BendDAO's Transparent Financial Reporting Empowers NFT Investors

BendDAO, a leading NFT-backed lending liquidity protocol, has recently marked its first anniversary by releasing a comprehensive financial statement. This statement, produced by Unboxing Labs, showcases the level of transparency and professionalism found in traditional finance. BendDAO's commitment to transparency is evident in this report, allowing potential investors to make well-informed decisions.

Key Highlights of BendDAO's Financial Report

BendDAO's financial report contains critical information for potential investors. Some of the key highlights of the 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 publish its financial statement is part of its broader commitment to transparency. It is essential for investors to understand the financial performance of any investment, and BendDAO's financial report provides this information. Unpacking Labs' report empowers BendDAO's clients to investigate the convention's P&L, monetary record, and chance measures.

BendDAO's NFT Liquidity Protocol

BendDAO is the most well known NFT liquidity convention, giving moment NFT-upheld advances, guarantee posting, and NFT up front installment. The consistent client experience for initial investment, getting, and posting makes an ideal shut circle for clients, framing a one-stop NFT liquidity arrangement.

BendDAO's Liquidity and Borrowing Rates

At present, BendDAO has liquidity of 67,624 ETH and a protocol utilization rate of 30%. The deposit APR and borrow APR are 6.82% and 28.44%, respectively, against a total borrowing rate of 20,375 ETH. These rates enable investors to make an informed decision and participate in BendDAO's ecosystem.

About Unboxing Labs

Unpacking Labs is the monetary exploration and revealing arm of NFTBank, the market chief in NFT evaluating and portfolio the board. Unpacking Labs is devoted to normalizing, deciphering, and making web3 monetary information straightforward. It is right now tolerating demands for web3 monetary giving an account of DAOs, conventions, and financial backers/reserves.

Conclusion

BendDAO's financial report is a testament to its commitment to transparency and professionalism. By making its financial statements available to potential investors, BendDAO has empowered the NFT investment community. With a seamless user experience, attractive borrowing rates, and a high utilization rate, BendDAO continues to be the go-to NFT liquidity protocol.