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bitcoin
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    HomeCrypto Finance

    DeFi borrower makes use of luxurious watch-backed NFT as collateral for a mortgage

    Crypto Finance
    admin
    By admin
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    Latest News

    A nonfungible token (NFT) collector shared the story of how a decentralized finance (DeFi) mortgage was collateralized by a luxurious watch and was facilitated with an NFT representing the asset.

    On July 11, pseudonymous DeFi venture adviser CirrusNFT defined how a person was capable of borrow $35,000 from one other person through the use of an NFT that represented a bodily merchandise as collateral for the mortgage.

    Patek Phillipe watch used as collateral for DeFi mortgage. Supply: Arcade.xyz
    Group member sharing their ideas on the matter. Supply: Twitter

    Proceed Studying on Coin Telegraph

    See also  September ‘crash’ to $22K? — 5 issues to know in Bitcoin this week
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