NFT Loan Platforms Offer New Features and $1.2M Refinancing Options

Platforms like Arcade_xyz are offering solutions for NFT holders who need cash without selling their assets by using NFTs as collateral. If the loan isn't repaid, the lender takes ownership of the NFT. In the Weekly Refinances Recap, GONDI has reported that lenders refinanced $1.2 million in loans last week, with an average of $77,000 per loan, lowering APRs and saving borrowers on interest. Additionally, GONDI V3 now allows collection loan offers for both new and active NFT loans, providing borrowers with more options and enabling lenders to deploy capital faster. The Aave app has introduced a new feature allowing users to repay loans with collateral.