# DeFi and NFTs

**Published by:** [Wolverineneper](https://paragraph.com/@wolverineneper/)
**Published on:** 2023-07-15
**URL:** https://paragraph.com/@wolverineneper/defi-and-nfts

## Content

DeFi and NFTs are the core pillars of Web3. NFTs offer unique positions in DeFi with natural value derived from their utility and scarcity. Cool Protocols that use NFTs in DeFi BendDAO Use your NFTs as collateral to borrow ETH or deposit your ETH and earn yields instantly Uniswap Uniswap V3 liquidity positions are represented as NFTs. Timeswap Issues their Collateralized Debt Token as an ERC-721 token, an NFT NFTfi NFTfi allows NFT holders to borrow cryptocurrency from lenders by using their NFTs as collateral

## Publication Information

- [Wolverineneper](https://paragraph.com/@wolverineneper/): Publication homepage
- [All Posts](https://paragraph.com/@wolverineneper/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@wolverineneper): Subscribe to updates