Fungify is a new and interesting project. It offers a non-custodial NFT index as well as an algorithmic lending protocol. Thanks to this platform, customers will be able to exchange NFTs very quickly and get loans with NFTs as collateral. Additionally, they can purchase NFT index tokens that will generate returns for their owners over time.
The company aims to solve some of the most challenging problems in the Defi space. You want to make NFTs more accessible to multiple users. To achieve that goal, the team created MarketVault. The latter allows NFT holders to automatically obtain liquidity. That is a great benefit, since liquidity is very important for token exchanges. While most of the platforms do not accept NFT as collateral, this is another advantage that this platform offers.
According to the group, MarketVault can receive NFTs without permission. Thanks to such a function, it provides sufficient liquidity. The firm also added an algorithmic interest rate control mechanism. It is crucial to balance the demand for liquidity. Also, this system stabilizes MarketVault.
Fungify also stated that its decentralized NFT index token (with the ticker – $NFT) is a by-product of MarketVault. This token allows investors and traders to become part of the broader Defi community. They do not need to worry about the liquidity of the individual NFTs. Furthermore, the company claims that this index is better than its alternatives in that it provides equity returns. MarketVault backs this token, and its holders can easily redeem it if they wish.
The company also has a native utility token – FUNG, which ranks quite high on various ICO listing platforms. There are 1 billion ERC20 tokens in total. The team plans to launch an ICO sale soon. Overall, the Fungify ICO has great potential. This project also has a well-defined roadmap.
What is Rysk Finance and what does it offer?
Rysk Finance is a new platform that offers great services. It will produce a competitive return despite market volatility. In fact, the team noted that market conditions would not influence client earnings. That makes this project stand out among similar token-based yield farms. The company relies on financial engineering to achieve such a result. Thanks to this strategy, clients will be able to access higher yields. In addition, the company values transparency. Thus, your users will have complete information about the risks they are taking.
The company created several excellent products to better serve its customers. Among them is the Dynamic Coverage Vault (DHV). It is an innovative vault of autonomous options. DHV writes and buys options to generate neutral delta returns for its liquidity providers.
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