Welcome to NEND

NEND Introduction

NEND is a cross-chain defi (decentralised finance) protocol enabling trading of NFTs (Non-fungible tokens) and for participants in the ecosystem to be able to lend and borrow against the value of these new digital assets.

For lending, lenders can leverage up to 3x of their own assets to loan out by drawing from the lending pool in order that they receive more interest than they can earn on their own lending amount.

NEND lending pool allows the lenders to give leveraged loans to the borrowers. For regular Defi investors, NEND lending pool works as a reserve pool which returns sweet staking rewards in NEND token for staking ETH, MATIC, SOL, AVAX, BNB, Pynths, and stable coins. The assets accumulated in the pool from staking are then utilized for leveraged NFT-backed lending.

NEND platform, furthermore, expands its ecosystem into a secondary market where participants get a chance of refinancing their illiquid assets by trading asset-backed deeds, notes or bonds.

This is something that does not currently exist in the NFT space and represents a huge opportunity to be a first mover in the fast-developing NFT space.

Governance for the platform, the lending, and sales processes are managed via the DAO (Decentralized Autonomous Organization) with incentives for all participants in the ecosystem to benefit from.

We believe interoperability across protocols is essential. For that reason, we will seek to ensure cross chain is built into the foundations of the platform from day 1 and will be a key principle for future decision making and development.

Starting with Avalanche, Polygon, ETH, Solana and BSC, the platform is on multichain networks.

DAO voting including the Curation process are processed on cross-chain.

Buying and Selling are processed on cross-chain.

Please stay tuned for more information and further updates.