Blend Project Introduction, Team, Financing and News

Performances

Comparison

Related News

Dec 31, 2024

Data: The total transaction volume of the NFT lending platform Blend has reached 7.28 billion USD

Dec 16, 2024

Data: The total transaction volume of the NFT lending platform Blend exceeds 7.1 billion dollars

Sep 12, 2024

Data: The total transaction volume of the NFT lending platform Blend exceeds 6.1 billion USD.

Sep 12, 2024

Data: The total transaction volume of the NFT lending platform Blend has reached 6.24 billion USD.

Details

Blend is a peer-to-peer perpetual lending protocol for NFTs within the Blur ecosystem. It allows borrowers to use NFTs as collateral to borrow ETH, while lenders provide funds via off-chain quotes, with interest rates and terms determined freely by the market. The protocol does not rely on oracles, loans have no fixed maturity, and borrowers can repay at any time; lenders can exit by triggering a Dutch auction, and liquidation occurs if the auction fails. This design aims to improve capital efficiency for NFTs and can integrate with Blur's trading features.

Tags:

NFT

NFT Lending

Ecosystem(1):

Ethereum

Founded:

2023