Polybasic LP-Pool Lending Protocol: A New Paradigm for NFT Loan
In the past few months, Polybasic has developed a new feature to accommodate the real needs in the NFT market. Now we are glad that the LP-Pool Lending Protocol is finally going to be released soon!
What is the LP-Pool?
In general, the NFT LP-Pool loan protocol allows the NFT project party to deploy a pool and freely set the terms of the loans, such as LTV, loan period, Max borrowing amount, etc. All loan terms should be voted on by the project’s community to ensure fairness.
There are a few differences between the Peer-to-Pool model and LP-Pool. The Peer-to-Pool products tend to support blue-chips that less volatility than non bule-chips, in other words, it is more stable in the market. It also means those NFTs, such as brand-new, creative, or highly-potential projects, which have no place to get a financial liquidity support. What Polybasic gonna do is to connect these projects and assist them to have their own liquidity pool.
Why chooses Polybasic?
This has several benefits for the project’s development. First, as mentioned earlier, we want to partner with potential projects by providing a financial tool to let them deploy a loan pool and provide external liquidity. At the same time, projects will receive additional traffic and share in the external partnership resources of the Polybasic platform.
For users, this is a great opportunity to participate in your favorite NFT program in a variety of ways, and if you pledge your NFT to the pool, you are buying a future call option. In addition, In addition, if the price falls, you can let NFT liquidate without having to sell in the secondary market. Also you can earn yield by depositing fungible tokens in the existed NFT pools.
Polybasic is determined to build a non-custodial, NFT-backed lending platform that supports highly-potential NFT projects to gain liquidity while maximizing the security of user assets.
About Polybasic：
Polybasic is a web3 NFT lending platform that strives to facilitate liquidity of NFT and Metaverse assets. It aggregated Peer-to-Peer and LP-Pool models, providing NFT lending service to fulfill different needs of nftfi users.
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