BendDAO – from a distance – looks like an old-school bank: Some customers deposit money into the decentralized finance (DeFi) platform, which loans the money out, giving depositors a cut of the interest payments. Those loans are backed by collateral but with a crypto-quirk: that collateral is pictures of monkeys, pixelated heads and other pricey non-fungible tokens (NFTs).
Related posts
-
Altcoins Shine as Crypto Economy Hits $3.29T: OM, XLM, ADA and XRP Drive the Frenzy
This week, the crypto economy soared to an astounding... -
Dogecoin Set To Skyrocket By Saturday, Warns Crypto Analyst
Este artículo también está disponible en español. Crypto analyst Kevin (@Kev_Capital_TA) has identified a bullish pennant... -
Bitcoin’s $90K run isn’t the endgame — These cryptos could outshine it by 2025
Disclosure: This article does not represent investment advice. The content and materials featured on this page...