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(Press release – Cape Town, South Africa, May 15, 2023)
nftfi, a leading NFT lending platform, has launched the next phase of its loyalty program, NFTFi Rewards. In earn season 1Users can get rewarded with exclusive reward points for borrower-friendly loans and responsible lending behavior.
The NFT space is growing rapidly, and healthy credit markets are fundamental to its overall growth. NFTfi’s Earn Season 1 rewards structure has been designed with this in mind to encourage responsible NFT lending and contribute positively to the overall NFT ecosystem.
Stephen Young, co-founder and CEO of NFTFI, says: “We believe that NFT lending is an important part of the future of the NFT space, and we are committed to fostering a healthy and non-predatory lending environment through our new loyalty program.”
The principles by which the marks earned are calculated are as follows:
- Only repaid loans earn points: Lenders are motivated to carefully manage default risk through a conservative LTV, and to ensure borrowers don’t take on excessive loans they may not be able to repay.
- Larger and longer loans earn more points: To motivate lenders to provide flexible access to different loan sizes and loan tenures.
- Low interest rate (APR) loans earn the most points: The objective is to motivate lenders to provide borrower-friendly interest rates and result in risk-adequate LTVs.
Earned points are earned when qualifying loans are repaid. Upon taking a new loan, the corresponding Earned Points can be viewed under “Unsecured Points” in the NFTfi Rewards cockpit. If the loan is repaid, these points are converted into “secured points”.
The NFTfi leaderboard shows the Unsecured Earning Points (on loan initiation) and the Secured Earning Points (on repayment). The 500 wallets with the most secure points by the end of Season 1 will receive a multiplier of up to 2.5x. at their final balance.
NFTFI is committed to rewarding genuine users, not washlenders. The program discourages wash loans through various measures, including no points for loans with an APR less than 2%, no points for loans with a term of less than 3 days, and no points for the associated wallet.
Earned points are non-transferable and currently not redeemable. They only reflect the level of loyalty of NFTfi users. Certain persons, such as US residents, other US persons, and persons located in the US, are not eligible to participate in the NFTfi Rewards Loyalty Program.
Earn Season 1 is the start of a long and exciting #NFTfiSummer. NFTfi has many surprises planned for all NFT collectors. For more details, check earn points cockpit And this questions to ask section.
market information
NFT lending is a rapidly growing market, with the global NFT market expected to reach US$13.6 billion by 2027. market and market, NFT lending provides benefits such as liquidity, enabling NFT holders to use their assets as collateral for loans. It also helps address issues such as the lack of traditional financing options for NFT holders and the need for a healthy credit market in the NFT space.
Investing in debt carries inherent risks, and the value of NFTs can be highly volatile. Users should carefully consider their risk tolerance and investment objectives before availing the loan.
About NFTFI
NFTfi.com is a decentralized peer-to-peer lending platform that enables NFT holders to borrow ETH, USDC and DAI cryptocurrencies, secured by their non-fungible tokens (NFTs). The platform is non-custodial and built on the Ethereum blockchain, where smart contracts facilitate secure and transparent transactions directly between borrowers and lenders. NFTFI offers NFT holders a new way to unlock the value of their assets and access liquidity, while also enabling lenders to earn interest on their funds. Since its first loan in May 2020, users have transacted over $400 million on NFTfi smart contracts.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
(Press release – Cape Town, South Africa, May 15, 2023)
nftfi, a leading NFT lending platform, has launched the next phase of its loyalty program, NFTFi Rewards. In earn season 1Users can get rewarded with exclusive reward points for borrower-friendly loans and responsible lending behavior.
The NFT space is growing rapidly, and healthy credit markets are fundamental to its overall growth. NFTfi’s Earn Season 1 rewards structure has been designed with this in mind to encourage responsible NFT lending and contribute positively to the overall NFT ecosystem.
Stephen Young, co-founder and CEO of NFTFI, says: “We believe that NFT lending is an important part of the future of the NFT space, and we are committed to fostering a healthy and non-predatory lending environment through our new loyalty program.”
The principles by which the marks earned are calculated are as follows:
- Only repaid loans earn points: Lenders are motivated to carefully manage default risk through a conservative LTV, and to ensure borrowers don’t take on excessive loans they may not be able to repay.
- Larger and longer loans earn more points: To motivate lenders to provide flexible access to different loan sizes and loan tenures.
- Low interest rate (APR) loans earn the most points: The objective is to motivate lenders to provide borrower-friendly interest rates and result in risk-adequate LTVs.
Earned points are earned when qualifying loans are repaid. Upon taking a new loan, the corresponding Earned Points can be viewed under “Unsecured Points” in the NFTfi Rewards cockpit. If the loan is repaid, these points are converted into “secured points”.
The NFTfi leaderboard shows the Unsecured Earning Points (on loan initiation) and the Secured Earning Points (on repayment). The 500 wallets with the most secure points by the end of Season 1 will receive a multiplier of up to 2.5x. at their final balance.
NFTFI is committed to rewarding genuine users, not washlenders. The program discourages wash loans through various measures, including no points for loans with an APR less than 2%, no points for loans with a term of less than 3 days, and no points for the associated wallet.
Earned points are non-transferable and currently not redeemable. They only reflect the level of loyalty of NFTfi users. Certain persons, such as US residents, other US persons, and persons located in the US, are not eligible to participate in the NFTfi Rewards Loyalty Program.
Earn Season 1 is the start of a long and exciting #NFTfiSummer. NFTfi has many surprises planned for all NFT collectors. For more details, check earn points cockpit And this questions to ask section.
market information
NFT lending is a rapidly growing market, with the global NFT market expected to reach US$13.6 billion by 2027. market and market, NFT lending provides benefits such as liquidity, enabling NFT holders to use their assets as collateral for loans. It also helps address issues such as the lack of traditional financing options for NFT holders and the need for a healthy credit market in the NFT space.
Investing in debt carries inherent risks, and the value of NFTs can be highly volatile. Users should carefully consider their risk tolerance and investment objectives before availing the loan.
About NFTFI
NFTfi.com is a decentralized peer-to-peer lending platform that enables NFT holders to borrow ETH, USDC and DAI cryptocurrencies, secured by their non-fungible tokens (NFTs). The platform is non-custodial and built on the Ethereum blockchain, where smart contracts facilitate secure and transparent transactions directly between borrowers and lenders. NFTFI offers NFT holders a new way to unlock the value of their assets and access liquidity, while also enabling lenders to earn interest on their funds. Since its first loan in May 2020, users have transacted over $400 million on NFTfi smart contracts.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
