Drops announces the upcoming NFT credit platform for increasing market liquidity

Drops announces the upcoming NFT credit platform for increasing market liquidity

[press release - Vilnius, Lithuania, 27th October 2021]

Drops announced the upcoming start of his NFT credit platform today, whereby the testnet should mark the initial phase of its Mainset start. Drops' NFT credit ecosystem tries to close the liquidity gap in the NFT markets by enabling the participants to use their meta-verse objects as loan safety.

Since NFTS are becoming increasingly popular, drops is optimistic to open up this growing ecosystem in order to provide the urgently needed liquidity solutions. The Drops-NFT credit platform offers a way to protect inactive NFTs and create a liquid market on which users can get loans and achieve an additional return.

"NFTS have become the focus of the crypto discussions in the past few months. However, the latest crypto of the cryptom market has uncovered the underlying liquidity problems in this upcoming niche. The NFT credit model from drops is intended to introduce liquidity into NFT markets by the meta-several world (defi) In this way. said Drops founder and CEO Darius Kozlovskis.

The platform is introduced in three phases, starting with the testnet, followed by an audit and finally the Mainnet release. NFT owners who want to participate can be a Registration form , then you will be instructed to participate in the Drops NFT Loans testnet.

drops will use its native token DNTT and DTOKEN to present NFT security that are delivered to the platform's free of permission. NFT owners who deliver their digital assets to a specific pool can use the native tokens to borrow from the markets or repay outstanding debts. As for the security factor, each market has a factor in the range from 0 to 1, which represents the part of the underlying asset that can be borrowed.

The Drops credit platform currently has a total value (TVL) of $ 6.2 million, a number that will probably increase if more meta-verse participants in the Drops community join.

"We are looking forward to the future of the meta persona in view of its potential when building global digital communities. The Drops NFT credit platform offers a perfect starting point to contribute to the growth of the meta personation. In the future we assume more defect options to support the mainstream acceptance of NFTS and digital ecosystems." added Darius Kozlovskis.

about drops

drops is a leading NFT credit platform that enables owners of meta-verse articles to use their digital assets as collateral for loans and in the DEFI ecosystem in order to achieve an additional return. The Drops protocol uses without permission loan pools so that digital assets such as NFT collectors, meta-verse objects, financial nfts and defi assets can be used as loan security. In essence, the value promise of drops is to reduce the sales pressure of unused NFT assets by creating paths to maintain immediate liquidity or to achieve a passive return through defi ecosystems.