Decentralized exchange Uniswap is in talks to collaborate with a seven-non-fidelity token (NFT) collateralized loan protocol. uniswap is the interface for all nft liquidity. We are currently in
Decentralized exchange Uniswap is in talks to collaborate with a seven-non-fidelity token (NFT) collateralized loan protocol.
uniswap is the interface for all nft liquidity.
We are currently in talks with 7nft loan protocols. We will work with each of them to resolve liquidity fragmentation and information asymmetry. this is the first step in establishing nft financialization.
“We aim to work with each of them to solve the problem of liquidity fragmentation and information asymmetry,” said Scott Lewis, head of NFT products at Uniswap Labs.
He described this as the first step towards the financialization of the segment.
Users reacted differently to the Uniswap initiative. Some sort of The drive to expand and strengthen the DeFi ecosystem.
Others said the exchange is interested in the possibility of additional profits from the liquidation of collateral.
Is there any other reason to provide this feature other than profit from liquidations? or be courteous to buy the worthless assets of the lenders at liquid price and hold on while you try to throw them on yourself?
In the past months, Uniswap has taken steps to implement NFT into its services. In June, the company behind the exchange acquired the Genie marketplace, founded by Lewis.
“We see NFT as another value format in the growing digital economy,” Uniswap Labs said at the time.
That same month, the company announced the launch of a non-tradable token selling platform with full support for SudoSwap. The project operates as a decentralized NFT exchange, allowing the creation of liquidity pools for asset collections.
Recall that in the spring of 2019, Uniswap released Unisocks tokens in NFT format as a joke. Amid the hype in the industry, in early 2021, the price of SOCKS reached $92,500.
In May of the same year, an unidentified person traded $875,000 worth of Unisocks for nine pairs of real socks.
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