LEND721, the NFT token lending platform, is in full beta on ethereum

BlockBeats news, erc-721 token lending platform LEND721 has announced the launch of its lend721.app on ethereum, a full beta version of which has been launched on ethereum's main network.

LEND721 is a P2P erc-721 token lending platform, which includes smart contracts as escrow. The platform allows any holder of erc-721 tokens to LEND and earn interest on them, so the borrower pays the collateral (in DAI) for the loan of erc-721 until the due date. (ERC is short for "Ethereum Request for Comments". Erc-721 tokens were first applied by the CryptoKitties project, which can be said to be the token standard of NFT assets. Erc-721 token standard applies to:A token of a real object, such as a house or a unique work of art. Virtual collectibles, such as unique cat photos, collectible CARDS, etc.

LEND721 also allows lending to any NFT product, creating new liquidity for digital collectibles and virtual land. With the emergence of new platforms like Rocket DAO, which offers loans for erc-721, providing and validatingrevenue streams to the NFTs will allow for lower APR and better credit lines.

Pulse understand, LEND721 has developed intelligent contract and dApp. Among them, the smart contract is responsible for the management of collateral, income and erc-721 tokens, while dApp is a pure front-end interface connected with the smart contract.

原文地址： https://medium.com/@deimantasspucys/launching-lend721-platform-on-ethereum-mainnet-e5054b040446

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