Binance has promoted 13 inscription projects. Let’s analyze BendDAO’s inscription BDIN (currently listed on the gate exchange). BendDAO is the leading NFT pledge lending project on the ETH chain. Currently, the 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 safety accidents. Currently, nearly 2,000 ETH (600wu) are distributed as dividends. The protocol raised US$1,000 in public sales in 22 years, and the team is very strong. It was recently selected as one of the top three NFT innovations by coinmarketcap https://x.com/CoinMarketCap/status/1761030323394232793?s=20OK It is also included in the recently released investment report BendDAO, and currently the project token has not been listed on any major exchanges, and it has the potential to be listed on it. This time the Bitcoin ecosystem is booming, BendDAO announced its entry into the BTC ecosystem and issued the inscription $BDIN to do the lending business in the BTC sector. The BTC ecosystem is currently in its early stages. If you bet on the BTC ecosystem, $BDIN’s current market value is 5 million, which is a lot of room for imagination compared to their TVL of hundreds of millions in ETH. People from the project team in their discord said that they are also going to launch a new lending product that puts FT and NFT lending together. It sounds very cool. If they use this product to take the BTC lending position, it will be awesome. Forced. Now Voya is the leader in swap on BTC, bitsmile is the leader in stablecoin, and there is no leader in lending yet. Everyone can start to make arrangements. Recently, Frog and Node Monkey have been rising like crazy, and the new BendDAO protocol will be launched soon. It will support Bitfrog and Node Monkey lending by then. When the product is launched, the BDIN will be at least 10 times higher. So now is the early stage of planning, go in first and be the first batch of evangelists.
BendDAO (Bitcoin NFT lending) will soon deploy a lending protocol on Merlin (a BTC L2 project led by OKX). This will be introduced from several aspects. $BDIN $BTC $ETH
Merlin: Currently valued at US$500 million, Merlin is invested by 24 institutions including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital. It is mainly an integrated ZK-Rollup network, decentralized oracle and on-chain BTC fraud prevention. Module's Bitcoin Layer2 solution. Total amount: 2,100,000,000. #Bitcoin#Lending#Layer2#BRC20
BendDAO will also be recorded in Merlin's points after deploying the reception agreement. Currently, Merlin has made a TVL worth 1.7 billion US dollars... @benddao @benddao_btc
Because the market value of bdin is only 5 million US dollars. It is reported that the BTC loan has been completed and is under audit. The communities of NodeMonkey and Bitfrog will come in to lend money as soon as possible after the launch. In the future, when the BTC ecosystem and Inscription continue to be hot, the lending sector business will surge. Moreover, if Merlin cooperates with BIND, lending will be opened. Whether the assets on Merlin can be pledged, airdropped or loaned out, your pledged assets can be pledged again. , which is equivalent to the beginning of the revolving loan. As a result, the price of BDIN will also rise. A 10-fold increase in market capitalization of US$5 million is not a big problem. The current price has limited room for decline.
One is that Binance has launched the first wave of inscription trading competitions. Today’s AINN and RATS have begun to explode. The popularity of the second phase of BDIN may also lead to a second wave of activities. The entire development is indescribable. You understand. It is currently online on the Gate exchange and can also be purchased in the Binance Web3 wallet to receive airdrops.
Therefore, if you are optimistic about BTC lending and BTC L2 sector, you can consider the layout.
#Runestone is pre-airdropped to 113376 addresses. With the real-name blessing of Ordinals founder Casey, Runestone’s initial market value directly exceeded 30 million US dollars. Depending on the off-site price when the airdrop is issued, you may choose to receive some goods between 100-300u.