Binance has promoted 13 inscription projects. Let’s analyze BendDAO’s inscription BDIN (currently available on the gate exchange).
BendDAO is the leading NFT staking lending project on the ETH chain. The current locked TVL is about 120 million US dollars (the lowest point in recent years because ethNFT is in a bear market). The project has been running for more than 700 days without any security incidents. Currently, the dividend is nearly 2,000 ETH (600wu).
The protocol raised 10 million USD in public sales in 2022. The team is very strong and was recently selected as one of the top three NFT innovations by coinmarketcap https://x.com/CoinMarketCap/status/1761030323394232793?s=20
BendDAO is also included in the investment report recently released by OK, and the project’s token has not yet been listed on any major exchange, but it has the potential to be listed on OK.
As the Bitcoin ecosystem is very popular, BendDAO announced its entry into the BTC ecosystem and issued the inscription $BDIN to do the lending business in the BTC sector. Currently, the BTC ecosystem is in its early stages. If you bet on the BTC ecosystem, $BDIN now has a market value of 5 million, which has a lot of room for imagination compared to their TVL of hundreds of millions in ETH.
The project team members in their discord said that they will launch a new lending product, which will combine FT and NFT lending together. It sounds awesome. If they can take the BTC lending position with this product, it will be awesome. Now the swap leader on BTC is Voya, and the stable currency is Bitsmile, but there is no leader in lending yet, so everyone can start planning.
Frog and Node Monkey have been rising wildly recently, and the new BendDAO protocol will be launched soon, which will support BitFrog and Node Monkey lending. After the product is launched, BDIN will be at least 10 times higher. So now is the early layout stage, so get in and be the first batch of evangelists.
