Credit/Macro/Crypto Analyst, Former Credit/MA PM

Rose Choy

I have 20 years experience in credit and global macro both sell side (banking and trading) and buy side. Most recently managed multi asset and fixed income strategies. Crypto is my latest focus given huge inefficiencies and lack of quality research and insight. My crypto research will be through a trad-fi lens but with intimate knowledge in the crypto trading ecosystem.

NFT-Backed Lending- A Proof of Concept in the Works

ApeCoin: Catalyst Coming for Most Important Token in the Metaverse

Crypto

<ul>
<li>BendDAO has been negatively impacted by the NFT bear market that led to a bank run due to the lack of liquidity in the collateral liquidations.</li>
<li>We look at how the auction mechanism has been stalled and how this bank run occurred. The DAO has since proposed a new governance mechanism aimed at improving the liquidity.</li>
<li>The proposal is likely to pass, and we could see potentially a slew of liquidations on the platform that could be good opportunities to pick up NFTs below floor price.</li>
</ul>


BendDAO has been negatively impacted by the NFT bear market that led to a bank run due to the lack of liquidity in the collateral liquidations.
We look at how the auction mechanism has been stalled and how this bank run occurred. The DAO has since proposed a new governance mechanism aimed at improving the liquidity.
The proposal is likely to pass, and we could see potentially a slew of liquidations on the platform that could be good opportunities to pick up NFTs below floor price.


NFT Bear Market and Impact on NFT Lending on BendDAO

Bend DAO

NFT Bear Market and Impact on NFT Lending on BendDAO