DeltaHub Capital Invested in Strip Finance
The NFT market place is nowadays a multi million dollar business attracting artists, creators, collectors, and technology enthusiasts beyond the traditional crypto space. One of the challenges in the NFT space is the lack of formalized liquidity with technologies such as collateralized assets. Strip Finance is a new project comprised of highly experienced teams that aims to solve this problem by creating protocols for collateralized NFTs and Defi liquidity initially launching on Binance Smart Chain.
DeltaHub Capital is excited to be an early investor in Strip Finance by participating in the private sale round and we hope that Strip Finance will deliver the most wanted solution in NFT and Defi space.
In the following we will give an overview on Strip Finance and the solutions they are developing.
The Strip Finance decentralized NFT marketplace is targets easing liquidity in NFT and DeFi. In particular Strip Finance enables NFT owners to borrow against their assets as collateral with fair interest rates. Furthermore, the platform will have a mechanism for mitigating risk by analyzing in advance — with their LTV and liquidation threshold. Initially the platform will support Rarible and AtomicHub. Particularly four main aspects of the market place are summarized as follows:
- auction based market : sellers have opportunity to select highest bidder from a pool of interested buyers.
- obligation free : buyers have no obligation.
- collateralized assets : risk is minimized since assets are 100% collateralized.
- a peer to peer open market place to lend/borrow against an NFT as collateral.
Strip token Utility
The STRIP FInance platform native token has multiple utilities which are summarized below. Interested users can consult the documentation or contact the team and community in the linked referenced at the end of the article.
Borrowing and lending enables users to synthetically borrow and lend target asset by minting, holding and trading STRIP token. Leverage — Users can get additional leverage by trading STRIP tokens for more of the collateral asset. Platform Charges — STRIP token is the native platform token used for executions such as bidding, commission payment etc. Maturity Instrument — Users fixed rate STRIP positions are rolled into floating rate debt at maturity. The Strip token also servers as DAO Governance which enables holders to have rights to propose, vote, and manage governance.
Strip Finance Official Communication Channels:
Website : https://www.strip.finance/
GitHub : https://github.com/strip-finance
Twitter : twitter.com/StripFinance
Documentation : https://docs.strip.finance/
Stay tuned to more updates through the DeltaHub Capital channels
Website | Twitter | Medium | Discord | Telegram | Rarible | Opensea |
About DeltaHub Capital
DeltaHub Capital is a vibrant and active community which plays an important role in the crypto world. A tokenized decentralized Venture Capitalist (dVC) Pioneer of Community Governance Economic Model (C-GEM) and a battleground for gem hunting backed and supported by us!
