Unlockd Launch

NFT liquidity and loan platform launching on Ethereum, and later, other chains.

A soft launch for NFT holders takes place on January 18. This post is for the public launch on January 27.

DETAILS

• Users can provide $ETH liquidity, or borrow $ETH with NFT collateral, instantly
• NFTs used as collateral remain in the user’s wallet, enabling them to receive any holders’ benefits while simultaneously borrowing $ETH against the NFT
• Loans are over-collateralized, have no expiration date, and charge interest which is used to:
  • Provide yield to $ETH liquidity providers
  • Provide rewards to $UNLK token holders
  • Grow the DAO treasury
• NFT price data is aggregated from several appraisers, creating a dynamic LTV for each collateralized NFT
• Unlockd has partnered with several gaming guilds, with the goal of allowing guilds to scale and grow operations by collateralizing the in-game NFT assets
• The Unlockd testnet (as of Jan 3) has 3500 unique users participating, processing 33,500 tx and 8700 loans
• The Lockeys NFT collection (sold out in October, available on OpenSea) awards holders an $UNLK airdrop, beta access to the Unlockd platform, early access to mainnet Unlockd features, governance, “VIP Community” access, etc.