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Home All Events Unlockd Launch

Date

Jan 27 2023
Expired!

TimeUTC

2:00 pm

Your Time

  • Timezone: America/New_York
  • Date: Jan 27 2023
  • Time: 9:00 am

Status

ActiveFeatured

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.
Links & Resources
Related Launches

Blockchain

ETH

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