PaddleFi Launches The First NFT Money Market on Berachain
The post PaddleFi Launches The First NFT Money Market on Berachain appeared on BitcoinEthereumNews.com. Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. Paddle Finance, the multi-asset DeFi protocol for bespoke assets, has introduced NFT Money Market, an innovative NFT lending system designed to provide scalable, secure, and capital-efficient liquidity. This launch is paired with a strategic integration with bitsCrunch, a leading provider of NFT analytics and pricing infrastructure. Together, the partnership enables a more intelligent and transparent NFT lending experience on the Berachain network. What Is NFT Money Market? NFT Money Market is a market-specific lending model that allows NFT holders to secure instant liquidity by borrowing against their assets through isolated pools. Unlike traditional peer-to-peer lending, where loan terms are matched manually, the NFT Money Market’s Peer-To-Pool enables users to interact with automated liquidity pools tailored to individual NFT collections and settlement tokens. Each pool is uniquely configured based on: Accepted Collateral: Only specific NFT collections are permitted in each pool. Collateral Factor: Defines the borrowing power of the NFT based on its risk profile. Interest Rate Model: Custom curves for each market based on utilization. This model significantly reduces systemic risk. Because each pool is isolated by both asset and collateral type, risk remains contained within that market, even if other pools experience high volatility or liquidation events. How It Works: Designed for Control and Speed NFT holders can deposit their assets into PaddleFi’s vault system and borrow funds almost instantly, as long as their loan terms remain within the allowed thresholds. Lenders, on the other hand, contribute capital to specific NFT markets they trust and receive iTokens (interest-bearing tokens) that represent their share in the pool and accrue yield over…
The post PaddleFi Launches The First NFT Money Market on Berachain appeared on BitcoinEthereumNews.com.
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. Paddle Finance, the multi-asset DeFi protocol for bespoke assets, has introduced NFT Money Market, an innovative NFT lending system designed to provide scalable, secure, and capital-efficient liquidity. This launch is paired with a strategic integration with bitsCrunch, a leading provider of NFT analytics and pricing infrastructure. Together, the partnership enables a more intelligent and transparent NFT lending experience on the Berachain network. What Is NFT Money Market? NFT Money Market is a market-specific lending model that allows NFT holders to secure instant liquidity by borrowing against their assets through isolated pools. Unlike traditional peer-to-peer lending, where loan terms are matched manually, the NFT Money Market’s Peer-To-Pool enables users to interact with automated liquidity pools tailored to individual NFT collections and settlement tokens. Each pool is uniquely configured based on: Accepted Collateral: Only specific NFT collections are permitted in each pool. Collateral Factor: Defines the borrowing power of the NFT based on its risk profile. Interest Rate Model: Custom curves for each market based on utilization. This model significantly reduces systemic risk. Because each pool is isolated by both asset and collateral type, risk remains contained within that market, even if other pools experience high volatility or liquidation events. How It Works: Designed for Control and Speed NFT holders can deposit their assets into PaddleFi’s vault system and borrow funds almost instantly, as long as their loan terms remain within the allowed thresholds. Lenders, on the other hand, contribute capital to specific NFT markets they trust and receive iTokens (interest-bearing tokens) that represent their share in the pool and accrue yield over…
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