in 0xngmi, borrowing, Cryptocurrencies, Lending, NFTs

DefiLlama founder moves to NFT lending to tackle liquidity constraints

by Repost Admin October 10, 2022, 5:51 pm 1000 Views

The anonymous creator, 0xngmi, has developed a new protocol allowing users to become liquidity providers for their nonfungible token collections.

According to a recent Twitter post by 0xngmi, the anonymous creator of decentralized finance (DeFi) project aggregator DefiLlama, the smart contract code for a novel nonfungible tokens (NFT) borrowing and lending protocol dubbed “LlamaLend” is near completion. The protocol aims to solve the problem of NFT holders needing to obtain liquidity when holding their digital collectibles and primarily targets small NFT collections.

The project’s LlamaLend GitHub page explains: “If a holder needs liquid money