X2Y2 platform completes its first peer-to-peer loan transaction for BAYC

ChainCatcher news, the NFT trading market x2y2.io has completed its first peer-to-peer loan transaction for BAYC. The holder of BYAC #2846 has borrowed 51.06 wETH by collateralizing their NFT asset, with a loan period of 14 days.

It is reported that X2Y2 officially launched the peer-to-peer NFT loan feature on October 9, allowing users to collateralize loans with NFTs from whitelisted projects. Loans can be priced differently based on rarity. As of now, the total loan amount on the platform has exceeded 100 ETH.