NFT’s role in the DeFi Market
Apr 29, 2021
NFT helps to expand the collateral market in DeFi. The lending platform as DeFi always requires collaterals as cryptocurrencies. Today, with the advent of NFT, the other assets can be used as collaterals instead of cryptocurrency.
For example an art-work or real estate can be tokened in a NFT format and used as collateral when joining Defi.
Even when the NFT use value can exceed a collateral. It can be the representative for more complex financial products such as insurance, bonds or options.
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