ParaSpace Lending V1

Paraspace Lending protocol is a decentralized lending platform that allows users to borrow and lend against both non-fungible tokens (NFTs) and fungible tokens. It is a cross-margin NFT lending protocol, meaning it enables users to collateralize both ERC-721 and ERC-20 assets into a single borrowing position. This permissionless protocol provides users with the ability to earn passive income by supplying tokens to lending pools and enjoy auto-compounding APY. With blue-chip collaterals helping to stabilize the NFT lending ecosystem, Paraspace has gained traction in the industry, accumulating significant loan volumes since its launch.

Updated 59 mins ago.

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$11.6M

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15.7%

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