Drops DAO, the DeFi platform and NFT-centric DAO has launched its mainnet. There is now a live network in place for Drops, which means that all users and community members can interact with all of its offerings in real time. Users will also be able to access capital without the need for intermediaries, as a result. Because of this, the platform’s DeFi protocols will receive a lot more widespread attention.
Also, Drops’ lending features now allow users can use their NFT assets as collateral to secure fast loans. Furthermore, it accepts w hitelisted NFT collections as collateral in an isolated lending pool that accepts a variety of tokens. Since isolated lending pools allow for a 60% collateral ratio, Drops DAO stands out from other lending options. The decreased protocol risk and high level of scalability allow for a bigger collateral ratio.
Drops allows you to add any kind of collection to your account without putting your lender at additional risk. Furthermore, these loan pools allow any NFT collection to obtain greater utility and liquidity. As a result, secondary market users are under less pressure to sell. Collection liquidity is a plus for lenders, with higher usage and interest rates offered for riskier collections.
Drops founder Darius Kozlovskis stated, “ After major shifts in the market and tireless year of research and developement, we finally arrived at what can become a new financial primitive for NFTs. We’re at the dawn of metaverse finance and are truly excited to be part of it.”
About Drops DAO
Drops DAO is a DeFi platform that offers loans for NFT and DeFi assets. Collectibles, metaverse assets, and financial NFTs are all acceptable collaterals on Drops’ lending pools. Also, users of the Drops DAO can receive loans and earn additional income by using their unused NFTs and DeFi tokens. In addition to Bitscale Capital and AU21, Axia8 Ventures and Bitscale Capital are among Drops DAO’s most important institutional backers. NFT whale 0xb1 Cooper Turley Marc Weinstein Joseph Delong and Quantstamp CEO Richard Ma are among the angel investors.