Goblin Sax acquired instant loans app Fluid — which it will rebrand as Goblin Lend — to build out the product alongside its current NFT lending service.
The app will be rebranded to Goblin Lend.
Formerly known as Gringotts DAO, Goblin Sax is one of several NFT loan platforms that have popped up over the last year that targets NFT holders looking to unlock liquidity without selling their nonfungible tokens. a loan for $1.4 million over 30 days at 9.69% APR. The collateral was a rare NFT from the generative art collation Autoglyphs."The instant loans app will enable users to click a few buttons and take a loan instantly", the DAO's head of integrations, who goes by"Arentweall," told The Block.
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