X2Y2 introduces NFT lending protocol called X2Y2 Fi
The famous NFT (non-fungible token) market called X2Y2 has recently released an exclusive update. The company has mentioned that it is launching its version 3. In addition to the respective update, it has also pointed out that a new protocol will be established by it. The function of the latest protocol will be loans, refinancing, as well as lending of non-fungible tokens (NFT).
X2Y2 announces the launch of a protocol specified for NFT lending
While sharing these updates on its official Twitter channel, the platform added that it has been building NFT loans for up to seven months. In this connection, the firm has arranged for more than 11,000 NFT-based loans. The launch of the latest NFT lending protocol is a further step in the same direction. The official address of the NFT lending platform is fi.x2y2.io and it has now been formally launched by the NFT market.
The company gave more details about the latest project, saying that X2Y2 Fi plays the role of a capable module that operates within the ecosystem of X2Y2. According to the platform, the respective protocol is specifically established to provide professional financial services regarding NFTs. Furthermore, the firm is of the opinion that the exclusive project will operate under the fi.x2y2.io subdomain.
In addition to this, the firm specified that NFT’s entire loan business, taking into account borrowing, lending and refinancing, will be carried out under the subdomain X2Y2. In the company’s words, this project will offer a unique way for consumers to generate value using their NFTs.
The popular NFT market also announces the launch of its V3 update with several new features
With the new project as well as the team of developers, the platform will significantly accelerate the release of the latest features. The launch of X2Y2 Fi comes in parallel with the introduction of the new and upgraded version 3 of the smart contract. The most important thing in version 3 is the company’s determination to offer an unparalleled consumer experience for both borrowers and lenders.
The latest version brings a package of compelling features that take into account automatic refinancing (expected soon), optimized gas fees and cancellation of loan offers without gas fees. Another feature allows lenders to make loan offers to be accepted for an adjustable loan amount.
