ANNOUNCEMENT! We're excited to share that The Block Pro, a portfolio of research, news and data products in one easy-to-use platform, launches later this month. Reach out to your account manager for more information about products and subscription options.
Pooled lending for illiquid assets remains an unsolved problem in DeFi.
This limitation is particularly apparent in lending markets for NFTs, which generally rely on illiquid peer-to-peer loans.
Backed Protocol’s NFT lending market uses tokenized credit and a perpetuals-style funding rate to create scalable pooled liquidity for NFT-backed loans.
Footnotes
Join The Block Research for exclusive research like this
Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.
