Blur is about to launch the peer-to-peer perpetual lending protocol Blend, using NFTs as collateral
ChainCatcher news, the NFT trading platform Blur officially announced that it will launch a peer-to-peer perpetual lending protocol called Blend, using NFTs as collateral, within 1-2 hours.
Blend has no oracle dependencies and no expiration date, allowing borrowing positions to remain open indefinitely until liquidation, with interest rates determined by the market.
The fees for borrowers and lenders on Blend are 0. Similar to the Blur marketplace, Blend fees are controlled by BLUR Token holders, who can decide whether to start charging fees after 180 days. (Source link)
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
