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BendDAO is an innovative decentralised finance (DeFi) platform designed to provide liquidity and lending solutions for non-fungible tokens (NFTs). Originating from the growing intersection of DeFi and NFTs, BendDAO was created with the vision of unlocking the liquidity potential of NFT assets by allowing users to borrow against their NFT holdings. It functions as a permissionless protocol on the Ethereum blockchain, facilitating the collateralization of blue-chip NFTs, which are highly sought-after and valuable digital assets. By leveraging such NFTs, BendDAO enables users to access instant liquidity while still retaining ownership rights. The platform is community-driven, governed by its native token, BEND, which allows holders to participate in decision-making processes, ensuring decentralised governance and alignment of incentives within the ecosystem.
