1. What is bend?

BendDAO (BEND) is a type of token primarily used for a decentralized NFT liquidity protocol. It is based on a peer-to-pool model that allows depositors to provide ETH liquidity to the lending pool to earn interest, while borrowers can use NFTs as collateral to immediately borrow ETH from the lending pool.

• Function: BendDAO provides a platform that allows users to use NFTs as collateral to borrow ETH, facilitating NFT liquidity.
• Use Cases: Mainly used for NFT collateral loans and liquidity provision.
• Features: Decentralized, peer-to-pool based NFT liquidity protocol.

2. Who founded bend?

According to the provided information, the founder of BEND has not been explicitly mentioned in the search results. These results mainly detail the characteristics, price trends, and trading methods of BEND but do not provide specific information about its founder.

3. Which venture funds invested in bend?

Based on the provided information, there is no direct mention of investment details related to BEND. However, BEND is noted as part of the NFT sector, and relevant investment information primarily appears in other projects within the NFT space, such as financing information from Opensea and Axie Infinity. Specific investor information for BEND is not directly available in the search results.

• Opensea: Completed a $23 million Series A financing led by a16z in March 2021 and a $100 million Series B financing led by a16z in July.
• Axie Infinity: Completed $7.5 million funding led by Libertus Capital, with participation from Blocktower Capital, Konvoy Ventures, and others in May 2021.

Therefore, it is not possible to determine which venture funds invested in BEND based on the provided search results.

4. How does bend work?

BendDAO (BEND) is a decentralized token based on blockchain technology, primarily used for NFT (non-fungible token) lending protocols. Here’s how BendDAO operates:

1. Decentralized Non-Custodial: BendDAO is a decentralized NFT lending protocol where users can participate as depositors or borrowers.

2. Depositors: Depositors provide ETH liquidity to the lending pool to earn passive income (in ETH and BEND). The current annual percentage yield (APY) is 26%.

3. Borrowers: Borrowers can use NFTs as collateral to instantly borrow ETH from the lending pool. The current annual percentage rate (APR) is 130%.

4. NFT Collateral: Borrowers use NFTs as collateral and complete the lending process through Smart Futures. Smart Futures acts as a fair, automated third-party program that ensures the security and transparency of the entire process.

5. Community Governance: The value of BendDAO also lies in community governance, managed and decided in a decentralized manner.

6. Security and Stability: BendDAO boasts higher security and stability, achieved through blockchain technology and Smart Futures.

In summary, BendDAO offers safe, transparent, and efficient financial services through its decentralized NFT lending protocol, enhancing asset liquidity while achieving community governance.