PFP Holders Now Have New Lending Options on X2Y2
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.