Otherside NFTs Being Used as Loan Collateral
Otherside NFTs Being Used as Loan Collateral
🤖 Kodas Are Getting Jobs
Seven Koda NFTs from the Otherside metaverse were successfully used as collateral for loans this week. This continues a trend from previous lending activities, where users have been leveraging their digital assets for liquidity.
Key points:
- Multiple Koda NFTs utilized for lending
- Previous successful loan of 0.5505 ETH using Koda + Otherdeed
- 7-day loan terms available
This demonstrates practical utility for NFT holders seeking to maintain liquidity while retaining ownership of their digital assets.
7 Kodas landed loans this week These Kodas don't just sit around — they work 🛠️ Make your assets work too. Stay liquid. Stay winning @OthersideMeta
Zharta Expands to Multichain Operations
Zharta has expanded its NFT lending protocol to operate across multiple blockchains, now live on both Ethereum and ApeChain. Key updates: - Faster loan processing - Reduced gas fees - Continuous liquidity availability - Cross-chain functionality The protocol aims to follow market opportunities across different chains, with hints at further expansion in the near future. This move enables users to access NFT-backed loans with greater flexibility and cost efficiency.
Zharta Expands NFT Lending to ApeChain
Zharta announces expansion of its NFT lending services beyond Ethereum to include ApeChain. The platform currently enables Mutant Ape Yacht Club (MAYC) holders to: - Borrow USDC against their NFTs - Maintain ownership of their assets while accessing liquidity - Benefit from non-custodial lending solutions The expansion to ApeChain represents a significant move in cross-chain NFT lending capabilities. Previous lending activity shows promising adoption, with recent transactions reaching $15,000 USDC in value. Learn more at [Zharta.io](https://www.zharta.io)
How to Borrow Against Your NFT: A Step-by-Step Guide
A Bored Ape holder recently secured a 16,225 USDC loan without selling their NFT. Here's the simple process: - List NFT in Borrow tab and set loan terms (principal, duration, APR) - Wait for lender offers and review them - Accept preferred offer to activate loan - Option to refinance for better terms - Repay through dashboard before maturity The platform offers flexibility to refinance or extend loans as needed. Previous successful case: MAYC holder borrowed 2,647 USDC at 29.6% APR for 30 days.
Sh/apes NFTs Now Available as Collateral on Zharta
Zharta has expanded its NFT lending capabilities by adding sh/apes collection to its supported assets. Users can now use their sh/apes NFTs as collateral for loans on the platform. - First listing milestone achieved by user @Flawwllesss - Follows recent integration of @GobsOnApe collection on ApeChain - Platform continues expanding supported NFT collections This development marks another step in bringing liquidity options to NFT holders across different collections.
Zharta Launches V2 NFT Lending Protocol with P2P Features
Zharta has launched its V2 NFT lending protocol with several key features: - **Peer-to-Peer Lending**: Users can now set custom loan conditions - **Refinance Tools**: Lenders can sell loans, borrowers can improve terms - **Mobile Access**: New app for on-the-go lending management - **Custom Offers**: Target specific NFT traits for precise lending - **Gas Efficiency**: Up to 50% savings on transaction fees The protocol maintains pro-rata interest and no auto-liquidations. Multi-chain expansion is planned, and a token launch with rewards for early adopters is upcoming. *Visit app.zharta.io/lending to get started*