Try Quests to earn cryptoBorrowing Activity in Blend Protocol
What is Blend?
- Blend is the new Lending Protocol Launched by Blur on May 1, 2023.
- A difference from other Crypto Lending Protocol in the web3, where users deposit crypto assets such as $ETH to borrow other crypto assets like $USDC, now borrowers can put their NFTs as collateral to borrow Blur Pool Token, commonly known as Blur $WETH.
- At the moment there is support for 5 different kinds of NFT Collections, Azuki, Degod, Wrapped CryptoPunks, Milady, and Boners.
- There are a lot of incentives for lenders, and this idea allows borrowers to purchase NFTs at a lower cost using their Buy Now, Pay Later Function.
