NFT lending, borrowing, and shorting marketplace and underlying protocol. Borrow NFTs - Bet against NFTs - Earn low-risk interest on your NFTs. Live on Sepolia.
Introducing Balloon - A decentralized marketplace where you can lend, borrow, and short NFTs.
Learn more! โฌ๏ธ
https://t.co/hql2Z339H4
Try it out live on the Rinkeby testnet at https://t.co/cIMfgxduRE
Updates are being made to the Balloon Protocol. The smart contract has been improved, and many UI updates have been made. Stay posted on new information by following us on Twitter!
@jasonmaxim Totally feel you, weโre bullish also!
Fortunately we have something for you, you can lend out your NFTs and earn interest on them with Balloon!
Introducing Balloon - A decentralized marketplace where you can lend, borrow, and short NFTs.
Learn more! โฌ๏ธ
https://t.co/hql2Z339H4
Try it out live on the Rinkeby testnet at https://t.co/cIMfgxduRE
The @Pixelmon collection minted for 3 ETH only weeks ago.
The floor price for a #Pixelmon is now < 0.3 ETH.
Wish you couldโve bet against it?
Check out the #BalloonProtocol ๐
It was Valentine's Day just 2 days ago so, let's talk about an idea all lenders would love:
The ability to specify collateral multiplier to protect yourself from downside risk.
What if I told you lenders that you have this ability with Balloon.
"Siri, what does NFT stand for?"
Siri: An NFT stands for Non-fungible token.
Non-fungible token - as in one can't exchange one NFT for another?
Balloon bypasses the issue by allowing fellow borrowers to return any NFT within the collection of the NFT that was borrowed.
Say you need to own an NFT to able to attend an exclusive event to holders but didn't want to buy one outright
Instead, you can borrow this NFT from Balloon and return it once the event is over saving yourself from a price risk on that NFT collection ๐
Balloon Protocol - built with ease of both lending and borrowing in mind
Lenders, specify your terms in which you are willing to lend an NFT
Borrowers, take out loans with the most favorable parameters
For more informationโฌ๏ธ
https://t.co/hql2Z33HwC
The original "Balloons" NFT collection is now borrowable at https://t.co/cIMfgxduRE. To get your hands on a Balloon, borrow one from our dApp! Try selling your Balloon on OpenSea, and buying back later at a lower price to score profit in the middle!
Live on the Rinkeby Testnet๐
Thank you for 100 followers!
We know we have a long way to go, but we appreciate your early support immensely! If you think this project is as awesome as we do, please be sure to share it with your friends and colleagues!
On Thursday the original โBalloonsโ test NFT collection will be available to borrow and lend ๐
This will be a simple sample collection for users to try out the platform. Note that the project is currently live on testnet, and costs zero real ETH to use!
An FAQ section has been added to our website https://t.co/cIMfgxduRE in which commonly asked questions will be answered. If you have a question you think others would also have, send a message in the #faq channel of our Discord and we may add it to the site!