BCKNFT #
Name
Bound Finance NFT
Contract Address
Token ID
56
Token Standard
ERC-721
Description
Bound Finance NFT is the one and only NFT from the Bound Finance Protocol.
The benefits are:
1) Currently in order to use the cashback app you don't need to stake anything, you just sign up and you'll be given a default spending limit for getting cashback on your purchases.
2) To increase the spending limit compared to the default, users can stake BCKGOV. However Bound Finance NFT holders can increase this spending limit without BCKGOV (it will be an increase less than staking BCKGOV but you still get a boost compared to the default rate).
3) Bound Finance NFT holders can liquidate and get liquidation reward without the need to hold BCKGOV like everyone else.
4) Bound Finance NFT holders will also get a share of protocol profits. BCKGov holders and NFT holders will get a 70:30 split share of protocol profits given to the community
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