Strip Finance is solving the existing liquidity gap in the non-fungible token (NFT) space by providing a collateralized NFT lending and borrowing platform on BSC. Thus, it provides a gateway to get attractive yields while letting owners borrow on their assets.
It provides NFT owners direct access to untapped liquidity by letting them borrow supported currencies without selling them off, giving them the power to enhance their NFT collection while being true owners of their collateralized assets. On the other hand, lenders receive satisfactory yields along with a chance of acquiring defaulted NFTs at discounted prices.
Strip Finance also plans to offer projects requiring liquidation of their recently launched tokens a capital by collateralizing project tokens so that they don’t have to sell a significant portion of the total supply. It considerably benefits communities as there will not be extra tokens in circulation, maintaining the token price at satisfactory levels.
They will be leveraging this partnership in various ways — including but not limited to:
- Strengthen their communities and offer NFT owners a platform for borrowing stablecoins in a decentralized manner
- Spread our vision and grow the BlockPad ecosystem by projects introduced by Strip Finance
- Introduce early-stage projects a collateralized borrowing in order to maintain token circulation and token price over exchanges
- Support NFT owners by solving their liquidation issues
The BlockPad team is excited to support innovative approaches brought by Strip Finance in the crypto space. They look forward to the foreseeable future with the utmost confidence and progress of the partnership.
About BlockPad
The BlockPad is a multichain network of decentralized applications that acts as a gateway to the Web 3.0 ecosystem. It predominantly solves the issue of investor confidence in Decentralized Finance (DeFi) by providing a suite of decentralized and intuitive products with compatibility of multiple blockchains.
📰 INFO
https://theblockpad.medium.com/announcing-strategic-partnership-with-strip-finance-70f84fb3b6bb
