Nearlend DAO

Nearlend DAO is built on top of NEAR and is looking to provide liquidity and provide services such as lending and borrowing for both crypto and NFTs.

Nearlend DAO aims to become the best liquidity hub of the Near Protocol. By adopting a dynamic interest rate model and creating capital-efficient pools, allowing for different collateral types to be fully utilized safely. In particular, Nearlend DAO uses twin interest rates for consumers, both variable and stable. This solution ensures that users have capital flexibility. In fact, as compared to Nearlend DAO’s competitors, the twin interest rate is an advantage.

Alongside the cryptocurrency lending service, Nearlend DAO will focus on creating a protocol for NFT-Fi. NFTs will be supported as collateral on the Nearlend Dapp for borrowing cryptocurrency under attractive rates. NFT liquidity on Near is currently quite limited, but that’s a great opportunity to invest in the future. We believe that NFT-Fi will become the best way to use illiquid, high-worth, NFTs. Selling NFTs is a taxable event, but borrowing against it isn’t. So using your NFTs as collateral and using the borrowed crypto to gain yield, give NFTs the ability to earn yield! Nearlend DAO will be the first one to develop this protocol on the NEAR protocol and we aim to be the leader of the space.