X2Y2 launches peer-to-peer NFT lending feature

Chain Catcher news, the NFT trading market X2Y2 has launched a peer-to-peer NFT loan feature. Users holding whitelisted project NFTs can borrow ETH by collateralizing their NFTs, thereby releasing the liquidity of their NFT assets. Lending can be differentially priced based on rarity.

As of now, the whitelisted projects include BAYC, Azuki, Doodles, Otherdeed for Otherside, etc. The platform has completed 10 lending transactions. (source link)