Cryptocurrency News

BendDAO contract now has only 15 ETH left to pay lenders

08/23/2022

Less than a minute

2022.08.23 00:38

BendDAO contract now has only 15 ETH left to pay lenders

Lending protocol BendDAO has run out of Wrapped Ether (wETH) in its contract. At the time of writing, the contract only has 15 WETH to pay lenders, and an estimated 15,000 Ether (ETH) left to be paid to lenders.

Researcher NFTStatistics.eth dissected the issue in a Twitter (NYSE:TWTR) thread, highlighting that NFT borrowers in the platform should now pay 100% interest on the ETH they borrowed. In addition, the debt positioned against the NFTs is also on the rise.

08/23/2022

Less than a minute

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