NFTFi Weekly #9
Paraspace V2 plan, introducing Kyoko, luxury-watch-as-collateral-loan on Arcade, and more
ParaSpace released information about V2.
Get ready for ParaSpace 2.0 
Our largest upgrade to date and an important step towards decentralized liquidity.
Our largest upgrade to date and an important step towards decentralized liquidity.
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Even amidst the recent controversy involving its CEO, ParaSpace remains steadfast, forging ahead with plans for launching its anticipated V2. Paraspace V1 previously reached approximately $230 million in total value locked (TVL) at its peak. Currently, V1 sits at around $80 million TVL.
With the launch of Paraspace V2, the platform aims to expand support for more NFT collections and additional blockchain networks beyond Ethereum.
X2Y2 added CyberKong as collateral
NFT loans for @CyberKongz are now live! 
Borrow & Lend ETH securely using your NFTs as collateral with X2Y2fi!
fi.x2y2.io
#X2Fi #NFTFi #NFTLoans
Borrow & Lend ETH securely using your NFTs as collateral with X2Y2fi!
fi.x2y2.io#X2Fi #NFTFi #NFTLoans
Since launching its lending feature, X2Y2 has achieved a total borrowing volume of 100M.
Presently, CyberKongz token holders have the added advantage of using their holdings as collateral against borrowing in Ethereum (ETH). The imminent launch of Genkai, a fresh addition to the CyberKongz collection, introduces an array of new trading opportunities for enthusiasts and investors alike.
BENDAO made its first buyback and burn.
The 1st $BEND Buyback & Burn
etherscan.io/tx/0x2d959a052…
BIP#34: snapshot.org/#/benddao.eth/…
#DAO #BendDAO #Buyback
etherscan.io/tx/0x2d959a052…
BIP#34: snapshot.org/#/benddao.eth/…
#DAO #BendDAO #Buyback
In accordance with their BIP #34, BendDAO will allocate 20% of pairing fee revenues derived from $APE staking to purchase and incinerate $BEND tokens. The intensity of this buy pressure is contingent upon both the volume of BAYC and MAYC staked and the prevailing price of $APE. Notably, the inaugural burn successfully eliminated 1.7 million $BEND tokens from the circulating supply.
Here is the transaction ID for the $BEND burn:
https://etherscan.io/tx/0x2d959a05201916bf8328f30025cae1cc923cc7ab06dbecb18984855646dbc0e7.
Furion launched testnet V2
Furion V2 #testnet Campaign now available on Galxe
galxe.com/Furion/campaig…
We've prepared some tasks as well as juicy rewards for #NFTfi believers
Powered by @Galxe, verify your actions on Furion V2 testnet and mint the cutest #GalxeOAT
Furion serves as a money market that enables users to fractionalize their NFTs into ERC20 tokens, facilitating lending opportunities. Between July 11th and August 8th, individuals fulfilling all tasks on the Fusion Testnet v2 will earn a distinctive badge. This badge potentially qualifies them for an airdrop upon the launch of the mainnet.
You can find full instructions at: https://medium.com/@project.furion/furion-x-galxe-v2-testnet-campaign-instructions-85be67ea21e6.
X2Y2Fi released batch borrowing feature
Introducing Batch Borrow
Borrowers can now take out multiple NFT loans in one go, including ERC-20 loans. Loan more in less time
Learn more here
medium.com/@X2Y2Fi/loan-m…
#X2Fi #NFTLoans #NFTFi #
Borrowers can now take out multiple NFT loans in one go, including ERC-20 loans. Loan more in less time
Learn more here
medium.com/@X2Y2Fi/loan-m…
#X2Fi #NFTLoans #NFTFi #
X2Y2Fi's Batch Borrow enables borrowers to collateralize multiple NFTs at once, which makes it quick, efficient, and saves gas fees when obtaining multiple collection loans.
Borrowers can select which NFTs to collateralize and each NFT will be matched with the most suitable offer on a peer-to-peer basis. The NFTs are submitted for loans in batches, and up to 10 NFTs can be used in one batch.
Hook Protocol revealed chest rarity
Chest Rarity Announcement You can now view the rarities of your Cycle 1 treasure chests!
In the future, chest rarities will be revealed immediately after a cycle ends.
Check out the rarity of your chests now!
hook.xyz/rewards
Following up on what we covered in NFTfi Weekly #8, Hook Protocol has since unveiled the rarity scale of their treasures, where higher rarity corresponds to increased value. Furthermore, you now have the ability to track your standing on the Profiteer Leaderboard based on Total Points.
Since launching the Treasure Hunt program, the number of active vBids has grown steadily every week. Users can earn treasure chests on Hook by placing an offer and listing option.
Introducing Kyoko
1/ Introducing @KyokoFinance's P2P NFT lending platform! 
We aim to bring liquidity to the illiquid #NFT market. NFT investors can now provide them as collateral to access liquidity through @kyokofinance's upgraded peer-to-pool #lending protocol. Let's dive in!
We aim to bring liquidity to the illiquid #NFT market. NFT investors can now provide them as collateral to access liquidity through @kyokofinance's upgraded peer-to-pool #lending protocol. Let's dive in!
Kyoko is a peer-to-pool NFT lending market that supports cross-chain asset lending. It has multiple pools with different levels of risk: independent blue-chip collection pools that only support blue-chip collections like BAYC and AZUKI, and a shared pool for newly added collections. The shared pool has the same risk factor, lending ratio, liquidation factors, and other parameters.
Kyoko has raised approximately 6 million dollars last year. Currently their money market has already launched on testnet.
Tribe3 1st trading competition recap
Huge thanks to everyone for the support in our 1st Trading Competition and Congrats to all the 75 winners
Top Gainer x 50
Top ROI x 10
Top Converger x 10
Rekt x 5
Check out the recap & result below
Top Gainer x 50Top ROI x 10Top Converger x 10Rekt x 5Check out the recap & result below
Tribe3 is a perpetual NFT exchange that utilizes the vAMM model. After being open for trading for one month, Tribe3's first trading competition has closed, achieving the following statistics:
Total trading volume of approximately 38M.
Total eligible participants: 289.
Top 3 trading pairs: BAYC, Azuki, Captainz.
For full details on the competition results and prize distribution, please refer to the announcement here: https://mirror.xyz/tribe3.eth/448BHUNBzO8GBQcs0CKbwH8Zqfw2VaZgBXe1ELo0muM.
Pine Protocol now supports Ordinals inscriptions
We are excited to announce PINE now supports #BTC collections!Leverage your @BitcoinFrogs @OrdinalMaxiBiz @Bitcoin_Punks_ with our BTC lending and generate passive income.
Start Here
Since February, all Ordinal marketplaces have achieved ~300M in trading volume and surpassed 20M ordinal inscriptions.
Pine Protocol now supports lending and borrowing for top Ordinal collections such as @BitcoinFrogs, @OrdinalMaxiBiz, and @Bitcoin_Punks_. Users can also lend BTC on Pine to earn yield.
Holder of luxury watches took out a loan on Arcade.
Coolest thing I saw on chain this week was a lender giving a stranger a $35,000 loan at 12% APR using a Patek Phillipe as collateral
Borrower sent the watch to an escrow company who then sent back an NFT that represents ownership of the watch
Borrower then listed the NFT on…
Borrower sent the watch to an escrow company who then sent back an NFT that represents ownership of the watch
Borrower then listed the NFT on…
A lender gave a $35,000 loan at 12% APR to a stranger who used a Patek Phillipe watch as collateral.
The borrower sent the watch to 4K Protocol - an escrow company, which then provided an NFT representing ownership of the watch. The borrower listed the NFT on Arcade and accepted loan offer. The NFT was transferred to an escrow wallet until the term was up or the borrower repaid the loan. If the borrower defaulted, the lender could claim the watch. You can find other watch offers here: https://app.arcade.xyz/loans?project=4k-watches
