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MetaStreet announces Proposed Minting of $10 million of LCTs for CryptoPunks https://t.co/hlkuolHQkY
The pendle <> ethena collab is 🤯 Pendle splits up the principle from the yield They then create a marketplace so that folks can bid on the yield Here's a concrete use case: think perps funding is going to be *lower* than everyone expects? Bid up tokenized sUSDe yield (locks… https://t.co/Y2YJV7AcqC https://t.co/ZRqA2aVtP6
There are (69) Punks in escrow on @gondixyz, and (56) are available to be instantly refinanced by any lender 🥂 Current APR on @cryptopunksnfts range from ~9% APR to ~25% APR, and expected durations ranging from 30 days to 2 years Looking for Punk exposure? Take a look👇🏼 https://t.co/7LoDSI8mKd
The NFT finance sector witnessed a significant milestone as MetaStreet announced a groundbreaking $10 million loan for 60 CryptoPunks, marking the largest NFT loan in history. This loan was financed by over 5,000 lenders across two risk levels, showcasing the growing interest and participation in NFT lending. Additionally, the loan was facilitated using MetaStreet's Liquid Credit Tokens (LCTs), indicating a new phase in NFT finance, often referred to as NFT Finance 2.0. This development not only highlights the increasing liquidity and sophistication in the NFT market but also MetaStreet's role in advancing NFT lending practices, with over $15M of secondary liquidity provided through platforms like CurveFinance and Blast_L2.