NFTs that have not fallen but risen recently Here are a few NFT loan projects

• NFTs are an asset class in cryptocurrencies that are traded in the billions of dollars each month.

• The problem with NFT is that it has poor liquidity. Like Bitcoin, it can be sold immediately, but NFT may take months or years before someone buys it.

• When selling an NFT, we have to sell the whole thing. Our only solution name NFT lending.

It consists of 4 parts::

NFT lending replicates a classic model in the lending market: pairing lenders with borrowers.

NFTfi is a popular p2p NFT lending platform. When we put NFTs as collateral on the platform, we will receive loan offers from others. As part of the loan agreement, the platform automatically transfers our NFTs to a digital vault. When we repay the loan before maturity, we can put our NFT back in our wallet. If we default on our loan, the lender will receive our NFT at a substantial discount. Drastic changes in the base price of NFT collectibles will not affect the loan terms: it is a peer-to-peer agreement. NFTfi charges lenders 5% of the interest earned on a successful loan (no fee if the loan defaults). Borrowers are free to use the platform.

The peer-to-peer NFT platform allows us to borrow directly from the protocol. These NFT lending platforms rely on liquidity providers to add crypto funds to the protocol pool. Borrowers can access liquidity immediately after staking NFTs and lock them in the protocol's smart contract-driven digital vaults. BendDAO is a popular platform that works under a peer-to-peer protocol model. As of May, the protocol had around 1,000 NFTs collateralized, including 273 Bored Ape Yacht Club NFTs. The platform uses Chainlink oracles (a bridge connecting blockchains and data streams) to communicate reserve price information to OpenSea . BendDAO liquidates collateralized NFTs when the reserve price of the collectible falls below a health factor that takes into account the market value of the NFT collateral and the amount borrowed. There is a 48-hour waiting period before any liquidation takes place, giving NFT owners a chance to save their beloved NFT from slipping away from them.

JPEG'd offers NFT debt positions. As of May 2022, the platform has a total value locked (TVL) in its smart contracts of 4,400 ETH . Users use white-listed blue-chip NFTs such as CryptoPunks as collateral to borrow the synthetic stablecoin $PUSd, which is pegged 1:1 to the US dollar. As a borrower, you can use $PUSd to provide liquidity on the protocol and earn interest, or you can exchange it for other cryptocurrencies to find opportunities elsewhere, and when the borrower repays the loan, you can take back control of the NFT right. JPEG'd uses Chainlink oracles to monitor the market price of its NFT collateral.

reNFT is a popular platform. It is a license-free market for potential tenants and tenants with varying terms and conditions of lease. Instead of locking up NFT collateral in a digital vault, the protocol facilitates peer-to-peer NFT leasing, where assets are transferred from one wallet to another during a "lease period." As a tenant of a rented NFT, we will gain full access to token privileges, such as the Discord server or whitelisted giveaways available to holders of certain NFTs. While the protocol allows NFT owners to gain liquidity, its motivation is not necessarily to earn yield for those who buy the "lease."

Source: https://medium.com/coinmonks/how-to-earn-easy-money-by-lending-nft-bd55b27183f3