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_ @JPEGd_69 $JPEG
A MEGA Threadoooor 🧵 highlighting my thoughts and research on the upcoming JPEG'd protocol. The protocol that likely needs no introduction, lead by the whale himself @Tetranode 🐳
A MEGA Threadoooor 🧵 highlighting my thoughts and research on the upcoming JPEG'd protocol. The protocol that likely needs no introduction, lead by the whale himself @Tetranode 🐳
1/ What is JPEG'd?
With first mover advantage in the space, JPEGd is a decentralised lending platform enabling borrowers to use their NFT's as the collateral for their loan. Truly bridging the gap between NFTs and DeFi.
With first mover advantage in the space, JPEGd is a decentralised lending platform enabling borrowers to use their NFT's as the collateral for their loan. Truly bridging the gap between NFTs and DeFi.
2/ With liquidity being one of the most important aspects of every market and asset, it seems a natural progression for DeFi to tap in to the illiquid nature of NFTs, allowing investors to further leverage their assets whilst maintaining ownership for long term appreciation.
