Decentralized NFT Lending Platform signum Launches On Tezos Mainnet
signum
signum launched on the Tezos mainnet on 1 October 2022 following 6 months of growth.
signum was additionally examined extensively by a bunch of customers previous to launch together with a mixture of builders, collectors, artists, and neighborhood managers.
The hyperlink to the web site will be discovered right here: signum.loans
signum is a decentralized peer-to-peer DeFi platform on the Tezos Blockchain which allows you to use your NFTs as collateral to get loans (liquidity) in Tezos cryptocurrency (tez/XTZ).
It is usually a platform the place lenders can use their liquidity to earn enticing premiums in short-term loans, with the added safety of claiming NFTs as collateral within the case of default.
“We’re proud of our unique service to the Tezos community, which we hope will bridge the DeFi community with the NFT art community.” – PureSpider, Principal signum Developer
signum is a decentralized DeFi service. It’s not managed by any centralized or personal group. It’s a stand-alone platform that utilises a wise contract to securely coordinate loans between two events.
“Our product aims to provide access to DeFi loan services for people with varying skills and interests which have not previously delved into the Defi world.” – Pierro, Idea, and Advertising and marketing
Lenders have an opportunity to make use of their idle liquidity to earn enticing premiums, and within the case of defaults, purchase precious tokens at doubtlessly less expensive costs. There aren’t any platform charges payable by lenders.
Debtors can utilise liquidity for servicing fast wants resembling brief and long run funding alternatives, actual life wants, eradicating the necessity to promote a precious token and eradicating the necessity to entry funds from vaults for brief time period wants.
“We are excited to bring our service to the community we have been a part of for so long. It’s a great time to be launching signum.” – Matthew Tsirides, Person Interface/Person Expertise (UI/UX) Lead
signum Workforce:
PureSpider: Principal Developer/Good Contracts. PureSpider is well-known for his helpful instruments within the Tezos ecosystem, for instance his batch sender and fxhash-pfp template.
Matthew Tsirides: Person Interface/Person Expertise (UI/UX) Lead. Matthew Tsirides is well-known because the creator of Ring Worlds.
Pierro: Conceptualist/Usability Tester/Advertising and marketing. Pierro is well-known for his Folks of Tezos pfp assortment.
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