Astaria launches revolutionary NFT lending platform
NEW YORK, 25 May 2023 /PRNewswire/ — Astaria () officially launches its long-awaited NFT lending protocol. After an extensive closed beta period, Astaria is now public. Borrowers can use the protocol to borrow on customized terms for over 300,000 NFTs. Liquidity providers can now receive best-in-class returns on their ETH without any domain-specific knowledge.
Astaria’s platform stands out with its unique three-player model involving strategists, borrowers and liquidity providers. This model is designed to decouple the need for specific NFT knowledge from capital investment, making the process more accessible to those without extensive domain knowledge. Liquidity providers provide the capital and earn returns, while strategists, who are experts in the NFT space, set loan terms.
The public beta means an expansion of access for all borrowers and liquidity providers. Borrowers, whose NFTs have been assessed by Result, can now explore the various loan options available on Astaria’s platform. This expanded access is an important step in the platform’s evolution and reflects Astaria’s commitment to providing accessible, innovative financial solutions to a wide range of NFT holders.
Astaria is launching with a pre-funded vault with terms provided by Upshot that will offer a variety of risk and reward options to suit users’ needs and preferences. The Astaria protocol generates returns from new loans, which are distributed to liquidity providers.
“The start of our public beta is an important milestone in our journey to revolutionize NFT lending,” said co-founder and CEO Justin Bram. “We are grateful for the continued support of our community and early adopters and look forward to further developing our platform.”
Astaria invites NFT owners with assets rated by Upshot to participate in the public beta by visiting to explore their loan options. Those interested in becoming liquidity providers and earning returns can also visit Astaria’s website to learn more about depositing into an Astaria vault.
For further information, follow Astaria on Twitter (https://twitter.com/AstariaXYZ) for the latest updates.
SOURCE Astaria Labs