Collateralized NFTs At Risk Of Liquidation

Published on: August 18th, 2022

Since August 14, BendDAO has liquidated 12 NFTs collateralized for ETH loans. More such liquidations could be around the corner, if floor prices for bluechip NFTs keep going down. Currently, 1,028 NFTs that are worth 30,641 ETH are deposited as collateral on the platform. Out of these, 320 are considered to have risky health scores. This equates to 48% of BAYCs collateralized, 31% of MAYCs, 16% of Azukis, 42% of CloneXs, and 32% of Doodles.


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