USA - September 5, 2022 —
NFTY Finance is a brand new NFT-DeFi platform that facilitates the instant capture of liquidity from NFT assets without the need to sell them and provides lenders with a new way to generate income by lending out their stablecoins with minimal risk. The primary goal of NFTY Finance is to provide NFT collectors with a genuine, one-of-a-kind platform where lenders, borrowers, and NFT collections all benefit. Important components of this soon-to-be-released hybrid NFT and DeFi platform include the ability to borrow and lend money and the utility of the NFTY token.
The lack of liquidity for NFTs is a major problem for NFT owners. It is common knowledge that NFTs are iliquid by nature, but NFTY Finance has developed a solution: a lending platform where NFT holders can secure collateralized loans against their NFT holdings in exchange for stablecoins. An individual can quickly and easily open an account on NFTY Finance by linking a wallet containing the necessary NFT for loan issuance. The holder of an NFT can then conduct a search on the NFTY Finance platform to locate a "Liquidity Shop" that meets their criteria. Borrowers must have 1% of the total loan amount in the NFTY token provided in order to obtain a loan from the lender's liquidity shop.
NFTY Finance “Liquidity Shops” are special in that just one contributor owns them. This permits organizations with capital to act as sole lenders, with complete control over where their money is lent. Anyone who meets the capital requirements is eligible to open a liquidity shop. The liquidity shop owners can set up a shop name, deposit funds, and begin collecting offers from borrowers wishing to get loans within minutes of signing up. Liquidity Shops are fully customizable by the shop owners, meaning the owner can set the loan interest rates, NFT collection requirements, how much users can borrow based on NFT collection floor prices (from 1% of the floor - 40% of the floor), and more!
NFTY Finance's primary platform fee, known as the "Loan Origination Fee," is where the NFTY token will be used. The 1% loan origination fee that will be charged on behalf of the lender will be settled entirely in NFTY tokens when a borrower takes out a loan. The NFTY ecosystem will receive 30% of this 1% loan origination fee, the lender will receive 60% of this 1% loan origination fee upon loan issuance, and the borrower will receive 10% of this 1% loan origination fee upon successful repayment of the loan. If a borrower defaults on a loan, NFTY will keep the 10%.
NFTY Finance represents a welcome development for the NFT and DeFi industries within the Web3 ecosystem. Creating additional value and providing institutions with a risk-free way to engage in a Web3 pawn shop experience are two primary goals of NFTY Finance. These goals are especially important in the NFT sector, where liquidity is often limited. Stay tuned for the mainnet release of NFTY Finance.
Contact Info:
Name: NFTY Finance
Email: Send Email
Organization: NFTY Finance
Website: https://www.nfty.finance/
Release ID: 89081169
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