Introduction

BendDAO is the first NFT liquidity protocol supporting instant NFT-backed loans, Collateral Listing, and NFT Down Payment. The seamless experience of down payment, borrowing, and listing creates a perfect closed loop for users, a one-stop NFT liquidity solution. BendDAO is the first decentralized peer-to-pool based NFT liquidity protocol. NFT holders are able to borrow ETH through the lending pool using NFTs as collateral instantly, while depositors provide ETH liquidity to earn interest. The leveraged NFT trading is built on instant NFT-backed loans.

Objective

Q1. Analyze deposits and withdrawals into BendDAO over the past month. Provide metrics such as total ETH volume and unique wallets, and explain any interesting findings

Methodology

To identify the deposits and withdrawals made on bend dao, i used the ez_token_transfers table. all eth deposited is routed through bend contract .

0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2. The function 0x36118b52 relates to withdraw while 0x58c22be7 refers to deposit.

We analyse the trend for the past 1 month

Analysis

Conclusion

1. We see that the activity increased on august 21 2022. This could be because of the reports claiming low liquidity.
2. Amount deposited increased post august 23, because low liquidity meant high deposit interest rate.