The week in crypto: BendDAO avoids bank run, X2Y2 removes royalty payments, hawkish FED tanks markets (Aug 29, 2022)

an Azuki NFT on sale on opensea.io

BendDAO: the bank run that wasn’t (yet)

Last week I wrote briefly about concerning news from BendDAO, a protocol that allows users to borrow ETH using their “blue chip” NFTs as collateral (think Bored Ape Yacht Club, CloneX, Azuki, etc…). In…