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TechFlow News — NFT marketplace X2Y2 has launched a peer-to-peer NFT lending feature. Users holding NFTs from whitelisted projects can now borrow ETH by using their NFTs as collateral, unlocking liquidity for their NFT assets. Loans are priced differently based on the rarity of the NFT.
Currently, whitelisted projects include BAYC, Azuki, Doodles, and Otherdeed for Otherside. The platform has completed 10 lending transactions to date.Source
NFT marketplace X2Y2 has launched peer-to-peer NFT lending. Users can borrow ETH by collateralizing NFTs from whitelisted projects, unlocking liquidity for their NFT assets. Loans are priced differently based on NFT rarity.
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