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Post #65
576
Marketapp | EN
Pools in loans on Marketapp are designed so that the disbursed amount is tied to the floor price of the collection itself. This isn't bad, but how can one provide a fair loan for an expensive NFT? Who and how should determine this amount?
A new feature, Loan Requests, addresses these and other questions.
A Request is the second way to take out an NFT-backed loan: the borrower specifies the amount, rate, and term. Anyone can become a liquidity provider for a specific loan if they find the amount and terms acceptable.
Once issued, it is the same loan contract as in the pool: repayment, NFT sale, grace period, and liquidation work identically.
Documentation with all the details: https://marketapp.org/docs/loans/requests/
Loan request showcase: https://marketapp.org/loans/?tab=requests
All new requests will be posted here @marketapp_loan_requests. Soon, it will be possible to set up personalized notifications for specific collections.
P.S. The list of available collections in the pools has been expanded. These same collections are also available for requests.
A new feature, Loan Requests, addresses these and other questions.
A Request is the second way to take out an NFT-backed loan: the borrower specifies the amount, rate, and term. Anyone can become a liquidity provider for a specific loan if they find the amount and terms acceptable.
Once issued, it is the same loan contract as in the pool: repayment, NFT sale, grace period, and liquidation work identically.
Documentation with all the details: https://marketapp.org/docs/loans/requests/
Loan request showcase: https://marketapp.org/loans/?tab=requests
All new requests will be posted here @marketapp_loan_requests. Soon, it will be possible to set up personalized notifications for specific collections.
P.S. The list of available collections in the pools has been expanded. These same collections are also available for requests.
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