Bluechip NFT Eligibility Requirements

Background

Bend DAO supports NFT-backed loans that enable NFT holders to borrow ETH by using NFT as collateral. Currently, BAYC, CryptoPunks, MAYC, Azuki, Clone X, and Doodles are supported as collateral on Bend DAO.

Proposal

This proposal is to set up the bluechip NFT eligibility requirements through governance. When an NFT collection meets these requirements, it will be considered a potential bluechip NFT. And then DAO members can propose adding new bluechip NFTs as collateral on Bend DAO.

The following are the suggested eligibility requirements.

1. The floor price is over a certain amount of ETH;
2. The market cap is bigger than Floor Price * 10,000;
3. The number of items is bigger than 5,000;
4. The number of owners is bigger than 1,000;
5. The all-time Trading Volume on OpenSea is more than a certain volume of ETH;
6. The collection has been deployed for more than a certain number of days;

NFT Collections	Floor Price	All-time Trading Volume on OpenSea	Deployed
BAYC	138.5 ETH	506K ETH	367 days
CryptoPunks	60 ETH	894K ETH	1766 days
MAYC	38.45 ETH	336K ETH	238 days
Azuki	24.5 ETH	187K ETH	104 days
Clone X	16.95 ETH	178K ETH	133 days
Doodles	14.9 ETH	106K ETH	190 days
====	====	====	====
Risk Level 1	10 ETH	50K ETH	30 days
Risk Level 2	15 ETH	80K ETH	90 days
Risk Level 3	20 ETH	100K ETH	180 days

Specification

All BEND stakers are members of Bend DAO. Voting Quorum: 15M veBEND (around 20% of the veBEND current supply) Pass Rate: Over 80% Approve. The voting will last for 7 days.

Airdrop & Staking

Claim your BEND: https://benddao.xyz Stake BEND for the voting power: https://benddao.xyz/app/dashboard/vebend-locking