Theme: NFT Loan Offer Strategy
- Strategy is to offer loans in WETH or DAI at a low LTV (loan to value ratio)
- If borrower pays back, earn 40%+
- If borrower defaults (fails to payback loan), get the NFT
- Thread on SquiggleDAO’s recent Pipe Squiggle acquisition using this strategy
- https://www.benddao.xyz/app/dashboard/my-nfts
- https://www.nftfi.com/
- Affordable project: https://app.nftfi.com/lend/assets max pain play
- NFT News
- Uniswap in talks with 7 lending protocols to 'build NFT financialization'
- Over $100 million worth of NFTs were stolen in the last year: Elliptic
- NFT exchange SudoRare suffers $800,000 ‘rug pull’ six hours after launch
- FEWOCiOUS Hits Milestone with New All-time High - NFT Plazas
- Art auction house Sotheby’s hires an NFT specialist
- Y Combinator alumni raise $80 million for DAO to back crypto startups | TechCrunch
Image:
https://s.mj.run/VSWU20HwRJY scooby Doo in Andy warhol style - @myth47.eth