Discover and read the best of Twitter Threads about #baycs
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First, ๐ฐ๐ก๐๐ญ ๐ข๐ฌ ๐๐๐ง๐๐๐๐?
@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 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 ๐๐ก๐ ๐ซ๐๐๐ฌ๐จ๐ง ๐ฐ๐ก๐ฒ ๐๐๐ง๐๐๐๐ ๐๐ฏ๐๐ค๐๐ ๐ฎ๐ฉ
The Health Factor (๐๐ ) is the factor used to determine the risk of collateral in Bend
๐๐ = (OpenSea Floor Price * Liquidation Threshold) / Debt with Interestsย
(Liquidation Threshold = ๐.๐)
The Health Factor (๐๐ ) is the factor used to determine the risk of collateral in Bend
๐๐ = (OpenSea Floor Price * Liquidation Threshold) / Debt with Interestsย
(Liquidation Threshold = ๐.๐)
@BendDAO ๐.๐ < = HF < = ๐.๐ => Risky => ๐๐๐๐ repay the debt
HF < ๐.๐ + ๐ ๐๐๐ to repay the loan within 48 hours => Liquidation will be triggered, goodbye to your mortgaged NFTs
HF < ๐.๐ + ๐ ๐๐๐ to repay the loan within 48 hours => Liquidation will be triggered, goodbye to your mortgaged NFTs
#BAYC Investment Thesis
As with any investment, I wrote this for myself before plunking down for a @BoredApeYC NFT. I've learned much more since. I'm sharing this to keep myself honest, seek feedback, and explain to TradFi friends why I'm so excited about web3/crypto. /1
As with any investment, I wrote this for myself before plunking down for a @BoredApeYC NFT. I've learned much more since. I'm sharing this to keep myself honest, seek feedback, and explain to TradFi friends why I'm so excited about web3/crypto. /1
11/23/21 Purchase at 40ETH
BAYC #9128
Decent rarity score: Rarity Tools v2 score 121.07, Rarity rank #2139
4-trait: blue dress, hypnotized eyes, silver stud, fez hat
Downside = 100% loss of capital
Upside = >130x
So what makes this special beyond just an image? /2
BAYC #9128
Decent rarity score: Rarity Tools v2 score 121.07, Rarity rank #2139
4-trait: blue dress, hypnotized eyes, silver stud, fez hat
Downside = 100% loss of capital
Upside = >130x
So what makes this special beyond just an image? /2
(A) Access to a community with
- Founders: authentic, involved and responsive @CryptoGarga @GordonGoner @TomatoBAYC @SassBAYC
- Culture: diverse membership that is happy, positive and supportive
- Network: web3 creators who give early looks at projects (mostly NFTs right now) /3
- Founders: authentic, involved and responsive @CryptoGarga @GordonGoner @TomatoBAYC @SassBAYC
- Culture: diverse membership that is happy, positive and supportive
- Network: web3 creators who give early looks at projects (mostly NFTs right now) /3
