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NFTfi Summer Coming? There are several items of interest here

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NFTfi may usher in Summer

Original article by Minty, DeFi Researcher

Leo, BlockBeats

As Blur drops into space, the NFTfi narrative continues to heat up, and it's logical to speculate that this could be the year of the NFTfi Summer.Minty Based on some of the projects BlockBeats wrote on NFTfi, BlockBeats compiled the following:

ParaSpace

ParaSpace is a recently popular decentralized lending protocol that allows users to borrow/lend NFT or FT. ParaSpace allows users to use underutilized funds to further invest and earn income from them.

ParaSpace introduced "full leverage", "package mortgage" and other mechanism innovation, and with the help of Ape pledge mining activity, it only took two months to go from the main network online to the second place in TVL, rising against the trend under the shadow of BendDAO, which is a very potential project. More interpretationClick reference

BendDAO

BendDAO is one of the largest NFT liquidity offering markets, and users can borrow ETH by mortgaging their blue chip NFT, or get a 5.1% APR by mortgaging the NFT. In addition, BendDAO also offers Ape pledge to maximize the revenue of Yuga Labs collections. During the pledge period, users can still sell their NFT and use the ETH borrowed by pledge on the platform without losing user revenue.

According to nbsp;Dune dataShows that BendDAO recently ranked well in trading volume and daily activity data. If NFTfi comes, BendDAO will definitely rise along the trend.

sudoswap

sudoswap is an AMM protocol for NFT. Similar to Uni, sudoswap supports ERC721 NFT, ETH, and other ERC20 tokens. Means that users can buy and sell from a pool of liquidity rather than trade directly:

- The liquidity provider deposits NFT or ETH (other ERC20 tokens) in the pool, has the option to buy/sell NFT (or both), and specifies its initial price and related curve parameters;

- Users can buy/sell NFT from these pools, each time an item is bought/sold, the price of buying/selling another item changes according to its combination curve;

- Liquidity providers can change pool parameters or withdraw assets at any time.

sudoswap's more user-oriented mechanic design gives it an advantage in the future when it comes to NFT and DeFi.

hadeswap

hadeswap is an NFT AMM protocol that enhances the NFT liquidity and trading experience by enabling users to trade and exchange NFTS through liquidity pools.

Its characteristics are:

- Zero platform fees, and its governance token HADES decides whether to change thereafter;

- Zero royalty by default, but users can pay the corresponding fee based on their wishes;

- Incremental purchase/sale of NFT;

- Earn SOL;

hadeswap's zero platform fees and user-based token governance are advantages for it to move to a better mechanism in the future.

JPEG'd

JPEG'd was one of the original NFT lending agreements, and the product behind it is also very attractive. With Blur leading the NFT boom, many expect the total number of NFTS to increase, which could fuel the growth of NFT lending. As one of the top NFT lending agreements, JPEG is positioned to take advantage of low lending rates and their large CRVS to improve liquidity for pUSD and pETH.

In addition, there are some exciting products in development that will continue to drive TVL growth, and if you want to get your hands on NFTfi, JPEG'd is definitely not to be missed.

LinoSwap

LinoSwap can be said to be a relatively innovative protocol in the NFT AMM market. Because of the non-homogeneous nature of NFT, there is no difference between the price of a class of NFT with high rarity and that of NFT with low rarity. However, the traditional NFT AMM does not attach importance and value to the high rarity NFT.

For this purpose, LinoSwap introduces Rarity Function and Rarity Value Curve to evaluate and price high rarity NFT. The problem that high rare NFT is not valued in the AMM NFT trading market is solved. For the majority of users who really love NFT, LinoSwap can turn rare art collections into greater value, which may be a competitive deal for the NFT AMM market in the future.

X2Y2

X2Y2 remains one of the best value NFT markets I have seen to date, not only do the pledgers get 100% of the agreement fee, but the team has been working hard to generate more volume and interest rates for projects and tokens.

Products such as the x2y2 pro are nearing completion and the team is preparing to improve its tokenomic this year, with regular development and value proposition, the x2y2 could be a strong competitor in major NFT markets in the future.

LooksRare

While LooksRare hasn't been hot lately, Looks v2 is one of their biggest updates and could potentially bring new attention and users to the platform.

At the same time, the incentive emission schedule has recently been reduced to a minimum and will remain unchanged throughout the year. If Blur's surge creates FOMO in the NFT market, LooksRare will definitely generate a wave of attention.

nftperp.xyz

nftperp.xyz established in Arbitrum NFT perpetual trading platform, can track the NFT floor price, and on the basis of long, short. The highlight of nftperp.xyz is the launch of vAMM trading mechanism, which is also a noteworthy project in the future.Click reference

Pine Protocol

In addition to some of the NFT market leaders mentioned above, the Pine Protocol is a peer-to-peer lending protocol for NFT that can provide some interesting features, such as PNPL, where users can pledge NFT and then repay it if they need immediate liquidity.

Pine has also added some interesting improvements, such as an automatic rollover of loans if you hold enough Pine tokens in your account. The roadmap also points to the launch of multi-chain support and buy and sell loan credit markets next.

Pine's total volume and loan volume are up, but this agreement is still new and risky. If you want low risk exposure, this may be the deal to watch.

Botto

Botto is an AI-generated art platform, often seen as a combination of NFT and AI, that takes inspiration from previous good works in art history and uses AI to generate new works of art that are then voted on by the community.

The proceeds from the art auctions are made by Botto token holders. Botto art is being sold weekly on SuperRare at a decent price. With AI on fire recently, I'm excited to see what the future holds for Botto.

FloorDAO

Although FloorDAO is not a very well known protocol and may even fail, some in-depth research has been done. First, FLOOR's market cap is currently lower than its Treasury value, which is mostly made up of NFT LP tokens of swap fees generated by NFTX.

While this value may fluctuate, if the project fails and the Treasury is allocated to the FLOOR holder, this may go into a safety buffer phase. Another interesting process is Floor v2, which is currently being discussed and restated.

One potential idea that has been raised is to allow Treasury redemptions through ETH when RFV is greater than Mcap, but this has not been determined and I need to do more research, but the yield index aspect of the NFT collection on the Floor may be worth looking at.