NFTs are coming soon and will have unique features

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2 years ago
Topics: SEPUTAR CRYPTO, Blockchain economy, Types of crypto, Top crypto exchanges
In the last month Loop Markets has undergone many transformations. In addition to various graphic improvements, which in general I have greatly appreciated, main sections dedicated to the Community, Exchange and NFTs have been implemented. If you visit our Community, you will surely have noticed updates such as the mirror relating to the Top 5 crypto of Terra system with the best performance, as well as, at a more operational level, a greater fluidity of the site when loading articles. The Exchange has also undergone some updates, as you can see if you find yourself swapping or Stake/Farm your funds on Loop DEX. The main news on which I would like to focus in this article, however, is that relating to the section dedicated to NFTs. I recently found myself exploring it and found it very captivating. The first clarification to make is that it is currently only a demo, so it is possible to explore it, but not yet buy or create NFTs. From the message that welcomes us we understand that it will be the first NFT markeplace linked to DeFi. In fact, artworks linked to liquidity pools, NFTs linked to DeFi protocols (such as Anchor or Orion) and compatible with staking will be available. Some of these are absolutely new in the field.I didn’t find a lot of information around, but always in the same section we discover that it will be possible for teams to create liquidity for their protocols through NFTs. The procedure should be basically this:

  • The protocols will be able to create a liquidity pool with their own token, receiving the related LP tokens;

  • With the LP tokens it will be possible to create “bond” NFTs, which reserve the owners a fixed return for a given period of time (in the example in    the image above, 100 LOOPs per day for 90 days);

  • The NFT LP Bonds may be sold or auctioned on the Loop Marketplace in order to raise funds and provide liquidity to the protocol;

  • Buyers can stake NFTs to achieve reported returns. If they wish, holders can also withdraw NFTs from staking (thereby suspending returns) and        resell them to other buyers, who can take advantage of the remaining return days.

The NFT LPs will be divided into categories according to the reference token and will vary in yields and graphics (obviously, aesthetics are very important). Although not yet usable, it is already possible to visit the section dedicated to the creators of NFT in which it will be possible, in addition to the minting of NFT, also the creation of a whole series of smart contracts on DeFi using the components and templates provided by the portal.

 

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Written by
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Topics: SEPUTAR CRYPTO, Blockchain economy, Types of crypto, Top crypto exchanges

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