jpegd
NFT Lending Dapps
jpegd
The JPEG'd protocol allows users to collateralize NFTs for synthetic stablecoin.
What is jpegd?
The JPEG'd protocol has a primitive, non-fungible debt position (NFDP), which operates similarly to other NFT lending protocols. Select collections are added based on their liquidity and market capitalization. Users deposit their NFT into a smart contract to mint a synthetic stablecoin, $PUSD. The user can use that stablecoin for other opportunities while their NFT remains on the platform. Users are permitted to take out a debt position as large as 32% of the collateral value.
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Resources and Guides about NFT Lending Dapps
jpegd Alternatives
Explore web3 competitors and apps like jpegd.
FurionNFT Lending Dapps
Furion is an NFT liquidity platform that allows users to swap and collateralize NFTs fractionally.
TakerNFT Lending Dapps
Taker is a liquidity protocol that allows users to liquidate and rent crypto assets.
NAMA FinanceNFT Lending Dapps
A decentralised cross-chain NFT lending protocol.
