PFP Holders Now Have New Lending Options on X2Y2

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The X2Y2 marketplace is rolling out its new peer-to-peer (P2P) NFT lending service to four new collections today, according to a tweet sent this morning.

Holders of Azuki BEANZ, Moonbirds, World of Women, and Bored Ape Kennel Club NFTs are now eligible for the service.

The X2Y2 NFT Loan product is similar to other existing P2P services such as NFTFi, where lenders are paired up with borrowers directly on the platform and come to their own terms on the loan amount, size, interest rate, and duration.

This differs from other services such as BendDAO, where NFT assets have set loan-to-value rates with liquidation thresholds; on X2Y2 there is no liquidation threshold.

The X2Y2 team shared a thread with other ways their lending product is different, including safety, better ETH utilization through a multiple offer mechanism, collection loan offer functionality, trait-based loan offer functionality, and 0 percent fees.

Those interested in the service can head over to x2y2.io/loan to learn more and get started.

Author Bio

Tyler Warner

Tyler is a high-volume NFT trader, having reached the top 100 in NFT sales revenue using NFTBank’s rankings, a Pengu maxi (in Luca we trust), and a writer for Lucky Trader. Tyler’s writing spans market analysis, news breakdowns, project ecosystem overviews, and web3 opinion pieces.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.