GM☕️ Sol chain's TCG cards can now be used for collateralized lending
The Jupiter Offerbook is in public beta, allowing any tokens, NFTs, or TCG cards on Solana to engage in fixed-rate, fixed-term collateralized lending, essentially connecting all assets on the chain to a trustless lending table. It's still in beta, so liquidity is pretty low right now.
Actually, the NFTfi wave tried this whole collateralized lending thing once, but it didn’t last. Whenever a small image project hits a milestone (like snapshots, airdrops, TGE), NFT prices can crash, oracles lag behind, and arbitrageurs clear out the pools in no time, making bad debts hard to manage. Plus, the TVL of these small image projects can't support a viable collateralized lending market, leading them to fade from public view.
Whether TCG can make it this time depends on how large the demand for collateralized lending actually is. If it’s just a small group of users, then this offerbook is just your run-of-the-mill DeFi lending market, not exactly groundbreaking 🫠.
Stay tuned to see if TCG can boost its TVL on Offerbook.
PS: @renaissxyz When are we getting a TCG staking option over on the BSC Chain? 🤤
#OPCG #TCG #Renaiss
The Jupiter Offerbook is in public beta, allowing any tokens, NFTs, or TCG cards on Solana to engage in fixed-rate, fixed-term collateralized lending, essentially connecting all assets on the chain to a trustless lending table. It's still in beta, so liquidity is pretty low right now.
Actually, the NFTfi wave tried this whole collateralized lending thing once, but it didn’t last. Whenever a small image project hits a milestone (like snapshots, airdrops, TGE), NFT prices can crash, oracles lag behind, and arbitrageurs clear out the pools in no time, making bad debts hard to manage. Plus, the TVL of these small image projects can't support a viable collateralized lending market, leading them to fade from public view.
Whether TCG can make it this time depends on how large the demand for collateralized lending actually is. If it’s just a small group of users, then this offerbook is just your run-of-the-mill DeFi lending market, not exactly groundbreaking 🫠.
Stay tuned to see if TCG can boost its TVL on Offerbook.
PS: @renaissxyz When are we getting a TCG staking option over on the BSC Chain? 🤤
#OPCG #TCG #Renaiss