Sharky.fi introduces the concept accessing liquidity using your NFTs as collateral considering that the NFT space is a particularly illiquid market.
Also, you might want to ape into promising NFT projects without selling your high-value NFTs in which case borrowing against them is a win-win for both you and the lender.
Once you’ve committed your NFT(s) as collateral, you cannot transfer the NFT out of your wallet until you clear the loan within the prescribed period. Meanwhile you will be able to enjoy its assigned utilities such as DAO membership and governance without a hitch.
The project launches on Bifrost launchpad and you can mint and stake the Sharky NFTs to earn $FISHY tokens which will allow you to participate in raffles for defaulted NFTs and subscribe to pro-trading tools and analytics on the platform.
You can learn more about the project from the website and white paper
Total supply:Â 10,111
Mint price: 2.9 SOL
Date: October 2, 2022 at 7:00 PM UTC
Blockchain: Solana
