The NFT Bid-Loan DEGENy Strategy | Project: XCOPY max pain loans

Theme: NFT Loan Offer Strategy

• Strategy is to offer loans in WETH or DAI at a low LTV (loan to value ratio)
• If borrower pays back, earn 40%+ 
• If borrower defaults (fails to payback loan), get the NFT
• Thread on SquiggleDAO’s recent Pipe Squiggle acquisition using this strategy
• https://www.benddao.xyz/app/dashboard/my-nfts
• https://www.nftfi.com/ 

• Affordable project: https://app.nftfi.com/lend/assets  max pain play 

• NFT News
  • Uniswap in talks with 7 lending protocols to 'build NFT financialization' 
  • Over $100 million worth of NFTs were stolen in the last year: Elliptic
  • NFT exchange SudoRare suffers $800,000 ‘rug pull’ six hours after launch 
  • FEWOCiOUS Hits Milestone with New All-time High - NFT Plazas 
  • Art auction house Sotheby’s hires an NFT specialist 
  • Y Combinator alumni raise $80 million for DAO to back crypto startups | TechCrunch
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Image: 

https://s.mj.run/VSWU20HwRJY scooby Doo in Andy warhol style - @myth47.eth