Insrt Finance opened The Fractionalized BAYC ShardVault for everyone and prepare to launch Squiggle Vault
WE ARE HAPPY TO ANNOUNCE OUR FIRST EVER MULTI ASSET SHARDVAULT WILL BE LAUNCHING NEXT WEEK!!
3 Squiggles, 1 Vault
March 28th... Be There...
The Fractionalized BAYC ShardVault is now open to EVERYONE
Total Shards: 581
Price per: 0.15eth
We'll be raising 87.15eth this vault and looking to reward all early users later this year
Insrt Finance is a NFTFi protocol that enables users to earn returns from NFT assets, without directly holding the assets.
ShardVaults are Insrt's product that enables users to invest in Bluechip NFTs at a low entry price and receive yield in return. ShardVaults provides exposure to the underlying bluechip NFT collection's spot price movement and earn yield from NFTs.
The BAYC Vault allows users to hold Bored Ape Yacht Club (BAYC) tokens and generate yield over time.
Next week, on March 28th, Insrt Finance will launch the Squiggle Vault, which is the their first multi-asset vault.
Taker Protocol opens NFT Empowerment Program
Taker Protocol provides a marketplace and tools for members to lease NFTs without collateral and lend NFTs without risk. This ultimately enables members to build liquidity pools and access instant liquidity against their NFTs.
Users or projects who are interested can fill out this form:
https://docs.google.com/forms/d/e/1FAIpQLSd1TfTs9P0HW9LDX0SpwecuEkZ4DQhpLfkXNM7UmAKuKEoMwA/viewform
BendDAO enable KODA for borrowing
KODA-backed loan goes live on #BendDAO!
Borrow instant $ETH against your #Otherdeeds with KODA!
#KODA Collateral Ratio/ LTV: 30%
Liquidation Threshold: 80%
BendDAO.xyz
FAQs: docs.benddao.xyz/portal/faq/oth…
Leading NFT lending protocol BendDAO added Koda ( Otherdeed ) as a new collateral for borrowing.
56
Furion prepares to release their testnet V2
Furion is an all-in-one NFT liquidity platform that creates separate & aggregated liquidity pools.
In its testnet V2, users can use leverage NFT lending/borrowing as well as short NFT.
ParaSpace release post mortem for the protocol attack
We alongside @BlockSecTeam have identified the cause of the exploit that occurred earlier on the ParaSpace protocol, and we are relieved to share that all user funds and assets on ParaSpace are safe and secure. No NFTs were compromised and financial losses to the protocol are…1/ There is a flawed logic in borrow() of the ParaProxy contract (0x638a) of @ParaSpace_NFT . The attacker can borrow more tokens as his scaledBalance will be enlarged by depositing into the position of the proxy (0xC5c9), i.e., specifying the _recipient of depositApeCoin().
On 17th March, a hacker tried to launch an attack on ParaSpace - the leading NFT lending platform with over 130m on TVL. The exploit was prevented with the collaboration between the team and BlockSec team with ~2.9k ETH saved.
After this attack, ParaSpace has temporarily paused the platform and will undergo a phased reopening over the next week, prioritizing repayment, supply, liquidation, and then borrowing and withdrawal. The first phase with repay functionality is now live.
First Ordinals Bitcoin collections loan on Arcade
An Emblem user vaulted their Ordinal Punk and borrowed against it using @Arcade_xyz for 32 ETH
Our tooling allows users the ability to access the world's most liquid DeFi and NFT markets through our vaulting services
Get more out of your non-ETH native assets today
There has been an interesting cross-over between Bitcoin NFTs and Ethereum NFTFi happening over the week - a user used Emblem Vault to bring an Ordinal Punks to Ethereum network and used Arcade to borrow against ETH. This is the first Emblem vault collateral on Arcade.
Spice Finance launch Prologue Leverage
At the order of Baron Harkonnen, the lever has been pulled. PROLOGUE LEVERAGE IS LIVE
vaults.spicefi.xyz/v1/leverage
Prologue NFT holders can now get access to Prologue Leverage - whereby users can take a loan with their Prologue NFT and increase leverage all in one transaction.
To do this, Spice Finance introduces Prologue Leverage Vault where yield farmers can deposit funds and satisfy leverage requests from Prologue Holders while earning yield.
Introducing Sodium - Hybrid liquidity NFT lending protocol
Exciting news: @Sodium_fi, the first Hybrid Liquidity lending protocol, is now live!
Sodium is not only bringing an innovative solution for the NFT Liquidity Trilemma but introducing a new lending primitive to power the next-gen of NFT finance.
How? A thread
Sodium is a new hybrid liquidity lending protocol that uses NFTs as collaterals. It offers instant liquidity and fair valuation for efficient loan fullfillment and high LTV ratio through 3 mechanics:
- Advanced Loan matching mechanic putting lender's request on a queue, allow them to offer with isolated terms for valuation & APR. The open loan request APR increases over time, offering efficient price discovery.
- Cross-collection Lending Pools allows lenders to freely create their own multi-collections pool with their own parameters - similar to Rari Capital's Fuse.
- NFT Lending AMM leverages on both Advanced Loan matching and Cross-collection Lending Pools to provides the most efficient liquidity combination to the borrower.
Reservoir now support Polygon
Building on @0xPolygon just got easier
We're excited to announce full Polygon support, now live on Reservoir.
Let's dive in
Reservoir is an NFT marketplace engine, which is essentially a framework that simplifies the NFT market into a comprehensive suite of tools. This grants you the flexibility to harness marketplace functionality and construct cutting-edge NFT applications with ease.
With the latest Polygon support, Reservoir will be able to tap in a thriving NFT ecosystem with big names such as Reddit and MapleStory building on it.
Governance Voting is live on Pine Protocol
Governance voting is now live!
To kickstart the process, the Pine team has uploaded two proposals.
We encourage all stakers & burners of $PINE to participate and share their voice!
Vote here
snapshot.org/#/pineprotocol…
Full guide:
medium.comGovernance is now Live!
As builders in the web3 space, we believe that control over the direction of the platform should be decided in a completely autonomous…
Pine Protocol is a two-sided decentralized, non-custodial protocol that facilitates NFT asset-backed loan transactions between lenders and borrowers. Currently there are 44 active pools in the protocol with TVL of ~250 ETH. Pine token went live in February.
With the latest update, Pine holders can now submit, vote on proposals and have their say on the running of the protocol.
Introducing Protectorate - a protocol that provides deep liquidity for NFTs and NFTFi projects
- .-. .- -. ... -- .. ... ... .. --- -. / .-. . -.-. . .. ...- . -..
The Protectorate exists.
Protectorate.xyz
Protectorate Protocol is a Yield Aggregation and Liquidity Routing Platform that aims to deliver the highest possible yield by investing deposited assets into various strategies across NFTFi Protocols.
Protectorate will be built on top of marketplaces, money markets, NFT AMMs, and other NFTFi Protocols. It will enable collectors to turn their NFTs into productive assets. The protocol will abstract away the complexity of DeFi and make the experience far more seamless. Deposited assets will be automatically invested in various strategies to generate the highest possible yield for users.
- Loading comments...