Introducing BendDAO

    BendDAO is the first NFT liquidity protocol supporting instant NFT-backed loans, Collateral Listing, and NFT Down Payment. The seamless experience of down payment, borrowing, and listing creates a perfect closed loop for users, a one-stop NFT liquidity solution.

    • NFT Liquidity

    This is how bluechip NFT holders are able to get the best liquidity on BendDAO.

    • Instant NFT-backed Loan

    BendDAO is the first decentralized peer-to-pool based NFT liquidity protocol. NFT holders are able to borrow ETH through the lending pool using NFTs as collateral instantly, while depositors provide ETH liquidity to earn interest. The leveraged NFT trading is built on instant NFT-backed loans.

    • Collateral Listing

    NFT holders/sellers can choose to instantly get up to 40% of the floor value of the listing before it even sells. The instant liquidity is actually provided by the instant NFT-backed loan. The buyer will pay off the loan including interests after the deal.

    Existing borrowers can list the collateral directly on the BendDAO. The balance after deducting debt with interests will be transferred to the borrower (seller) after the deal.

    • Buy with Down Payment

    The buyer may pay a minimum down payment of 60%, depending on the actual price, to buy a bluechip NFT from major NFT marketplaces while initiating a flash loan from AAVE to cover the remainder. The borrowed amount of the flash loan will be repaid through the instant NFT-backed loan on BendDAO.

    The buyers will automatically become borrowers with the down payment. And borrowers can list their mortgaged NFT for sale as well.


    Source:

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    Q1. Analyze deposits and withdrawals into BendDAO over the past month. Provide metrics such as total ETH volume and unique wallets, and explain any interesting findings

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    Methodology

    in this dashboard we use “ethereum.core.fact_event_logs table” available on flipside ethereum database and use below technical infos for findings this bounty metrics.

    Deposits ==> origin_function_signature = '0x58c22be7'

    Withdrawals ==> origin_function_signature = '0x36118b52'

    Metrics:

    • Total Number of Deposit Transactions - Past Month
    • Total Number of Depositors - Past Month [unique wallets]
    • Total Volume of Deposit - Past Month
    • Total Volume of Deposit - Past Month
    • Average Volume of Deposit - Past Month
    • Average Volume of Deposit - Past Month
    • Daily Number of Deposit Transactions - Past Month
    • Daily Number of Depositors - Past Month [unique wallets]
    • Monthly Number of Deposit Transactions and Wallets - Past 6 Months
    • Daily Total Volume of Deposit - Past Month [ETH]
    • Daily Total Volume of Deposit - Past Month [USD]
    • Daily Average Volume of Deposit - Past Month [ETH]
    • Daily Average Volume of Deposit - Past Month [USD]
    • Daily Cumulative Number of Deposit Transactions and Wallets - Past Month
    • Daily Cumulative Volume of Deposits - Past Month
    • Monthly Volume of Deposits - Past 6 Months - ETH, USD
    • Total Number of Withdrawal Transactions - Past Month
    • Total Number of Withdrawals - Past Month [unique wallets]
    • Total Volume of Withdrawals - Past Month
    • Total Volume of Withdrawals - Past Month
    • Average Volume of Withdrawals - Past Month
    • Average Volume of Withdrawals - Past Month
    • Daily Number of Withdrawal Transactions - Past Month
    • Total Number of Withdrawals - Past Month [unique wallets]
    • Monthly Number of Withdrawal Transactions and Wallets - Past 6 Months
    • Daily Total Volume of Withdrawal - Past Month [ETH]
    • Daily Total Volume of Withdrawals - Past Month [USD]
    • Daily Average Volume of Withdrawals - Past Month [ETH]
    • Daily Average Volume of Withdrawals - Past Month [USD]
    • Daily Cumulative Number of Withdrawal Transactions and Wallets - Past Month
    • Daily Cumulative Volume of Withdrawal Transactions and Wallets - Past Month
    • Monthly Volume of Withdrawals - Past 6 Months - ETH, USD

    Analysis

    BendDAO Deposits

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    Findings

    In chart "Daily Total Volume of Deposit - Past Month [ETH]“, we can see the amount of deposit volume on a daily basis for the last month. Please note that the values of this chart are based on Ethereum Coin. The largest amount of deposit volume in August was on August 25 and was equal to 18.57 thousand Ethereum. The largest amount of deposit volume was on September 7 and was equal to 32.67 thousand Ethereum.

    In chart "Daily Total Volume of Deposit - Past Month [USD]“, we can see the amount of deposit volume on a daily basis for the last month. Please note that the values in this chart are based on dollars. The highest amount of deposit volume in August was on August 25 and was equal to 31.46 million dollars. The highest amount of deposit volume was on September 7 and was equal to 49.74 million dollars.

    In the "Monthly Volume of Deposits - Past 6 Months - ETH, USD“ chart, we can see the amount of deposit volume in the last 6 months based on the amount of Ethereum and dollars. The highest amount of deposited volume was in May 2022 and was equal to 436.33 million dollars. (192.17k ETH)

    BendDAO Withdrawals

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    Findings

    In chart "Daily Total Volume of Withdrawal - Past Month [ETH]“, we can see the amount of Withdrawal volume on a daily basis for the last month.

    Please note that the values of this chart are based on Ethereum Coin.

    The largest amount of Withdrawal volume in August was on August 20 and was equal to 46.38 thousand Ethereum.

    In chart "Daily Total Volume of Withdrawal - Past Month [USD]“, we can see the amount of Withdrawal volume on a daily basis for the last month.

    Please note that the values in this chart are based on dollars.

    The highest amount of Withdrawal volume in August was on August 20 and was equal to 75.10 million dollars.

    Conclusion

    In this dashboard, we examined the BendDAO platform from different aspects. We have seen that the BendDAO platform is in a good position compared to its competitors and many users have chosen this platform in a bear market. In May and June, when the crypto market fell sharply, users made the most deposits on the BendDAO platform.

    Some of the most important points of this dashboard:

    Total Number of Deposit Transactions - Past Month = 525

    Total Number of Depositors - Past Month [unique wallets] = 315

    Total Volume of Deposit - Past Month = 156.7k ETH

    Total Volume of Deposit - Past Month = $255M

    Average Volume of Deposit - Past Month = 86.8 ETH

    Average Volume of Deposit - Past Month = $141.4k

    Total Number of Withdrawal Transactions - Past Month = 448

    Total Number of Withdrawals - Past Month [unique wallets] = 267

    Total Volume of Withdrawals - Past Month = 235k ETH

    Total Volume of Withdrawals - Past Month = $380M

    Average Volume of Withdrawals - Past Month = 118 ETH

    Average Volume of Withdrawals - Past Month = $191k

    The highest number of deposit transactions was processed on August 21.

    On August 21, 68 deposit transactions have been processed.

    On August 25, 53 deposit transactions have been processed.

    The lowest number of deposit transactions processed was on August 31.

    The highest number of wallets that made a deposit transaction was on August 21.

    On August 21, 59 wallets made deposit transactions.

    The highest number of deposit transactions was made in May 2022. 490 deposit transactions have been made by 265 wallets.

    The highest number of Withdrawal transactions was processed on August 21.

    On August 21, 79 Withdrawal transactions have been processed.

    On August 22, 44 Withdrawal transactions have been processed.

    The lowest number of Withdrawal transactions processed was on August 9.

    The highest number of wallets that made a Withdrawal transaction was on August 21.

    On August 21, 57 wallets made Withdrawal transactions.

    The highest number of Withdrawal transactions was made in May 2022.

    408 Withdrawal transactions have been made by 244 wallets.

    The largest amount of Withdrawal volume in August was on August 20 and was equal to 46.38 thousand Ethereum.

    The highest amount of Withdrawal volume in August was on August 20 and was equal to 75.10 million dollars.

    Findings

    In chart "Daily Number of Deposit Transactions - Past Month", we see the number of deposit transactions processed daily for the last month. The highest number of deposit transactions was processed on August 21. On August 21, 68 deposit transactions have been processed. On August 25, 53 deposit transactions have been processed. The lowest number of deposit transactions processed was on August 31.

    In chart “Daily Number of Depositors - Past Month [unique wallets]“, we see the number of wallets that have made deposit transactions on a daily basis for the last month.

    The highest number of wallets that made a deposit transaction was on August 21.

    On August 21, 59 wallets made deposit transactions.

    In chart "Monthly Number of Deposit Transactions and Wallets - Past 6 Months", we see the number of deposit transactions and wallets that have made deposit transactions in the last 6 months on a monthly basis. The highest number of deposit transactions was made in May 2022. 490 deposit transactions have been made by 265 wallets.

    Findings

    In chart "Daily Number of Withdrawal Transactions - Past Month", we see the number of Withdrawal transactions processed daily for the last month. The highest number of Withdrawal transactions was processed on August 21. On August 21, 79 Withdrawal transactions have been processed. On August 22, 44 Withdrawal transactions have been processed. The lowest number of Withdrawal transactions processed was on August 9.

    In chart “Daily Number of Withdrawals - Past Month [unique wallets]“, we see the number of wallets that have made Withdrawal transactions on a daily basis for the last month. The highest number of wallets that made a Withdrawal transaction was on August 21.

    On August 21, 57 wallets made Withdrawal transactions.

    In chart "Monthly Number of Withdrawal Transactions and Wallets - Past 6 Months", we see the number of Withdrawal transactions and wallets that have made Withdrawal transactions in the last 6 months on a monthly basis. The highest number of Withdrawal transactions was made in May 2022. 408 Withdrawal transactions have been made by 244 wallets.