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What our analysts are rambling about 🔍
Looking at LlamaLend
From the minds behind DeFiLlama, LlamaLend is a new NFTFi protocol which will allow users to borrow ETH using their NFTs as collateral.
When users borrow ETH, they will only pay a fixed rate only for the duration of that they borrowed. There's no liquidations too, you just have to pay it back before your loan expires.
We might be in the depths of the bear market, but that hasn't stopped innovation in the DeFi sector. dAMM Finance, a money market protocol is set to launch in the coming days.
What sets it apart from others is that it allows access to under-collateralized loans for borrowers, and also allows lenders to lend a large pool of assets. There are set to be about 200 assets available for lending at launch. Meanwhile, interest rates will be determined by supply and demand.
dAMM is currently running a liquidity mining program, whereby liquidity providers will receive dAMM tokens at launch. This program is set to end on 31 October.
Remember to claim your Arbitrum Odyssey NFT!
Here's a gentle reminder to claim your Week 1 Arbitrum Odyssey NFT, if you haven't already. The claim period will end in two days, on the 31st October 2022.
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Win Win is an avid gamer, interested in navigating the vast world of NFTs and the cryptoverse. Follow the author on Twitter @0x5uff3r