Gamepost.io
  • News
  • Developers
  • NFT
  • Metaverse
  • DeFi
  • Education
  • Glossary
  • Press Release
Reading: BendDAO Empowers NFT Investors with Web3 Financial Reporting
Share
Aa
Gamepost.io
Search
  • News
  • NFT
  • Metaverse
  • DeFi
  • Education
  • Events
  • Bookmarks
  • Contact
  • Contributors
Follow US
© Gamepost.io
News

BendDAO Empowers NFT Investors with Web3 Financial Reporting

Gamepost
Gamepost Published April 10, 2023
Share
3 Min Read
SHARE

Seoul, Korea, April 7th, 2023, Chainwire

One of the top NFT-backed lending liquidity protocols, BendDAO, has celebrated its one-year anniversary by publishing a detailed financial statement. It parallels the level of those found in traditional finance. Produced by Unboxing Lab, it reveals the progress BendDAO has made over the past 12 months.

EDGAR-style reports bring an unprecedented level of transparency to web3 projects, giving community members an insight into the financial health of protocols they routinely use. The report details BendDAOs assets and liabilities including a breakdown of cash reserves, loans, NFTs (both escrowed, transferred, and deposited) and other capital such as equity.

Key highlights of the BendDAO report include:

  • Annual interest revenue of 3,630.66 ETH
  • Annual interest expense of 2,447.04 ETH
  • Operating income of 1,183.62 ETH ($2.22M)

BendDAO’s decision to publicize its financials is part of its commitment to make as much of its operations as possible transparent for the community’s benefit. Unboxing Lab’s report enables BendDAO users to examine the protocol’s P&L, balance sheet, and associated risk measures. This allows potential investors to participate, become better informed, and make well-calculated decisions. It goes far beyond a simple look at TVL or APR, which can be a misleading indicator of success of the protocol.

BendDAO currently has liquidity of 67,624 ETH, while paying a deposit APR of 6.82% and a borrow APR of $28.44% against a total borrowing rate of 20,375 ETH. This equates to a protocol utilization rate of 30%.

About BendDAO

BendDAO is the most popular NFT liquidity protocol supporting instant NFT-backed loans, collateral listing, and NFT down payment. The seamless experience of down payment, borrowing, and listing creates a perfect closed loop for users, forming a one-stop NFT liquidity solution.

About Unboxing Labs

Unboxing Labs is the financial research and reporting arm of NFTBank, the market leader in NFT pricing and portfolio management. Unboxing Labs is dedicated to making web3 financial data more standardized, interpretable, and therefore truely transparent. Unboxing Labs is currently accepting new requests for web3 financial reporting on DAOs, protocols, and investors/funds.

Website | Discord | Twitter | Github | Medium

Contact

COO
Jen Kim
jen@nftbank.ai

Related

You Might Also Like

Logitech G Drops a Wide Array of New Products and Innovations at Logitech G PLAY 2025

Celebrate Breakthroughs in Play with Logitech G PLAY: Livestream on September 17

Dalarnia Legends Launches First Grand Masters Tournament with 250,000 $D Prize Pool

Cloudbet Launches TI 2025 Playoff Markets With Xtreme Gaming Priced as Favorites

BTCC’s $500K Trading Competition Surpasses $1.5 Billion in Volume Ahead of September 21 Deadline

TAGGED: BendDAO, NFT, report, web3
Share this Article
Facebook Twitter Email Print

New Releases

Trending Stories

top 5 addictive web3 games
Uncategorized

5 Highly Addictive Web3 Games That Should Be on Repeat This Summer

August 18, 2025
News

Floki’s Valhalla Partners With Kick F1 Sim Racing Team

November 17, 2024
MetaversePress Release

Bruce Lee’s First Metaverse Debut Goes to Byte City

June 29, 2023
News

FBI warns of fake play-to-earn gaming apps used by threat actors to steal crypto

March 10, 2023
Press Release

AIGameToEarn Begins Pre-Launch Whitelisting for AI NFTs and a $100k GUARANTEED Leaderboard

April 28, 2023
Technology

VERTU Launches METAVERTU 1TB WEB3 phone

April 25, 2023

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Follow US on Social Media

Facebook Twitter Instagram Linkedin
Gamepost.io

More from Gamepost.io

  • Contact
  • Privacy Policy
  • Advertising
  • Subscribe
  • Submit a press release
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?