TechFlow news, March 21 — NFT lending protocol BendDAO has announced the launch of its BEND token airdrop and IFO. The BEND token is the AAVE for blue-chip NFT holders. 5% of the total BEND token supply will be airdropped to NFT players. Additionally, BEND stakers will vote to select 4 out of 7 blue-chip NFTs that will receive initial ETH lending pool support.
Bend is a decentralized, non-custodial NFT-backed lending protocol where users can participate as depositors or borrowers. Depositors provide ETH liquidity to lending pools to earn interest, while borrowers can use NFTs as collateral to borrow ETH through the lending pools.
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