BendDAO, which is considered one of the NFT-backed credit liquidity protocols, recently published a comprehensive financial report.
In the statement, The progress of BendDAO since last year draws attention.Electronic data collection, analysis and retrieval system ( EDGAR) reports, Web3 highlighted an unprecedented level of transparency to its projects. It was also mentioned that these community members provide information about the financial status of the protocols they use regularly.
Details of the Report Mentioned
in the report -most attention attracting from the dataif one is BendDAOcash reserves, loans, NFTsand other capital such as stocks, including an overview BendDAO provided specific information about its assets and liabilities.
BendDAO’s financials, NFT It was made public as part of an effort to make the liquidity protocol as open as possible for the good of the community. BendDAO report The most striking aspects are, a total of 3,630.66 Ethereum per year ( ETH) that interest income is earned and 2,447.04 per year ETH reported as interest expense. Finally, it was announced in operating income as a total of 1,183.62 ETH ($2.22 million).
