Salvor, a peer-to-peer (P2P) nft and memecoin lending platform, has joined the Avalanche program and received up to $1 million in $AVAX from the Avalanche Foundation.
Operating on Avalanche C-Chain, Salvor offers dynamic lending and borrowing. market where participants can use their nfts and memecoins as collateral, improving liquidity and financial flexibility across the Avalanche network.
The Avalanche Rush program, a liquidity mining initiative active since 2021, has significantly boosted the Avalanche DeFi ecosystem by improving accessibility, decentralization, and profitability.
Through this initiative, Salvor participants can earn points for tasks such as creating loan offers, borrowing, and trading. These points can be redeemed for rewards in $AVAX or Salvor's $ART token.
Source: x (Salvor)Salvor's Specialized Tactics in nft Lending
Since launching in November 2022, Salvor, which hosts over 800 nft collections, including big names like Dokyo, MadSkullz, and Chikn—has gone from being an art-focused platform to a important nft Lending and Trading Center.
The platform simplifies lending by allowing users to borrow $AVAX using their nft assets as collateral, with lenders earning interest on short-term loans.
Additionally, Salvor streamlines trading with bulk actions in a single transaction to save time and reduce gas fees. and Includes a dedicated group balance to manage deals, offers, and loans.
It also offers targeted offerings for strategic control, lower interest rates for timely payments to reduce borrowing costs, and fungible token loans for diversified investment opportunities.
Each feature of Salvor is designed to improve both efficiency and flexibility for traders dealing with large volumes of digital assets.
Participation in the Avalanche Rush program underscores their dedication to promoting nft and memecoin trading and lending on the vibrant Avalanche network.
Get started today with Salvor's innovative platform >> Here
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