PawnFI protocol - decentralized liquidity protocol for non-standard assets.
I bring all crypto investors and not so much:0
Basically, all you guys, like me, who believe in the future of the crypto industry.
Before I tell you about PawnFi, I will start with some terms that some people are not familiar with:
1)NFT - (non-fungible token) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded.
2)Stacking - is a method of passive income where users store coins on the Proof of Stake (PoS) algorithm and ensure that the blockchain works. This gives them the right to make a profit.
3)Leverage - (margin trading) In essence, margin trading is nothing more than conducting transactions to buy and sell assets using borrowed funds pledged against a certain amount, which is called margin.
I think you already understand a little bit what we're going to talk about, but have patience, it's even more interesting. :)
Let's go in order: Imagine a wonderful world in which NFTs of popular collections (for example: CryptoPunks, BAYC, MAYC and etc.), representing a financial asset with a certain liquidity, gets the function of a financial instrument. Interesting, right?;)
PawnFi allows you to stacking, Leverage (marnig trading) and Locking your NFT and then benefit (reward, profit).
Same as with tokens on other projects only now with your NFTs!
On March 5, PawnFi published a post on its official Twitter account stating that coinlist.co would be the official launchpad for their token.
This is undoubtedly a huge plus in promotion.
PawnFi links:
Site: https://www.pawnfi.com/
Discord: https://discord.gg/pawnfi
Twitter: https://twitter.com/pawnfiofficial