BendDAO: BIP#46 has taken effect, and the USDT borrowing interest rate will be reduced to 7%
NFT lending platform BendDAO announced on Twitter that Proposal BIP #46 has now taken effect, allowing users to borrow USDT using NFTs on BendDAO. The basic borrowing interest rate has been reduced from 10% to 7%, and the protocol management fee rate has also been lowered from the previous 30% to 20%. BendDAO claims that the adjustment of the relevant interest rate parameters will attract more users to participate in NFT lending and build a sustainable and user-friendly lending environment. In addition, BendDAO also revealed that it may integrate BTC NFTs on its platform and introduce BTC NFT bridging services to DeFi.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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