NFT at Work in an Unexpected Way due to Teller Finance’s Mainnet Launch
Unsafe commercial-grade lending is one step closer to making its launch in decentralized finance (DeFi).
And now is the time that they are involving non-fungible tokens (NFT).
Teller Finance’s limited alpha mainnet is now live on the Ethereum blockchain which is followed by a testnet, this year. The protocol links that with traditional finance player Plaid and other data providers to bring real-time credit risk.
And it is taking out from the situation in a subtle way, through NFT liquidity provisioning.
NFT token will not only demonstrate the various commissioned collectibles but will also be used for the protocol’s initial liquidity. The half NFT sale funds will be used in the protocol. The token will be required to participate in the full alpha mainnet.
With the NFT system, there is a way to supply the protocol’s liquidity and reward early community members while offering access to a mechanism for early alpha.
The Teller NFT holders gain immediate APY benefits and will have access to long-term benefits that will be revealed later on.