Blur Launches NFT Peer-to-Peer Lending Protocol
The protocol is called Blend, which is short for Blur Lending.
With Blend, NFT holders will be able to borrow ETH for new purchases without having to sell. This will help users maximize the liquidity of their NFTs.
The main advantages of Blend:
• P2P lending, that is, full decentralization;
• Perpetual lending. The loan has no term, only a point of liquidation;
• Blend automatically extends the loan position until the lender is ready to provide the amount secured;
• The borrower can repay the debt at any time;
• The lender can withdraw from the positions through a Dutch auction. If the auction fails, the borrower is liquidated, and the lender receives the collateral in his own hands.
Blur has held its place as the leading NFT trading platform for the past few months.
