DeFi Debtors Use Luxurious Watched NFTs as Mortgage Collateral

5
272

a Non-Fungible Token (NFT) How do collectors Decentralized Finance (DeFi) The mortgage was secured by a luxurious watch and facilitated by an NFT representing property.

On July eleventh, pseudonymous DeFi challenge advisor CirrusNFT defined How a person was in a position to borrow $35,000 from one other person utilizing an NFT representing a bodily merchandise as collateral for a mortgage.

A Patek Philippe watch used as collateral for a DeFi mortgage. Supply: Arcade.xyz
Neighborhood members sharing their opinions on this difficulty.Supply: Twitter

Learn extra on Cointelegraph

See also  Neon EVM redefines Solana's product class with community extensions

Comments are closed.