Lenders deposit funds into BendDAO and receive interest payments from borrowers (supply-side fees). BendDAO has other business lines in addition, however this dashboard only tracks the BendDAO lending protocol.

BendDAO is a non-custodial NFT lending protocol built on Ethereum. BendDAO was founded by an anonymous team and launched in 2021.

BEND tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue).

governance

github

twitter

discord

etherscan

website

Lending

BendDAO

# BendDAO Maximum token supply Methodology

## 1. Overview

The BendDAO maximum token supply metric represents the theoretical maximum number of BEND tokens that can ever exist according to the protocol's tokenomics design. This metric answers the question "What is the hard cap on BEND token supply?" and provides a constant reference point of 10 billion tokens for calculating token distribution ratios, market capitalization limits, and supply-based metrics.

## 2. Data sources

This metric relies on protocol-specific configuration data rather than blockchain events:
- **Protocol tokenomics documentation**: The maximum supply limit of 10 billion BEND tokens as defined in BendDAO's token design
- **Token launch parameters**: The official launch date of March 21, 2022, marking when the BEND token became active
- **Smart contract specifications**: The hardcoded maximum supply parameters from the token contract deployment

## 3. Step-by-step calculation

### Component A: Maximum supply configuration
- **Purpose**: Defines the fundamental token supply parameters for BendDAO
- **Logic**: Sets a fixed maximum supply of 10,000,000,000 BEND tokens based on the protocol's tokenomics design. Establishes the token launch timestamp as March 21, 2022 at 00:00:00 UTC, marking the beginning of the token's existence. Configures daily reporting frequency with `timestamp_grain` set to 'day'
- **Key fields**: `timestamp` (launch date), `token_supply_maximum` (10 billion tokens), `timestamp_grain` (daily frequency)

### Final aggregation
- **Combining components**: No aggregation is needed as this is a single hardcoded value
- **Currency conversion**: Not applicable - this metric represents token quantity, not monetary value
- **Time aggregation**: The metric uses a fill-forward strategy, meaning the same maximum supply value (10 billion tokens) is carried forward for every day from the launch date onward
- **Final calculation**: The final metric value is exactly 10,000,000,000 BEND tokens for all dates from March 21, 2022 forward, representing the immutable maximum supply cap defined in BendDAO's tokenomics

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

BendDAOBEND

Maximum token supply

Maximum token supply

Competitive landscape