MicahDomains
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Someone Borrowed $1.3M in Ethereum Using Mutant Ape NFTs as Collateral.
DeFi lending was already big business, but a quickly growing niche is borrowing against valuable NFTs and using them as collateral for loans. One thing I'm curious about is how stable the collateral is when price/value of NFT can be volatile.
I picked up NFTloan.ca and NFTloans.ca.
Longer hold, but certainly may be of interest to those companies in the finance and startup defi space.
DeFi lending was already big business, but a quickly growing niche is borrowing against valuable NFTs and using them as collateral for loans. One thing I'm curious about is how stable the collateral is when price/value of NFT can be volatile.
I picked up NFTloan.ca and NFTloans.ca.
Longer hold, but certainly may be of interest to those companies in the finance and startup defi space.
