Recently, we’ve heard this concern from the NFT community with many NFTs getting liquidated on Blend. Fortunately, none of X2Fi’s borrowers have faced this issue. Keep reading to find out how you can borrow with peace of mind.
Keeping Your NFT Despite FP Crashing
Not too long ago, when NFT floor prices dropped, many lenders on Blend recalled their loans, leading to mass liquidations. Even after the floor prices rebounded, borrowers lost their NFTs. With X2Fi’s fixed-term loans, borrowers retain ownership of their NFTs despite floor price volatility.
Fixed Due Date & Interest Rate
With X2Fi’s fixed-term loans, borrowers get a fixed due date, interest rate, and repayment amount, offering more predictability. On Blend, lenders can recall the loan anytime, leaving borrowers little time to respond, especially when floor prices are volatile.
NFT Protection for Borrowers — Exclusive to X2Fi
If borrowers forget to repay their loan, X2Fi allows users to extend the loan for a small fee (optional). To date, over 1,005 NFTs (worth $7M) have been safeguarded with X2Fi’s NFT Protection.
X2Fi: Safe and Predictable NFT Loan Platform Loved by Users
Here are some stats from X2Fi’s years of operations:
Total Loan Value: $285,025,538
Number of loans: 27,281
Protected NFTs: 1,005
Accrued interest: $5,317,536
Many of our users choose X2Fi for its security, predictability, and seamless functionality. We can’t wait to see you at http://fi.x2y2.io!
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