@dropsnft - get $USDC for staking idle #NFTs! Get more leverage out if your assets! π β¬ #CryptoNews
@CRE8RDAO #pvmihalache
How @dropsnft can help?
π You can borrow agains NFT related assets and supply #NFTs as collateral to earn additional yieldπ°
π Use #NFTs as collateral in the NFT Lending Pools to obtain trustless loansπΈ
π Earn with idle assets by supplying stablecoins for attractive APYsπ
I have 2300 #NFTs across @WAX_io @opensea and @poapxyz but not many have utility. @dropsnft brings DeFi-style infrastructure to NFTs, adding much-needed utility to idle NFT assets. The unique infrastructure is the concept that will spark the rise of financial NFTs β¨
Lending Pools Mechanics π€
π Anyone can create an NFT Lending Pool. Certain vales such as accepted NFTs and borrowing value
π Users will supply liquidity to NFT lending pools and back assets π¨
π Collectors will supply NFT with stablecoins and get matched with the best rates
@ArtistByron has @CRE8RDAO in his mind! @dropsnft π₯ π
You can't burn a #FireDog #NFT but maybe you can use it on @dropsnft as collateral for #DeFi
@ArtistByron @CRE8RDAO
Drops.co - Using NFTs as collateral for DeFi loans π° PVM's view about @dropsnft collated in a funny @publish0x article π€£
publish0x.com/mind-puzzle/drβ¦
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