A new NFT-finance innovation from Wasabi Protocol and Arcade_xyz allows users to take loans against fractions of NFTs, such as Pudgy Penguins. One user had 487,000 Pudgy utokens (uPPG), equivalent to 48.7% of a Pudgy (or 8.77 ETH). Metastreetxyz is offering NFTfi for doodles, with users able to borrow and lend against doodles, including a loan of 1.7 pxETH at 25% APR against a pickle. Redactedcartel has launched a Doods pool on Metastreetxyz, enabling users to lend their pxETH to earn yield or use their doodles as collateral for a pxETH loan.
Two @doodles loans in two days on @metastreetxyz!!!!! This time, @pokgairay borrowed 1.7 pxETH at 25% APR against this pickle. Exciting to see @redactedcartel getting into the NFTfi mix by launching a Doods pool on @metastreetxyz! pxETH holders are getting up to 33% lending to⦠https://t.co/ISAScRPWl2
Thanks to @metastreetxyz, you don't have to let your @doodles NFT sit idle. Users can now lend their $pxETH to earn yield, or use their @doodles as collateral to secure a $pxETH loan. https://t.co/7ZFikVhCcf https://t.co/sRlFVAjgUo
The first @doodles loan on @metastreetxyz is live! Check out these juicy yields you can earn by lending to @doodles If you're interested in borrowing or lending to doods hmu or @allneednfts https://t.co/c1t5saH8jZ
Best rate to borrow against Doods period. No one else is building NFTfi for doodles right now except for @metastreetxyz https://t.co/7OtlkIWWuh
our first @doodles loan on @metastreetxyz is live! @etherblaize and I are fostering a home for doods to become liquid again all doodle pfps - DM for the link to the telegram π¨ https://t.co/OxrE22TBrV
This is a really cool NFT-finance innovation from @wasabi_protocol & @Arcade_xyz. A user was able to take a loan against fractions of an NFT (in this case, a Pudgy Penguin). The user had 487,000 Pudgy utokens (uPPG), equivalent to 48.7% of a Pudgy (or 8.77 ETH). They wrapped⦠https://t.co/QqqWzMLAqK