e-Money.com
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e-Money.com

Collateralized NFT & DeFi Liquidity Protocol Strip Finance explores e-Money’s suite of stablecoins

We are pleased to announce that Strip Finance, a collateralized NFT & DeFi liquidity protocol, is exploring e-Money’s European stablecoins and introducing both ecosystems to their respective communities. Strip Finance will explore integrating e-Money’s asset-backed stablecoins onto their platform as a viable currency option against collateralized NFTs. This will also allow the platform to increase its brand awareness and widen its user base, thus accelerating its adoption in the European market.

How it works

NFTs have exploded in the past year but for the most part remain illiquid, thus creating a liquidity challenge in the market. Strip Finance offers a marketplace, that matches borrowers and lenders and allows anyone owning a desirable NFT to use it as collateral to borrow capital. The platform fetches pricing data from various popular NFT marketplaces while providing an additional internal layer of risk control to maintain price authenticity. Hence, via Strip Finance, users of this asset class have access to capital to pursue other opportunities while maintaining ownership of their coveted NFTs.

About Strip Finance

Strip Finance is building a collateralised NFT borrowing and lending platform. The platform’s ability to collateralise NFTs through its liquidity protocol enhances the value proposition for both asset owners and yield-seeking investors.

The idea was conceptualised in response to the global explosion of interest in digital ownership by a team that comprises experienced crypto entrepreneurs, operators, and stalwarts of the crypto industry as advisors and investors.

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About e-Money

e-Money is a blockchain-based payment platform built by Danish fintech e-Money A/S, committed to bringing financial inclusion and helping people around the world to have easy access to digital currencies. Built on Cosmos technology, e-Money supports a range of fiat-stablecoins which are fully backed by bank deposits and government bonds that are also interest bearing. The fidelity and transparency of e-Money stablecoins will be ensured by Ernst & Young providing quarterly Proof of Funds.

e-Money currently supports several European currency-backed stablecoins such as the EEUR, the ECHF, and tokens backed by Scandinavian currencies (ENOK, EDKK, and ESEK). The e-Money ecosystem has a second token, the NGM “Next Generation money” that is a staking token and rewards token. Users can stake NGM to secure the e-Money network.

Unlike most existing stablecoins which aim to maintain a static 1:1 peg with their underlying assets, the value of e-Money’s currency-backed tokens continually shifts in line with the interest accrued on the reserve assets. This means that holders benefit from the interest accrued on their assets while they sit securely in your wallet. The e-Money blockchain supports instant payments at scale and includes a DEX for easy conversion between currencies. e-Money has already integrated with Cosmos Hub, Osmosis and Ethereum and expects to integrate with all major networks moving forward.

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