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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
