NFTfi Leads Koda Refinancing with $82k in Active Loans
NFTfi Leads Koda Refinancing with $82k in Active Loans
馃 Koda Loans Exploding
NFTfi dominates Koda liquidity with 8 successful refinancings and $82k maturing across 52 active loans.
The platform has established itself as the primary lending destination for Yuga Labs assets, including:
- Kodas from Otherside
- Bored Ape Yacht Club (BAYC)
- Mutant Ape Yacht Club
Key metrics:
- 52 total loans currently active
- $82,000 in loan value maturing
- Multiple successful refinancing rounds
NFTfi's position as the go-to platform reflects growing demand for NFT-backed lending in the Yuga Labs ecosystem, providing holders with liquidity options without selling their assets.
8 Kodas successfully refinanced! NFTfi is currently the leading platform for unlocking liquidity on Kodas with $82k maturing across 52 loans. We are a go-to platform for @OthersideMeta and many other @yugalabs assets, including BAYC and Mutants.
NFTfi's Origin Story: From Spreadsheets to Smart Contract Lending Protocol
NFTfi's founder @stephen_yo shares the platform's **origin story** - how it evolved from manual spreadsheet tracking and trust-based transactions into a sophisticated smart contract-powered lending protocol. The journey highlights the transformation of NFT lending from its early, manual days to today's automated, secure infrastructure. **Key evolution points:** - Started with basic spreadsheet management - Relied on trust-based transaction systems - Developed into smart contract automation - Now operates as a full lending protocol NFTfi has been **operating safely for 1,888 days**, making it one of the most battle-tested protocols in NFT lending space.
馃帹 NFTfi Sponsors Art Blocks Marfa Weekend Gallery
**NFTfi sponsored "The Golden Tumbleweed Gallery"** at Art Blocks Weekend in Marfa, Texas this past weekend. The gallery was exhibited by @aventurine_eth and @tonyherrera, featuring works from several digital artists: - @JimenaBuenaVida - @Coldie - @apocalypticform - @OmarZRobles - @steviepxyz The **Art Blocks Marfa Weekend** continues to attract major sponsors from the NFT and crypto space, building on previous years' success with supporters like OpenSea, Ledger, and FlamingoDAO. This sponsorship aligns with NFTfi's mission to expand NFT utility beyond traditional collecting into financial services.
NFTfi Aggregator Streamlines NFT Loan Refinancing
The NFTfi Aggregator has facilitated $183k in cross-platform loan refinancing, marking significant progress in NFT-backed lending efficiency. Key improvements: - Previous process required manual search, repayment, and new loan initiation - New system enables one-click refinancing with better terms - No upfront repayment needed - Automatic APR improvement verification - Cross-platform functionality The platform ensures borrowers maintain continuous access to competitive market rates while protecting their NFT collateral. Additional features include top-up loan offers for increased principal amounts.
CryptoPunk Loans Reveal Hidden Market Dynamics
Recent data shows CryptoPunks' market activity extends beyond sales. While 1,648 CryptoPunks were sold in the past year, NFTfi facilitated 946 loans using CryptoPunks as collateral. This highlights the importance of considering alternative metrics when assessing an NFT collection's value and market dynamics. The news comes as Bitcoin approaches its all-time high, coinciding with high-value NFT sales resurfacing. A recent CryptoPunk sale for 4,500 ETH (over $16 million) marks the collection's second-largest sale ever. These developments underscore the complex interplay between cryptocurrency markets and NFT valuations.