How NFTfi Brings DeFi to Bored Apes - Stephen Young, NFTfi founder, Ep. 193

<p>The total market-cap of NFT has hit $18 billion in 2022 - but most of these value are illiquid and NFTs sit idly in wallets.</p> <p>NFTFi (<a href="https://twitter.com/NFTfi" target="_blank" rel= "noopener">@NFTf</a>i) unlocks the liquidity of these NFTs by allowing owners to take NFT-collateralized loans. Till date, they have facilitated $128 million over 7000 loans.</p> <p>In this episode, NFTFi co-founder, Steven Young shares with us:</p> <ul> <li>Why is unlocking NFT liquidity necessary and how can it help floor prices?</li> <li>What are the risks involved for lenders and borrowers?</li> <li>Why is NFTFi’s peer-to-peer model the most optimal for NFT-backed loans?</li> </ul> <p>Host: Jason Choi @mrjasonchoi . Not financial advice.<br /> <br /></p> <p>------------ Timestamps -------------</p> <p>(00:00:00) – Introduction<br /> (00:00:27) – Background of NFTfi’s Founders<br /> (00:04:17) – Beginning of NFTfi<br /> (00:06:53) – Projects eligible as collateral<br /> (00:08:15) – Different loan durations and common use-cases (00:14:30) – Liquidation on Loans<br /> (00:19:21) – NFTfi as an execution platform for Liquidity Provision DAOs<br /> (00:21:20) – Whitelisting criteria of NFT projects<br /> (00:24:50) – NFTfi’s competitors and different models<br /> (00:32:14) – Types of lenders and borrowers<br /> (00:36:27) – Future of NFTfi<br /> <br /></p> <p>----------- Sponsors -------------</p> <p>PARASWAP is the best place to trade your tokens and get the best price in DeFi today. Get started on https://<a href= "http://www.paraswap.io/blockcrunch">paraswap.io/blockcrunch</a></p> <p>CoinFLEX is the Home of Crypto Yield for passive capital and active traders to earn and trade crypto. Explore yields up to 100% APR with CoinFLEX's simple AMM+ product: <a href= "https://coinflex.com/amm">https://coinflex.com/amm</a><br /> <br /></p> <p>----------- More Resources ---------<br /> <span style="text-decoration: underline;">Guest</span><br /> Stephen Young's Twitter: <a href= "https://twitter.com/stephen_yo?lang=en">https: