2 years ago
The milestone comes conscionable 1 time aft the protocol's motorboat connected May 1.
Own this portion of past
Collect this nonfiction arsenic an NFT
According to information sourced from idiosyncratic @beetle from Dune Dashboard, nonfungible tokens (NFT) marketplace Blur has facilitated 8,820 Ether (ETH), oregon astir $16.37 million, successful loans done its perpetual NFT lending protocol Blend 1 time aft launch. On May 1, Blur introduced Blend arsenic a caller protocol for pledging NFTs for loans, which was developed successful conjunction with task superior steadfast Paradigm.
Together, the Azuki, Wrapped CryptoPunks, and Milady NFT collections correspond the largest collateral, with implicit 8,000 ETH worthy successful marketplace worth pledged. The apical Blur lender, who has issued 58 loans worthy 1,180 ETH, is Taiwanese personage Jeff Huang, besides known arsenic Matchi Big Brother.
A salient fig successful Taiwan's euphony industry, Matchi Big Brother is besides an avid collector of the Bored Ape Yacht Club (BAYC) NFT series. Machi was 1 of the biggest recipients of the Blur token airdrop successful February and reportedly sold 1,010 NFTs wrong 48 hours connected Feb. 25 successful the "largest NFT dump ever."
There are presently 846 progressive loans connected the level astatine the clip of publication, with 8 refinancing events. As a perpetual lending protocol, Blend automatically extends the duration of loans astatine expiry, assuming neither the borrowing nor lending enactment objects. Loans tin besides beryllium refinanced oregon held astatine Dutch Auction successful lawsuit of involvement complaint changes. Protocol developers assertion that Blend charges neither borrowing nor lending fees, but lone interest.
PSA
Blur fees by protocol:
Blur Marketplace: 0% fees for traders
Blur Lending (Blend): 0% fees for borrowers and lenders
Note that borrowers inactive wage involvement connected loans based connected what lenders offer. 100% of that goes to the lender.
Last year, NFT lending protocols fell into disarray aft a crypto carnivore marketplace caused galore collectibles to become illiquid, immoderate of which had nary bids astatine all. One protocol, Bend DAO, had arsenic small arsenic $23,715 to wage backmost lenders astatine the clip aft facilitating much than 15,000 ETH successful loans.
Magazine: Nonfungible Tokens, The Quick Guide
English (US) 