NFT lending protocol BendDAO announced that it will support the option of lending through Bitcoin NFTs.
Projects based on Bitcoin Ordinals NFTs and Inscriptions attract great attention BendDAO mobilized. The platform allows users to borrow and lend money by renting their NFTs. For Bitcoin-based NFTs He announced that he would provide support.
In the statement made by the team on Discord, it was stated that Wrapped Bitcoin (wBTC) liquidity pools will be integrated into the platform for borrowing Bitcoin-based NFTs.
Currently just Ethereum (ETH) And Tether (USDT) BendDAO, which supports the based borrowing and lending system, Bored Ape Yacht Club (BAYC) It hosts valuable NFT collections such as.
In this way, users can rent their NFTs to other users for certain periods of time and receive a rental fee in cryptocurrency during that period. NFT auctions are also held via BendDAO.
Bitcoin NFTs, written on the Bitcoin blockchain and stored directly there, have stood out in recent days compared to Ethereum and other competitors.