Blur is about to launch the peer-to-peer perpetual lending protocol Blend, using NFTs as collateral

ChainCatcher news, the NFT trading platform Blur officially announced that it will launch a peer-to-peer perpetual lending protocol called Blend, using NFTs as collateral, within 1-2 hours.

Blend has no oracle dependencies and no expiration date, allowing borrowing positions to remain open indefinitely until liquidation, with interest rates determined by the market.

The fees for borrowers and lenders on Blend are 0. Similar to the Blur marketplace, Blend fees are controlled by BLUR Token holders, who can decide whether to start charging fees after 180 days. (Source link)