🚬Introduction to JPEG'd
Peer to Protocol NFT Lending
Last updated
Peer to Protocol NFT Lending
Last updated
JPEG’d is a decentralized lending protocol that allows users to obtain loans using non-fungible-tokens (NFT) as collateral. Loans can be in pETH (the Ether synthetic of JPEG’d) or PUSd (the stable synthetic of JPEG’d) and have a max loan-to-value (LTV) ratio of 70% (including boosts). In essence, JPEG'd empowers users to leverage their NFTs and unlock liquidity without ever selling.
The protocol is governed by the $JPEG token, which oversees, administers, and changes parameters.
JPEG'd is completely permissionless, decentralized, and is not controlled by any central entity. JPEG's mission is to bridge the gap between DeFi and NFTs by eventually allowing holders of any NFT collections to obtain a line of credit.
JPEG'd offers a unique Peer 2 Protocol lending mechanism, similar to Maker DAO's and DAI. This allows instant borrow and opens up unique yield opportunities for NFT holders.
Use your NFTs to borrow pETH or PUSd.
Instant liquidity, no need to wait for pairing
Perpetual fixed terms loan all the time
The lowest NFT lending borrow rates (starting from 2% yearly)
Unique rare traits valuation on selected collections
Liquidation Insurance
Optimized UX for large NFT holders
Unique yield opportunity with pETH/WETH and PUSd/3CRV Curve pools
Telegram notification bot for easy position monitoring
DeFi standard Chainlink oracles
Borrowing on JPEG'd is capital efficient, worry free and convenient.
Discord: https://discord.gg/jpegd-dao
Telegram: https://t.me/jpegd
Twitter: https://twitter.com/JPEGd_69
Medium: https://medium.com/@jpegd
Coingecko: https://www.coingecko.com/en/coins/jpeg-d
CoinMarketCap: https://coinmarketcap.com/currencies/jpeg-d/
