Unlockd x Abacus: A partnership to unlock efficiency in NFT-backed loans.
Unlockd, the decentralized, cross-chain protocol that unlocks NFT-backed, instant loans while keeping full ownership perks, is thrilled to announce its very first partnership with Abacus, the innovative NFT appraisal protocol that uses optimistic proof-of-stake to create a liquid-backed valuation system.
Abacus is a protocol closely aligned with our decentralized vision since it supplies 100% dependable valuations in an open-sourced, on-chain manner. Abacus proposes a system that operates as a consensus-based coordination game: it applies a combination of optimistic rollup and proof of stake consensus logic to solve the large-scale NFT pricing problem in the crypto world.
The integration with Abacus allows Unlockd to solve problems that currently challenge the efficiency of NFT financialization, while helping Abacus to increase its volume, expand the reach of its L0 solution and grow as a community within the NFT x DeFi ecosystem that Unlockd has the vision to lead. We are thrilled to be able to work closely with one of the most innovative solutions in the field.
Carlos Otermin, Co-Founder of Unlockd, states.
This partnership brings users of the Unlockd protocol game-changing advantages over other NFT-backed loan solutions, especially direct peer-to-peer lending, avoiding a system where demand far exceeds supply of lending capital and leads to many unfulfilled lending potential.
Unlockd loans leveraging the Abacus appraisal and liquidation system will allow borrowers to enjoy a Loan-To-Value well above other alternatives with efficient liquidation thresholds — which translates into more capital unlocked and greater peace of mind when it comes to maintaining Health Factors.
It also opens an immediate liquidation gateway based on the appraised value of the assets, directly integrated with the Abacus system. This will provide Abacus users with a massive increase in participation opportunities, constantly sending assets to be liquidated and opening new pricing sessions— and therefore higher potential to be rewarded for their involvement.
Want to know more about how this exciting partnership will work in detail? Extended blog post coming soon!
About Unlockd
Unlockd is the decentralized cross-chain protocol that unlocks democratized NFT liquidity and utility for Art, JPEGs, DeFi, Metaverse, Real World and Gaming.
Unlockd provides instant, low-interest loans and enables seamless cross-chain borrowing and lending — with Unlockd, borrowers can compound their wealth with NFT-backed loans while maintaining 100% of ownership perks.
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About Abacus
The goal of Abacus is to unlock the world of NFT finance and the benefits it can offer to the larger crypto world. Abacus supplies 100% dependable valuations in an open sourced on-chain manner with a system that operates as a consensus based coordination game.
Abacus applies a combination of optimistic rollup and proof of stake consensus logic to solve the large-scale NFT pricing problem in the crypto world.
