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Paradigm and Blur Developers Unveil Blend, a Peer-to-Peer NFT Lending Protocol

On Monday, the NFT marketplace Blur unveiled a peer-to-peer lending platform dedicated to NFTs.

Unlike other lending platform NFT, this platform operates without expirations and external price oracles.

Dan Robinson, a lawyer and researcher at crypto investment firm Paradigm,

introduced the new lending platform on Twitter and in a NFT detailed whitepaper.

Robinson, who is also one of the primary supporters of the project, Paradigm and Blur Developers Unveil Blend, a Peer-to-Peer NFT Lending Protocol

stated that the platform “supports arbitrary collateral, has no oracles, and has no expirations Peer-to-Peer NFT.”

Robinson, who is also one of the primary supporters of the project, Paradigm and Blur Developers Unveil Blend, a Peer-to-Peer NFT Lending Protocol

Unlike other lending platform NFT, this platform operates without expirations and external price oracles.

The newly launched Blend lending platform, as described in the whitepaper by Dan Robinson, a lawyer

Paradigm and Blur Developers Unveil Blend, a Peer-to-Peer NFT Lending Protocol and researcher at crypto investment firm Paradigm, operates differently from other lending platforms by

allowing borrowing positions to remain open indefinitely with interest rates based on market demand.

The platform matches borrowers who want to use their non-fungible

tokens (NFTs) as collateral with lenders who offer the most competitive rates using an off-chain offer protocol.

Blend loans come with fixed interest rates and do not expire by default. This sets Blend apart from traditional lending protocols that rely on external price oracles and expiration dates Peer-to-Peer NFT.

This provides a level of flexibility for borrowers and lenders while reducing

the risks associated with lending and borrowing in the NFT space.

Unlocking NFT Liquidity

Peer-to-Peer NFT The description by Dan Robinson aligns with the statement made by the Blur team

on Twitter, where they referred to the new platform as a means to unlock the liquidity of NFTs.

The team elaborated on their Twitter thread that purchasing NFTs presents

the same challenge as buying a house, as most buyers cannot afford to pay the full price

upfront for a top NFT collection.

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