Bank Run at NFT Lender BendDAO Prompts Attempt to Avert Another Liquidity Crisis - CoinDesk
8/22/2022 12:00:00 AM2 years 8 months ago
by Danny Nelson
by Danny Nelson
Faulty auction mechanics highlighted the downside of letting people borrow money against their Bored Apes.
NFT-collateralized crypto loans platform BendDAO looked to right itself Monday after lurching through a nearly disastrous liquidity crisis over the weekend, a situation that underscored the pitfalls … [+3140 chars]
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