40 min

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

    • Investing

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.
NFTFi (@NFTfi) unlocks the liquidity of these NFTs by allowing owners to take NFT-collateralized loans. Till date, they have facilitated $128 million over 7000 loans.
In this episode, NFTFi co-founder, Steven Young shares with us:
Why is unlocking NFT liquidity necessary and how can it help floor prices? What are the risks involved for lenders and borrowers? Why is NFTFi’s peer-to-peer model the most optimal for NFT-backed loans? Host: Jason Choi @mrjasonchoi . Not financial advice.


------------ Timestamps -------------
(00:00:00) – Introduction
(00:00:27) – Background of NFTfi’s Founders
(00:04:17) – Beginning of NFTfi
(00:06:53) – Projects eligible as collateral
(00:08:15) – Different loan durations and common use-cases (00:14:30) – Liquidation on Loans
(00:19:21) – NFTfi as an execution platform for Liquidity Provision DAOs
(00:21:20) – Whitelisting criteria of NFT projects
(00:24:50) – NFTfi’s competitors and different models
(00:32:14) – Types of lenders and borrowers
(00:36:27) – Future of NFTfi


----------- Sponsors -------------
PARASWAP is the best place to trade your tokens and get the best price in DeFi today. Get started on https://paraswap.io/blockcrunch
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: https://coinflex.com/amm


----------- More Resources ---------
Guest
Stephen Young's Twitter: https://twitter.com/stephen_yo?lang=en
NFTFi's Website: https://www.nftfi.com/
NFTFi's Discord: https://t.co/O9hrCgWiL7


Blockcrunch
Blockcrunch Twitter: https://twitter.com/theBlockcrunch
Jason Choi’s Twitter: https://twitter.com/mrjasonchoi
Substack: https://jasonchoi.substack.com/


------------ Disclosures -------------
Disclaimer: Jason Choi is a General Partner at Spartan Capital, a subsidiary of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries

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.
NFTFi (@NFTfi) unlocks the liquidity of these NFTs by allowing owners to take NFT-collateralized loans. Till date, they have facilitated $128 million over 7000 loans.
In this episode, NFTFi co-founder, Steven Young shares with us:
Why is unlocking NFT liquidity necessary and how can it help floor prices? What are the risks involved for lenders and borrowers? Why is NFTFi’s peer-to-peer model the most optimal for NFT-backed loans? Host: Jason Choi @mrjasonchoi . Not financial advice.


------------ Timestamps -------------
(00:00:00) – Introduction
(00:00:27) – Background of NFTfi’s Founders
(00:04:17) – Beginning of NFTfi
(00:06:53) – Projects eligible as collateral
(00:08:15) – Different loan durations and common use-cases (00:14:30) – Liquidation on Loans
(00:19:21) – NFTfi as an execution platform for Liquidity Provision DAOs
(00:21:20) – Whitelisting criteria of NFT projects
(00:24:50) – NFTfi’s competitors and different models
(00:32:14) – Types of lenders and borrowers
(00:36:27) – Future of NFTfi


----------- Sponsors -------------
PARASWAP is the best place to trade your tokens and get the best price in DeFi today. Get started on https://paraswap.io/blockcrunch
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: https://coinflex.com/amm


----------- More Resources ---------
Guest
Stephen Young's Twitter: https://twitter.com/stephen_yo?lang=en
NFTFi's Website: https://www.nftfi.com/
NFTFi's Discord: https://t.co/O9hrCgWiL7


Blockcrunch
Blockcrunch Twitter: https://twitter.com/theBlockcrunch
Jason Choi’s Twitter: https://twitter.com/mrjasonchoi
Substack: https://jasonchoi.substack.com/


------------ Disclosures -------------
Disclaimer: Jason Choi is a General Partner at Spartan Capital, a subsidiary of The Spartan Group. All opinions expressed by Jason and podcast guests are solely their own opinions and do not reflect the opinion of The Spartan Group and any of its subsidiaries

40 min