NFT DeFi: Lend And Borrow eGold And Other Elrond Network Asset | ElrondNetwork - Announcements

NFT DeFi: Lend And Borrow eGold And Other Elrond Network Assets Using Non-Fungible Tokens Collateral Via Stater

We have started a collaboration with Stater, a lending and borrowing platform that enables using NFTs as collateral. Stater smart contracts handle the entire process, from facilitating loans to acting as escrow and executing bad loans.

“We are firm believers that NFTs will play an important role in creating new mechanisms for value creation, capture, and retention, in business verticals that go beyond art and entertainment. We are happy to work with Stater and enable anyone to tap into the value of NFTs issued on Elrond and pursue new DeFi opportunities.” said Beniamin Mincu, Elrond Network CEO.

Read more: https://elrond.com/blog/elrond-nft-lending-borrowing-stater

Retweet: https://twitter.com/beniaminmincu/status/1402268075207053313