Just approximately one week since our mainnet launch, we’ve already added 4 NFT collections to our lending pool. Users continue to enjoy the benefits of NFT collateralization on Drops now that our tech is fully up and running.
Today, we’re pleased to announce that we’ve added yet another new NFT lending pool to our platform for the Moonbirds collection! This means that any Moonbirds NFT collection holder can now collateralize their assets to receive instant loans.
The Moonbirds NFT collection LTV (Loan to Value) is 50%, with an ETH as an available assets to borrow.
You can start collateralizing your Moonbirds NFTs here: https://drops.co/lending/pool/3/
About Moonbirds
Moonbirds is a new and popular NFT collection of 10,000 PFPs (Picture for Proofs) represented by digital cartoon pixelated owls, each with its own unique traits. These Moonbird NFTs are special assets, as they unlock certain features such as a membership to a private club and other benefits that become more attractive the longer they’re held.
This holding process is called nesting and is unique to Moonbirds. If the NFTs are nested for a longer period of time, they accrue additional benefits, including tier levels and nest upgrades. This allows the Moonbirds NFTs to achieve higher status and receive more lucrative drops and rewards.
Here are the most recent analytics from OpenSea and Dune Analytics:
- # NFT Items: 10,000
- # Owners: ~6,500
- Floor Price: ~$49,500 (23.5 ETH)
- Total Sales Volume: $294M (140K ETH)
More to Come
Currently, we have 5 NFT collections available to be collateralized on the Drops DAO platform — Moonbirds is an integral addition to our available lending pools, as we’re striving to introduce NFT collections with the highest liquidity and traction to kickstart our platform’s full launch. This is only the beginning, as we have big plans to continue rolling out more NFT lending pools.
Stay tuned on our social channels to receive the latest updates on future additions — exciting things are in store for the future!
About Drops DAO
Drops DAO provides loans for NFT and DeFi assets, supplying them with much-needed utility.
The protocol uses lending pools that enable any type of NFT asset to be used as collateral — from collectibles and metaverse items to financial NFTs. Users can leverage their idle NFTs and DeFi tokens to obtain loans and earn extra yield.
