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(ProNewsReport Editorial):- Singapore, Singapore Jul 23, 2022 (Issuewire.com) – Blue chip NFT floor prices have remained resilient in the recent market downturn, with BAYC maintaining a floor price of over 92 ETH, Cryptopunks at 78 ETH, MAYC at 17 ETH, and Azuki at 9.5 ETH, CLONEX at 9.6, and Doodles at 10.8 ETH at the time of writing. Even as trading volumes and prices for many other NFTs fall by more than 90%, blue chip NFTs prove to be a safe haven. Investment in bluechip NFTs has excluded many investors due to their high prices. If you use all of your capital to buy a BAYC, your liquidity for other investments may suffer. This causes investors to look for cheaper alternatives in the hopes of hitting the next BAYC, but most of the time they end up losing money.
Using Collart’s NFT liquidity protocol, lenders can earn interest by providing ETH liquidity to the lending pool, and borrowers can use NFT as collateral to instantly borrow ETH from the lending pool. Investors can invest in bluechip NFTs and borrow on Collart to access liquidity against the value of their investment. They can even do so with a negative cost of borrowing, thanks to the reward of Collart tokens. Collart has recently seen a surge in demand from bluechip NFT holders seeking liquidity, which is almost a no-brainer given the negative borrowing costs. For lenders, in this uncertain global climate, Collart offers an attractive lending return that is fully collateralized with a bluechip NFT at a low loan-to-valuation ratio of 40%, ensuring that the loan is always fully backed and safe. When users mortgage their NFTs on Collart for lending, Collart uses the NFT floor price from OpenSea as the price feed data for the NFT collateral price to ensure that the loan-to-value ratio does not exceed the threshold. In addition to the attractive real interest rate, lenders receive rewards in Collart tokens, which increases the net interest rate. Collart only accepts the top six accepted bluechip NFTs because their prices are not easily manipulated and have sufficient market liquidity. When users pledge their bluechip NFTs to Collart for a loan, the NFT is deposited into Collart’s NFT pool, and they receive a certificate NFT in exchange. This certificate NFT contains the pledged NFT’s metadata, proving that he is still the owner of the NFT and can use it as their PFP on social media. COLLART is the governance token of Collart’s liquidity protocol. Token holders are beneficial owners of the Collart treasury and can stake in future protocol revenue. Collart token holders can also vote on updates to the accepted blue chip NFTs that Collart accepts as collateral for loans on a regular basis.
(ProNewsReport Editorial):- Singapore, Singapore Jul 23, 2022 (Issuewire.com) – Blue chip NFT floor prices have remained resilient in the recent market downturn, with BAYC maintaining a floor price of over 92 ETH, Cryptopunks at 78 ETH, MAYC at 17 ETH, and Azuki at 9.5 ETH, CLONEX at 9.6, and Doodles at 10.8 ETH at the time of writing. Even as trading volumes and prices for many other NFTs fall by more than 90%, blue chip NFTs prove to be a safe haven. Investment in bluechip NFTs has excluded many investors due to their high prices. If you use all of your capital to buy a BAYC, your liquidity for other investments may suffer. This causes investors to look for cheaper alternatives in the hopes of hitting the next BAYC, but most of the time they end up losing money.
Using Collart’s NFT liquidity protocol, lenders can earn interest by providing ETH liquidity to the lending pool, and borrowers can use NFT as collateral to instantly borrow ETH from the lending pool. Investors can invest in bluechip NFTs and borrow on Collart to access liquidity against the value of their investment. They can even do so with a negative cost of borrowing, thanks to the reward of Collart tokens. Collart has recently seen a surge in demand from bluechip NFT holders seeking liquidity, which is almost a no-brainer given the negative borrowing costs. For lenders, in this uncertain global climate, Collart offers an attractive lending return that is fully collateralized with a bluechip NFT at a low loan-to-valuation ratio of 40%, ensuring that the loan is always fully backed and safe. When users mortgage their NFTs on Collart for lending, Collart uses the NFT floor price from OpenSea as the price feed data for the NFT collateral price to ensure that the loan-to-value ratio does not exceed the threshold. In addition to the attractive real interest rate, lenders receive rewards in Collart tokens, which increases the net interest rate. Collart only accepts the top six accepted bluechip NFTs because their prices are not easily manipulated and have sufficient market liquidity. When users pledge their bluechip NFTs to Collart for a loan, the NFT is deposited into Collart’s NFT pool, and they receive a certificate NFT in exchange. This certificate NFT contains the pledged NFT’s metadata, proving that he is still the owner of the NFT and can use it as their PFP on social media. COLLART is the governance token of Collart’s liquidity protocol. Token holders are beneficial owners of the Collart treasury and can stake in future protocol revenue. Collart token holders can also vote on updates to the accepted blue chip NFTs that Collart accepts as collateral for loans on a regular basis.
http://www.Collart.co
This article was originally published by IssueWire. Read the original article here.
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