Uniswap in talks with 7 lending protocols to ‘build NFT financialization’

Decentralized speech Uniswap is successful talks with 7 NFT lending protocols, according to a tweet from its caput of NFT merchandise Scott Lewis.

uniswap is the interface for each nft liquidity.

we are present successful talks with 7 nft lending protocols. we volition beryllium moving with each 1 to lick for liquidity fragmentation and accusation asymmetry. this is the archetypal measurement to gathering nft financialization.

— Scott (@Scott_eth) August 23, 2022

According to Lewis, Uniswap would enactment with each lending protocol to “solve for liquidity fragmentation and accusation asymmetry.” He added, “this is the archetypal measurement to gathering NFT financialization.”

Lewis did not uncover which lending protocols are successful discussions with Uniswap.

Community receptive to the idea

The NFT assemblage has welcomed quality of Uniswap’s increasing involvement successful the scene.

There is so a precise superior accusation asymmetry, and users request a much concise enactment method to enactment successful the liquidation and auction of NFT assets.

— Shier (@shier_eth) August 23, 2022

According to Shier, the assemblage “needs a much concise enactment method to enactment successful the liquidation and auction of NFT assets.”

Let's chat, Scott!

— Unlockd (@Unlockd_Finance) August 23, 2022

Several NFT platforms similar Unlockd_Finance, Liquid NFTs, Fuku, and others besides expressed involvement successful participating successful the talks with Uniswap.

Uniswap and NFTs

Uniswap has shown involvement successful the NFT country with immoderate acquisitions and integration.

The DEX precocious announced the integration of Sudoswap, a decentralized NFT marketplace, to its level to let for businesslike NFT swaps.

We'll beryllium launching NFTs connected Uniswap with afloat @sudoswap support. Pool information flowing in pic.twitter.com/nsRt9Cp1Ss

— Scott (@Scott_eth) July 22, 2022

Sudoswap already incorporates immoderate of the features of decentralized exchanges, specified arsenic swapping and automated marketplace shaper for NFTs.

Uniswap besides acquired Genie, an NFT marketplace aggregator. According to its announcement, its Genie acquisition is geared towards “making Uniswap a broad level for users and builders successful web3.”

DappRadar wrote that Uniswap’s determination into NFTs “could usher successful a caller benignant of NFT that does not lone trust connected rarity factors and exclusivity but existent fiscal utility.”

NFT lending nether the spotlight

NFTs lending services person been nether the spotlight successful caller weeks arsenic fears of liquidation situation blue-chip NFTs connected BendDAO.

According to disposable information, astir $55 cardinal could beryllium wiped disconnected the market.

BIP#9 has passed the quorum with 97% approval.

Thanks for the assemblage support!

BIP#10 is projected to set the implementation program of Liquidation Threshold & Auction Duration considering the suggestions collected from the BendDAO forum.https://t.co/Op5x8kt7uJ

— BendDAO.eth (@BendDAO) August 23, 2022

Meanwhile, BendDAO has passed an exigency connection to spot its collateral liquidation threshold driblet to 70% from 85%. The connection besides shortens the auction play from 48 hours to 4 hours.

The station Uniswap successful talks with 7 lending protocols to ‘build NFT financialization’ appeared archetypal connected CryptoSlate.