The NFTFi narrative is heating up, and this article takes stock of 12 projects worthy of attention
Original author: Minty, DeFi researcher Original compilation: Leo, BlockBeats
As Blur's airdrop lands, the NFTfi narrative continues to heat up. There is a logical speculation that this year may usher in NFTfi Summer, a DeFi researcherMintyWrote some projects on NFTfi, BlockBeats compiled and compiled based on this article as follows:
ParaSpace is a recently popular decentralized lending protocol through which users can borrow/lend NFT or FT. ParaSpace allows users to use underused funds to further invest and earn income from it.
ParaSpace introduced "cross-margin leverage", "package mortgage" and other innovations in various mechanisms, and with the help of Ape pledge mining activities, it took only two months to go online from the main network to the second place in TVL. Under the cover of BendDAO Rising against the trend is a project with great potential. More interpretationclick reference
Dune data
according toDune dataIt shows that BendDAO has recently ranked well in terms of transaction volume and daily activity data. If NFTfi comes, BendDAO can definitely rise with the trend.
sudoswap is an AMM protocol for NFT, similar to Uni, sudoswap supports ERC 721 NFT, ETH and other ERC 20 tokens. Meaning that users can buy and sell from the liquidity pool instead of trading directly:
-Liquidity providers deposit NFT or ETH (other ERC 20 tokens) into the pool, can choose to buy/sell NFT (or both), and specify their initial price and related curve parameters;
- Users can buy/sell NFTs from these pools, each time an item is bought/sold, the price to buy/sell another item changes according to its bonding curve;
- Liquidity providers can change pool parameters or withdraw assets at any time.
Sudoswap's more user-oriented mechanism design will give it more advantages in combining NFT with DeFi in the future.
Hadeswap is an NFT AMM protocol that improves the liquidity and trading experience of NFT. Users can trade and exchange NFT through the liquidity pool.
Its characteristics are:
- Zero platform fees, and its governance token HADES decides whether to change thereafter;
- The default is zero royalties, but the corresponding fees can be paid based on the user's wishes;
- Progressive buying/selling of NFTs;
- Earn SOL;
Hadeswap's zero platform fees and user-based token governance are its advantages in moving to a better mechanism in the future.
JPEG'd is one of the original NFT lending protocols, and the products behind it are also very attractive. As Blur drives the NFT boom, many people expect the total amount of NFT to increase, which may drive the growth of NFT lending. As one of the top NFT lending protocols, JPEG is positioned to take advantage of low lending rates and its large CRV to increase the liquidity of pUSD and pETH.
In addition, there are some exciting products in development that can continue to drive TVL growth. If you want to get in touch with NFTfi, JPEG'd is definitely not to be missed.
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 certain type of NFT with higher rarity and that of NFT with lower rarity, while the price of traditional NFT AMM does not pay attention to and judge the value of NFT with high rarity.
To this end, LinoSwap introduced the Rarity Function (rarity function) and Rarity-Value Curve (rare-value curve) to value and price high-rarity NFTs and solve the problem of high-rarity NFTs not being recognized in the AMM NFT trading market. issues of importance. For most users who really love NFT, LinoSwap can maximize the value of rare art collections, and it may become the most competitive protocol in the NFT AMM market in the future.
X2Y2 is still one of the most valuable NFT marketplaces I have seen so far, not only do stakers get 100% of the agreement fee, the team has been working hard to generate more transaction volume and interest rates for the project and token.
Products like x2y2 pro are nearing completion and the team is gearing up to improve its tokenomic this year, with regular development and value proposition, x2y2 could become a strong competitor in the main NFT market in the future.
While LooksRare hasn’t been very popular lately, Looks v2 is one of their biggest updates and may bring new attention and users to the platform.
Meanwhile, the incentive discharge schedule has recently been reduced to a minimum and will remain the same throughout the year. If the surge of Blur brings FOMO to the NFT market, LooksRare will definitely attract a wave of attention.
nftperp.xyz is an NFT perpetual trading platform built on Arbitrum, which can track the floor price of NFT, and do long and short on this basis. The highlight of nftperp.xyz is the launch of the vAMM transaction mechanism, which is also a project worthy of attention in the future.click reference
In addition to some of the leading projects in the NFT market mentioned above, Pine Protocol is also a project worthy of attention. It is a P2P lending protocol for NFT, which can provide some interesting functions, such as PNPL. If users need instant liquidity, they can Mortgage NFT, and then pay it back.
Pine also added some interesting improvements, such as auto-renewing loans if you hold enough Pine tokens in your account. The roadmap also states that multi-chain support and a credit marketplace for buying and selling loans will be rolled out next.
Pine’s total transaction volume and lending volume are on the rise, but the protocol is still new and risky. If you want low risk exposure, this might be the protocol to look at.
Botto is an AI-generated art platform, which is usually regarded as a combination of NFT and AI. It can draw inspiration from excellent works in previous art history, generate new works of art through AI, and then be voted by the community.
The revenue from art auctions is obtained by Botto token holders. Botto artworks are sold at a considerable price on SuperRare every week. In addition to the recent popularity of AI, I am looking forward to the future of Botto.
While FloorDAO is not a very well-known protocol, and may even fail, some in-depth research was done. First of all, the market value of FLOOR is currently lower than its treasury value, which is mainly composed of the NFT LP token of the swap fee generated by NFTX.
While this value may fluctuate, if the project fails, treasury is distributed to FLOOR holders, which may enter a safety buffer stage. Another interesting progression is Floor v2 which is currently being discussed and reiterated.
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