Lending
Last updated
Last updated
Lending platforms can be useful for many reasons, including if you see a good opportunity in the market and you don’t have the liquidity in ADA at that moment. You can use native tokens (DeFi tokens) or NFTs you already own, and use them as collateral for a loan. For example, right now, on levvy.fi, with a few clicks of the mouse, you can lock your Platypus Cyberpunks NFT on the platform for two weeks, and in exchange, you will receive 150 ADA. The idea is to then pay back the ADA two weeks later, with, in this case, 6,03% interest. If you don’t repay the loan in time, you are at risk of losing your NFT. Be sure to understand properly what you are getting yourself into before borrowing or lending.
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