BendDAO is an NFT lending service that originally allowed users to take loans of up to 40% of their collateral. A recent liquidation crisis has led to a vote tolower the liquidation threshold and make it easier for exchanges to go through.This also enticed lenders to stay put with a higher interest rate. The protocolsupports instant NFT-backed loans, Collateral Listing, and NFT Down Payment.Borrowers also have a 24-hour liquidation protection period to repay the loan.