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
Analyze, check @dropsnft and see why lending #NFTs as collateral is the future of finances
You could burn your #NFTs ...turn them to ashes! Or you could use them as collateral on @dropsnft