Collect Yield
Collect Yield, Trade, Borrow and Lend Yield-Bearing NFTs in Open Markets. Simple and Easy.
Collect Yield is a lending and borrowing protocol developed by NFT early adopters and developers that have been in this space for more than two years, believing it would incetivise NFT users to use (and earn) with their assets.
For example, we know a user that holds near 90 Unstoppable Domains , but does not want to sell them. With Collect Yield, they can lend their domains to any user for a given borrowing period. The collateral needed for the borrower to get the NFT will accrue interest in several different services during the borrowing period.
The protocol connects to top DeFi lending protocols, such as Compound, Aave, Yearn, and others. Once a borrower returns the NFT, the lender receives the interest accrued and their asset goes back into the pool. If the borrower never returns, the lender can take the interest accrued and the collateral.
A pretty cool thing is that when a user lends an NFT, they get a new NFT in return that we call the Lending Rights. You can sell, transfer or lend these Lending Rights just like any NFT. The holder of the rights gets the interest accrued and "full control" of the underlying NFT.
The NFT + DeFi space is growing. So... you can borrow an NFT from Collect Yield and go on NFTfi and take a loan on that NFT, for example. You just have to pay attention to the periods in which you are an eligible "owner" of the NFT to return it on time.
