Bend Dao Test Tutorial
March 16th, 2022

Bend is a decentralized non-custodial NFT-backed borrowing and lending protocol where users can participate as depositors or borrowers. Depositors provide ETH liquidity to the lending pool to earn interest, while borrowers are able to borrow ETH through lending pool using NFTs as collateral instantly.

Bend Token will be launched in a fair way, neither private sale nor public sale. 5% of total supply of Bend tokens will be distributed to the NFT community and 100 lucky boundNFT OGs will be announced on Bend Discord.

The test was conducted on Rinkeby test net. Those don't have test tokens can fetch some through https://faucets.chain.link/rinkeby or https://rinkebyfaucet.com/

1. Open https://www.benddao.xyz/app/dashboard, connect to Wallet and get NFT

2. Select NFT collection, input a random Token ID Number and Mint NFT, input another random number if previous is existing.

3. Click Borrow, select collateral NFT and approve, MAX the Amount and approve.

4. Click Deposit, input the Amount and proceed.

5. Click Dashboard - Reserves - Withdraw (50% recommended)

6. Click Dashboard - Borrows - Repay

7. Approve Gas fee, this is gonna take a while, refresh the webpage in 3 - 5 minutes, it will show up, check Repay all and proceed.

8. You can try to do Liquidate (Optional)

9. Go to official Discord https://discord.gg/axUQjqqtwY, Connect Wallet in #collabland - join channel, chat in any channel to check if your handle turns from green to yellow.

10. Complete the gleem: https://giv.gg/r/Ox1XY6-k1z6MY

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