The need for better liquidation incentives As of today there have been 2 loans totalling 66,7 ETH that exceeded their borrow limits and have not been liquidated yet. The loans are still over collateralized, however the issue lies in how the protocol handles liquidations when only a single NFT is supplied as collateral. How current liquidations work? In order for…

Attention Drops fam and frens! We’ve rolled out a very important update to NFT lending pools and markets and wanted to share the news: TL;DR Updated lending pool structure merges different collections (based on risk profile) to aggregate liquidity and simplify the process Migration is not required until features like…

The Drops NFT ecosystem is growing! Only a little over a few months since our mainnet launch, we’ve already deployed 8 NFT collections — and the list keeps on growing. We’re excited to announce that another successful community vote was passed on our Snapshot forum to list The Sandbox LAND…

We’ve always been fully committed to bringing the very best to our community, and things just keep getting better at Drops. DAO governance is the cornerstone of our platform and has been the driving force for listing new NFT lending pools, letting veDOP holders take the reigns and have a…

Drops DAO is the gateway to metaverse financing where users can leverage their NFTs as collateral to receive instant, permissionless loans. Since the launch of our mainnet, we’ve seen an influx of collateralized NFTs from blue-chip token holders across the board. But things aren’t just stopping there. Our team is…

Decentralized governance continues to pave the way forward for NFT collections on Drops DAO. Ever since we launched veDOP, there have already been several proposals on our Snapshot forum where the community decides on future lending pools. This week, the community has spoken! A vote was passed to list Squiggles…

Today, we’re excited to announce that we’re deploying another new NFT lending pool, this time for the popular CyberBrokers collection! You heard that right — we’re adding more NFTs into the mix on our platform to continue build the comprehensive ecosystem we’ve set out for from the very beginning. The…

Ahoy, fellow Dropsmans! Ever since we officially launched our mainnet on May 4, 2022, we’ve been off to the races with further developing our platform through various efforts. We’ve also been listening closely to our community for your valuable feedback and thoughts. …

Decentralized governance is a core component of DeFi (decentralized finance). Drops recently announced the launch of the veDOP token, now allowing DOP holders to participate in protocol governance through voting and other methods. Now, it’s time for us to take things to the next level. We’re thrilled to announce our…