Announcing Strategic Partnership with Strip Finance
We are chuffed to announce that the BlockPad has entered into a strategic partnership with Strip Finance, a collateralized borrowing and lending platform for NFTs.
At BlockPad, we strive to align with innovative ideas that believe in our vision of establishing investor confidence with the help of a multichain suite of DeFi applications. Disseminating our vision, we are contented to announce our fruitful partnership with Strip Finance.
Strip Finance is solving the existing liquidity gap in the non-fungible token (NFT) space by providing a collateralized NFT lending and borrowing platform on BSC. Thus, it provides a gateway to get attractive yields while letting owners borrow on their assets.
It provides NFT owners direct access to untapped liquidity by letting them borrow supported currencies without selling them off, giving them the power to enhance their NFT collection while being true owners of their collateralized assets. On the other hand, lenders receive satisfactory yields along with a chance of acquiring defaulted NFTs at discounted prices.
Strip Finance also plans to offer projects requiring liquidation of their recently launched tokens a capital by collateralizing project tokens so that they don’t have to sell a significant portion of the total supply. It considerably benefits communities as there will not be extra tokens in circulation, maintaining the token price at satisfactory levels.
We will be leveraging this partnership in various ways — including but not limited to:
- Strengthen our communities and offer NFT owners a platform for borrowing stablecoins in a decentralized manner
- Spread our vision and grow the BlockPad ecosystem by projects introduced by Strip Finance
- Introduce early-stage projects a collateralized borrowing in order to maintain token circulation and token price over exchanges
- Support NFT owners by solving their liquidation issues
The BlockPad team is excited to support innovative approaches brought by Strip Finance in the crypto space. We look forward to the foreseeable future with the utmost confidence and progress of the partnership.
The BlockPad is a multichain network of decentralized applications that acts as a gateway to the Web 3.0 ecosystem. It predominantly solves the issue of investor confidence in Decentralized Finance (DeFi) by providing a suite of decentralized and intuitive products with compatibility of multiple blockchains.
It offers a decentralized way to safeguard investors from a range of projects that might pull out the liquidity or sell off vested tokens. On the other hand, projects can leverage its ecosystem from raising funds to support tokens by staking and liquidity mining applications.