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First, ๐ฐ๐ก๐š๐ญ ๐ข๐ฌ ๐๐ž๐ง๐๐ƒ๐€๐Ž?

@BendDAO is a NFT-collateralized crypto loans supporting #NFT holders to borrow $ETH through the lending pool using NFTs as collateral instantly (40% of the floor price), while depositors provide $ETH liquidity to earn interest.
@BendDAO ๐“๐ก๐ž ๐ซ๐ž๐š๐ฌ๐จ๐ง ๐ฐ๐ก๐ฒ ๐๐ž๐ง๐๐ƒ๐€๐Ž ๐Ÿ๐ฏ๐œ๐ค๐ž๐ ๐ฎ๐ฉ

The Health Factor (๐‡๐…) is the factor used to determine the risk of collateral in Bend

๐‡๐… = (OpenSea Floor Price * Liquidation Threshold) / Debt with Interestsย 
(Liquidation Threshold = ๐ŸŽ.๐Ÿ—)
@BendDAO ๐Ÿ.๐ŸŽ < = HF < = ๐Ÿ.๐Ÿ“ => Risky => ๐Œ๐”๐’๐“ repay the debt

HF < ๐Ÿ.๐ŸŽ + ๐…๐€๐ˆ๐‹ to repay the loan within 48 hours => Liquidation will be triggered, goodbye to your mortgaged NFTs
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