility within the broader NFT ecosystem.
BEND serves multiple functions within the protocol. ETH depositors earn rewards paid in BEND tokens on top of the interest generated by the lending pool. Holders can lock BEND to obtain veBEND, a vote-escrowed token that grants governance rights and allows participation in decisions such as which NFT projects are listed on the protocol. veBEND holders also collect income generated from NFT-backed loans and down payments. As a governance token, BEND underpins the protocol's decentralised decision-making through BendDAO Improvement Proposals. The token is integral to the protocol's incentive structure, aligning the interests of lenders, borrowers, and long-term stakeholders.
BendDAO has expanded from its original NFT lending model into BendDAO V2, a modular lending protocol that bridges NFTs and fungible tokens using DeFi primitives and advertises dual yield from both asset classes with BEND token rewards. The ecosystem integrates with Aave through its codebase best practices and flash loans, uses ChainLink price feeds for reserve pricing, and connects to OpenSea for NFT price oracle data. Supported marketplaces include the BendDAO marketplace, OpenSea, LooksRare, and X2Y2. The protocol is listed on the Alchemy Dapp Store and is frequently used alongside related applications such as Double Protocol, Salvor, Famous Foxes, and Altr. BendDAO has also announced the complete distribution of $BDIN tokens with enhanced security measures. The protocol reports running safely for over 1,640 days, with total supplied value of approximately $3.70 million, total borrowed of approximately $3.63 million, and total staked of approximately $9,43,230.
BEND is not mined through proof-of-work. It is an ERC-20 token on Ethereum, which uses Proof of Stake consensus. Instead of mining, users can earn BEND by participating in the protocol. ETH depositors earn APR on their deposited ETH, with rewards paid in BEND tokens. Users can also acquire BEND through supported trading markets and then stake or lock it to obtain veBEND. Locking BEND for up to four years provides governance influence and a share of protocol income from NFT-backed loans and down payments. This staking and locking mechanism functions as the primary way to actively participate in and earn from the ecosystem.
Because BEND is an ERC-20 token on Ethereum, it can be stored in any compatible non-custodial wallet where users control their private keys. Hardware wallets provide strong protection against online threats by keeping keys offline. Users should safeguard seed phrases, avoid sharing private keys, and verify contract addresses before interacting with any token or protocol. BendDAO itself is non-custodial, meaning users retain control over their assets when depositing NFTs or ETH. The bound NFT design is non-transferable and non-approvable to reduce hacking risks, and Ethereum's Proof of Stake consensus makes network attacks economically unfeasible. As with any DeFi protocol, users should review audits, understand liquidation thresholds and risks, and only commit assets they can afford to expose to smart contract and market risk.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for BEND are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of BendDAO (BEND) is ₹0.002622. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated BEND to USD rate at the top of BTCC’s price page. In terms of market scope, BendDAO records a 24h trading volume of ₹0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of ₹1.07846Cr. Its current circulating supply stands at 411.28Cr out of a maximum supply cap of 1KCr.
The price volatility of BendDAO (BEND) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as RBI or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (411.28Cr) to max supply (1KCr), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, BendDAO (BEND) hit an all-time high (ATH) of ₹12.51308 on 2022-04-25 06:30, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at ₹0.002326 on 2026-06-25 17:05. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading BEND futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (₹0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s BENDUSDT perpetual contracts support two-way trading. If you anticipate a price decline for BendDAO, simply log into your BTCC account with USDT margin available, navigate to the BENDUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for BENDUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: ₹0.002622), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for BENDUSDT with zero financial risk.
Trading BendDAO (BEND) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for BENDUSDT, and review its live price (₹0.002622) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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