Provides liquidation opportunities for small NFT projects unavailable to collateralize elsewhere.
What is LlamaLend?
Llama Lend allows users to borrow ETH by collateralizing smaller NFT collections that are outside of the main markets. The interest rate is fixed at the creation of the loan is determined by pool utilization rates. Once the NFT is given, 1/3 of its values is provided in ETH. They then have two weeks to repay the loan and will only be charged interest for the time used.
