DeFi Debtors Use Luxurious Watched NFTs as Mortgage Collateral

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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

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