BendDAO liquidated and auctioned BAYC for the first time, and the health factor of 20 BAYC on the platform was less than 1.1

On August 19th, NFT mortgage agreement BendDAO first liquidation auction BAYC, number #533, currently no bids. It is understood that the bid must be more than 95% of the NFT floor price. If the lot is not sold, the platform will bear the losses or the borrower will repay the debt in the future. The current BAYC floor price is 69.69 ETH, with a market capitalization of $1.84 billion, down 1.95% in 24 hours. At present, there are 20 BAYC health factors less than 1.1 in BendDAO platform, and 40 BAYC health factors less than or equal to 1.1 in total (when the health factor is less than 1, NFT liquidation auction will be started).