BendDAO, a notable NFT-backed mortgage liquidity protocol, marked its first anniversary by releasing a monetary assertion developed by Unboxing Lab.
The report conforms to conventional financing requirements and offers transparency on the property and liabilities of BendDAO. It consists of data on the protocol’s money reserves, loans, NFTs, and different capital.
The report additionally reveals that BendDAO earns 3,630.66 ETH in curiosity earnings yearly, with an curiosity expense of two,447.04 ETH per 12 months and working earnings of 1,183.62 ETH ($2.22 million).
Unboxing Lab’s report allows BendDAO customers to investigate the protocol’s monetary well being, revenue and loss assertion, steadiness sheet, and threat indicators.
BendDAO has a liquidity of 67,624 ETH and fees an APR of 6.82% for deposits and 28.44% for borrowing, with a utilization charge of 30%.
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