Blur and Paradigm Collaborate to Launch Blender: NFT Perpetual Lending Protocol
The platform aims to reshape the non-fungible token market by providing long-term financing solutions, enabling users to leverage their NFTs as collateral and ultimately enhancing liquidity within the NFT ecosystem. Blender, designed by Paradigm, offers a unique approach to collateralized lending by creating a secure and sustainable platform for NFT holders to borrow against their digital assets. As a decentralized finance solution, Blender bridges the gap between traditional finance and the ever-expanding digital art and collectibles market.
Blender's perpetual lending protocol offers a variety of features that cater to the needs of NFT holders. By providing a pool-based lending mechanism, borrowers can access funds at a fixed interest rate, while lenders can earn yield on their capital. The platform also incorporates a native governance token, $BLEND, which allows the community to participate in protocol governance and make decisions about future developments.
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