Series: NFT Aggregators - Gem And Genie Comparison
1/5 Gem and Genie are two of the most popular #NFT aggregator platforms. @geniexyz is the first to launch but recently, their competitor @gemxyz has been acquired by @opensea ⛵️
2/5 Despite the difference in daily transactions of the two platforms, both @gemxyz and @geniexyz manage to keep their statistics increasing everyday 📶.
4/5 Gem daily #USD amount is almost 10 times higher than 💹 @geniexyz . Recently, Genie has cooperated with many well-known #NFTmarketplace like #X2Y2 and this could be the time for #Genie to attract more users🥰
5/5 With all of the dominant numbers, it can be easily seen that @gemxyz has a higher market shares than @geniexyz ✨. But with the recent acquisition from @opensea ⛵️, is it a chance for #Genie to step up in this market?
✨A thread on joining lending/borrowing protocol on @BastionProtocol
1/18
For example, #NEAR has an LTV of 60%, $USDC 85%, $USDT 80%, $ETH 70%. Other assets are also the same but they will have a different LTV (Loan-to-value).
2/18
Keep in mind that LTV is not the profit that you can earn but it is the percentage that you can borrow based on the assets that you have deposited in the Lending platform.
3/18
First, you need to buy $NEAR on any exchanges and withdraw them into your #NEAR Wallet. Since #Aurora EVM uses $ETH as transaction fees so connect your wallet to @finance_ref and swap a few Near to ETH.