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🎉 How NFTs & DeFi Bring Benefits to Users in BNBChain 🚀

In the DeFi space, NFTs have begun to carve out a niche outside of the creative, artistic aspect💪

There's more to NFTs than collectible artworks and creations🚀

Learn more in our threads👇

BNB BSC METAVERSE

Highlight NFTs & Collections @RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc Highlight NFTs & Collections @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT DeFi Platforms @PancakeSwap @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO NFT Marketplace @RadioCacaNFT @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @melos_studio @nftbmarket

Infrastructure @CelerNetwork @MultichainOrg @EverRise

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 1/ What Is DeFi? DeFi offers a blockchain-based way to access a range of financial services, including borrowing, lending, savings, trading, and liquidity provision.

With DeFi, it's easy to stack services together to create new, innovative products.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 1.2/ One of DeFi’s key characteristics is that it has no intermediaries. While different decentralized applications (dApps) and services facilitate the processes, users are still connected directly to parties who want to trade, lend, loan, or conduct any other activity with them.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 2/ What Are the Benefits of DeFi? • Accessiblity. Anyone with a wallet can access DeFi services, making it an egalitarian service. • Transparency. All transactions and products are visible on the blockchain — nothing is hidden.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 2.1/

• Decentralization. There is no one central authority that processes transactions. Traders and users deal directly with one another, facilitated

• Inter-operabilty. Even across different blockchains, DeFi products can often be used together to create new products.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 3/ How Do NFTs Store Value and Work With DeFi? NFTs have typically been synonymous with art and collectibles.

When we look at finance and investment, there are many unique assets that possess value as well. Examples include real estate and deeds of ownership.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 3.1/ How can NFTs benefit DeFi? Bringing these assets on-chain as virtual tokens can help to perpetuate the benefits of decentralization associated with DeFi, which offers transparent and verifiable methods of interacting with others.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 3.2/ A blockchain system for selling such permits would create a transparent market that helps buyers and sellers find the best deals. As pollution permits are all unique, they present a solid use case for being tokenized as NFTs.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 4/ DeFi Applications for NFTs 4.1/ Loan collateralization

When it comes to loan collateral in crypto, the DeFi model typically uses cryptocurrencies & fungible tokens. For example, to mint the stablecoin DAI, you must provide crypto collateral in an amount larger than your loan.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise Many NFT collections now have easily distinguishable floor prices, making them relatively simple to use as collateral. For example, you could use a Bored Ape Yacht Club (BAYC) NFT worth 200,000 as collateral for a 100,000 loan on a DeFi NFT loan platform.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 4.2/ NFT staking benefits NFTs can be easily designed to provide their holders with utility & benefits. E.g, some DeFi projects offer entry into certain staking pools only to holders of a certain NFT. This gives the NFT value based on the attractiveness of the staking pool.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 4.3/ DeFi governance DeFi governance typically takes the form of token holders having voting rights based on how many tokens they hold

However, some DeFi projects have seen limitations with this model & experimenting with adding permanent members or councils to the process.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise To facilitate this, these DeFi projects permit the use of NFTs that grant their holders voting rights. These NFTs are often called soulbound tokens (SBTs), meaning that they are non-transferable and will always be held in a specific wallet.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 4.4/ NFT marketplaces that bridge NFTs and DeFi The continued growth of NFTs has given rise to alternative decentralized NFT marketplaces, one of which is Sudoswap.

A seller does not have to wait for a buyer to provide liquidity when they want to sell an NFT.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 5/ DeFi NFTs Are Growing Once you understand that NFTs can possess value beyond their typical usage in artworks and other collectibles, you'll begin to see their vast potential. Both DeFi and NFTs are incredibly young technologies and still have a long way to go.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 5.1/ However, we're already starting to see their maturation with more advanced and nuanced use cases. What began roughly 10 years ago with the likes of Colored Coins and CryptoKitties is now living up to its potential in the DeFi world.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 6/ Final thoughts One of the most important factors associated with the applications of NFT and DeFi together is the verifiability of ownership. The ease of proving NFT ownership opens up the DeFi space for NFT holders to obtain loans with NFTs as collateral.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 6.1/ Most important of all, it is important to know that NFT has the capability for allocating value to almost anything. DeFi, on the other hand, helps in unlocking the value of a specific asset.

@RadioCacaNFT @BabyDogeCoin @MOBOX_Official @HALONFTOFFICIAL @BinemonNft @nft_honor @WonderfulDay_io @FitRofficial @MetaShooter_gg @FancyBearsMeta @OthersideMeta @pudgypenguins @PancakeSwap @TheBullSoc @melos_studio @PixelSweeper @The_BirdWorld @bullbtcclub @BombCryptoGame @AgeOfGodsnet @amazyio @StarSharks_SSS @Dracoo_Master @PKGNFT @Biswap_Dex @VenusProtocol @AlpacaFinance @babyswap_bsc @ape_swap @BreederDodo @Nomiswap @NominexExchange @OfficialPearDAO @NFTKEY @tofuNFT @BitKeepDaily @BitKeepOS @Element_Market @NFTradeOfficial @nftbmarket @CelerNetwork @MultichainOrg @EverRise 6.2/ NFT-backed loans are slowly gaining popularity and the growth of NFT DeFi as one would spell broader horizons of innovation. With the rising number and depth of users, DeFi and NFTs could transform the way we view assets, tokens, and financial services.

This post is based on this twitter thread.

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