Drops DAO launches Mainnet To Allow Borrowing of NFT-collateralized Loans
The mainnet launch opens up the crypto ecosystem to instant decentralized loans using non-fungible tokens (NFTs), JPEG and metaverse assets as collateral. Drops DAO, a decentralized lending platform, is celebrating the launch of its mainnet, unlocking its ecosystem for users to borrow loans and interact with everything the ecosystem has to offer. Announced Wednesday, the transition to the mainnet will provide users with collateralized loans for NFTs, DeFi assets, and metaverse collections. The launch of the mainnet allows users to lock their assets as collateral, providing the NFT and DeFi....
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Lending and borrowing have become words that are associated with Bitcoin. This is the same with traditional finance where lending and borrowing remain a big part of the ecosystem. However, there has not been an intersection of these three. This has mostly stemmed from the distrust of traditional finance toward bitcoin. The digital asset which remains largely unregulated did not provide the kind of backing tradfi wanted. That is until now. Bitcoin-Backed Loans In Tradfi Investment bank Goldman Sachs has announced the introduction of Bitcoin-backed loans. In what is a first for a major U.S.....
Decentralized finance is a thriving industry, but there is much room for improvement. The lending segment can benefit greatly from under-collateralized loans. Hashstack brings that option to market as its Open Protocol is now on the public testnet. Open Protocol Is A Big Deal As lending is the largest segment in decentralized finance, any improvement […]