SODIUM • NFT Hybrid Liquidity

The first Hybrid Liquidity protocol for NFTs ☞ P2Peer x P2Pool x NFT Lending AMM — Closed 07/2023

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

Exciting news: @Sodium_fi, the first Hybrid Liquidity lending protocol, is now live!

Sodium is not only bringing an innovative solution for the NFT Liquidity Trilemma but introducing a new lending primitive to power the next-gen of NFT finance.

How? A thread👇🧵

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

@NoralDeFi @spice_finance ❤️

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

Hey everyone, we have some bittersweet news to share with you.

After careful consideration, our team has decided to sunset our beloved Sodium and focus our efforts in a new direction. This decision was not taken lightly, but unfortunately became an inevitable course of action given market circumstances.

We started building Sodium more than 1.5 years ago, eventually delivering an awesome product, despite incredibly tough market conditions and very limited resources. Although our passion and excitement around NFT finance hasn't changed, we’ve encountered unforeseen challenges along the way. The NFT market has presented us with obstacles that have heavily impacted our protocol’s growth, hindering us from raising venture capital, which is ultimately required in order to compete in this market.

It's definitely a sad moment for all of us, but hey, no one can say we didn't give it our all.
We've been able to bring to fruition the most innovative and unique mechanics the NFT lending market has seen to date (which was then adopted by multiple actors - leaving our mark on the industry), including:
- The first Hybrid Lending mechanism (p2peer+p2pool)
- The first NFT Lending AMM
- Cross-Collection Lending Pools
- The ability to retain collateral access during loans

The last 1.5 years have been the journey of a lifetime, and we want to express our deepest appreciation for the great support and encouragement we received from our Angel investors, UX testers, early users, Zero-pass holders, and partners who provided invaluable input along the way - it was truly our privilege to work with and learn from all of you.

Furthermore, we want to thank our whole team for their hard work, dedication, and unwavering belief in our mission - it's what has kept us pushing this whole time.

While this decision marks the end of one chapter, the book is still being written... We still firmly believe in our original aim, where we set out to positively impact the NFT lending market by creating innovative NFT-fi solutions. We will remain open-minded; if the market ever needs us again down the line, we would be more than happy to reconnect with you and explore new possibilities.

Thank you for being a part of our story. We eagerly look forward to writing future chapters with you.

The Sodium team

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

@ZuneNFT 🫶🫶

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

@lenftapp 🫶

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

@H3nor8 🫶

[Ty Prompts AI @TyPrompts]

I've seen more and more people capitulate on NFTs in the last week. They've been saying "no one in NFTs is innovating", "there's no tech", etc. etc.

I intend to prove these statements wrong, and by the end of this post I hope you'll have renewed faith in the future of NFTs.

Let's rewind ⏪

This point in time for NFTs feels just like altcoins in 2017-2020.

None of them had any use cases; there were way too many of them, a lot of them rugged, and there was nothing innovative about them.

So what happened next?

DeFi Summer 2020 💻📈☀️

In Summer of 2020, the AltCoin landscape changed instantly with the introduction of @Uniswap V2, @compoundfinance, @Balancer, @CurveFinance and other protocols that have become pillars of DeFi.

Through DeFi, altcoins could be used for borrowing/lending, Automatic market making (AMM), liquidity mining, insurance, etc.

This completely changed the game for altcoins liquidity, and utility. DeFi continues to innovate with the recent Uniswap V3 launch, allowing for even more concentrated liquidity and more revenue for liquidity providers.

What many folks don't know is that we have a clear parallel between what happened to altcoins with DeFi, and what is happening to NFTs with NFT-Fi right now.

Enter NFT-Finance

What is NFT-Finance?

NFT-Finance is a subcategory of NFTs where DeFi and NFTs meet. An NFT-Fi protocol is any protocol that uses DeFi mechanics to financialize NFTs and obtain more value locked in the asset beyond IP, and other "utilities". typically associated with NFTs.

Many NFT collections have focused their attention on trying to innovate with the content, and media parts of NFTs which I really love, but there's another aspect that is ignored in most cases, and that is the need for liquidity.

Liquidity

Liquidity is a key component of NFTs that most collections just don't understand. Many are unaware of the massive potential that deepening liquidity for an NFT collection brings.

By using NFT-Finance tools, collections can deepen liquidity through a multitude of different options. For example, one of the ways for holders of an NFT collection to obtain value from their NFTs is not by selling them but by borrowing against them through a borrowing/lending protocol. This means that, rather than directly influencing the floor price, the holder can keep their asset and gain value against it (as long as they repay the loan). The tradFi world uses tools like this all the time, and now you can too using NFT-Fi.

Another way NFT-Fi is being used is in real-world asset tokenization; there's a lot of innovation here that is very exciting.

RWA's/Real Word Assets

Protocols like @rsonchain are starting to innovate with tokenized real estate. They've been successful at tokenizing a home and financing it on Teller Finance: https://t.co/imM8bPqZC8

The tokenization of real estate, commoditites, etc. is called "Real World Assets," AKA "RWA's".

Another example of RWA tokenization is what the @Arcade_xyz ( peer-to-peer borrowing/lending protocol ) did with @4KProtocol ( Physical asset tokenization company ) recently. @CirrusNFT ( amazing person to follow for NFT-Fi arb content ) posted about the most recent loan that was made through Arcade for a tokenized Patek Phillipe that was custodied by 4K protocol. You can read more here: https://t.co/AjkRg8obqm

At last, I'd like to leave you with a resourcesful list of companies innovating in and around NFTs so that you can see, NFT-Fi is growing rapidly and reshaping the NFT world one protocol at a time.

NFT-Finance Companies:

In the NFT-Finance industry, there's so much being built. Here are a few of the categories and the companies innovating in those categories:

Aggregators ( @0xSnowGenesis, @SkilletNFT, @openseapro )

Borrowing and lending protocols ( @NFTYFinance, @Arcade_xyz, @zharta, @ParaSpace_NFT, @nftfi, @Sodium_fi )

Buy now pay later protocols ( @usecyan, @blur_io BLEND, @PineProtocol )

Derivatives and options ( @wasabi_protocol, @RevestFinance )

Fractionalization ( @NFTX_, @NibblNFT, @insrtfinance )

Index Infra (@UpshotHQ, @FungifyNFT )

Liquidity Scaling ( @goblinsax, @metastreetxyz, @spice_finance )

NFT AMMs ( @CollectionWeb3, @sudoswap )

Perpetual Futures ( @Tribe3Official, @nftperp )

Renting ( @0xRentaFi, @renftlabs )

Appraisal infra ( @Nabu_xyz, , )

There are so many other companies that are innovating in the NFT space, building REAL products for the future of NFT Financialization.

I hope you've enjoyed this post. Feel free to Dm me if you're interested in learning more about the space.

Please follow for more NFT-Fi content like this, and feel free to like and share this tweet if you think it could be helpful :)

[MetaQuants @metaquants_ai]

https://t.co/l9rBEZe7Co

[MetaQuants @metaquants_ai]

Get ready for our second NFT Finance Roundtable this Friday 🔥

Our special guests this time include @Sodium_fi, @goblinsax, @AstariaXYZ, @wasabi_protocol and @EZ_swap 🤙🏻

We will talk about jpegs, the current state & the future of NFTFi 📈

https://t.co/l9rBEZe7Co

[Sodium Loan Bot 🤖 @Sodium_fi_bot]

New Peer Loan request on @Sodium_fi 🤑

#Milady Maker Milady 5002
Requested: 2.5 wETH
Duration: 10 days
Initial APR: 17%

⏳ Initial APR is increasing hourly for 48 hours
👉 Multiple lenders can join one loan request with any amount of ETH

https://t.co/FB51BhYuF8

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

NFT launch stage next level.

Exiting Nuts farming collab @nftperp @BatonFinance 👇

[Sodium Loan Bot 🤖 @Sodium_fi_bot]

New Peer Loan request on @Sodium_fi 🤑

#CLONE X - X TAKASHI MURAKAMI CloneX #4970
Requested: 2 wETH
Duration: 4 days
Initial APR: 16%

⏳ Initial APR is increasing hourly for 48 hours
👉 Multiple lenders can join one loan request with any amount of ETH

https://t.co/tPbqEzCuLM

[Sodium Loan Bot 🤖 @Sodium_fi_bot]

New Peer Loan request on @Sodium_fi 🤑

#Milady Maker Milady 5002
Requested: 2 wETH
Duration: 7 days
Initial APR: 20%

⏳ Initial APR is increasing hourly for 48 hours
👉 Multiple lenders can join one loan request with any amount of ETH

https://t.co/Nhn9S8piwt

[Notorious PNG @0xNotoriousPNG]

@NiftyFiftyETH Big congrats ser! Great driver of the collection stability.

Wen Squiggles lending pools on @Sodium_fi 😏

[Sodium Loan Bot 🤖 @Sodium_fi_bot]

New Peer Loan request on @Sodium_fi 🤑

#BEANZ Official Bean #2510
Requested: 0.8 wETH
Duration: 18 days
Initial APR: 18%

⏳ Initial APR is increasing hourly for 48 hours
👉 Multiple lenders can join one loan request with any amount of ETH

https://t.co/f4HksmlNIa

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

REMINDER 🔊

Qualify your wallet(s) now for this WL opportunity!

➡️ Borrow or Lend on Sodium between May 18-25

⇢ Attractive lending opportunities are available now (+35% APR)
⇢ Zero Pass holders are still able to take out loans with 0% APR

Probably the easiest way to get the NFTperp whitelist spot.

Do not miss out, anon

Participate as Lender:
https://t.co/cMKZZwrbMA

Open a Lending Pool:
https://t.co/UuZWJ6ShCZ

Create a Loan Request:
https://t.co/gLtnYMpqMO

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

Gm lads, great rewards for active Sodium users!

Sodium x NFTperp - WL Challenge

5 Whitelist spots for @nftperp's upcoming NFT mint

How to win a WL spot? 🏆

➡️Borrow/Lend or open a Lending Pool on Sodium between May 18-25
➡️ Join our Discord

⇢ Winner announcement on May 26

[Sodium Loan Bot 🤖 @Sodium_fi_bot]

New Peer Loan request on @Sodium_fi 🤑

#RTFKT Animus Egg 🥚 RTFKT Animus Egg 🥚
Requested: 0.35 wETH
Duration: 20 days
Initial APR: 21%

⏳ Initial APR is increasing hourly for 48 hours
👉 Multiple lenders can join one loan request with any amount o… https://t.co/7rbwkHh9Pg

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

Explore Mafia Nuts ⬇️
Read more via @nftperp's upcoming announcements

https://t.co/iej0WJpbJh

[nftperp.xyz @nftperp]

Introducing Mafia Nuts, 1,500 gangster nuts that just broke free from jail and are looking to cause mischief on Ethereum Mainnet with their unique personalities and relentless thirst for leverage 🥜

[SODIUM • NFT Hybrid Liquidity @Sodium_fi]

Gm lads, great rewards for active Sodium users!

Sodium x NFTperp - WL Challenge

5 Whitelist spots for @nftperp's upcoming NFT mint

How to win a WL spot? 🏆

➡️Borrow/Lend or open a Lending Pool on Sodium between May 18-25
➡️ Join our Discord

⇢ Winner announcement on May 26

[Sodium Loan Bot 🤖 @Sodium_fi_bot]

New Peer Loan request on @Sodium_fi 🤑

#Otherdeed for Otherside Otherdeed for Otherside #98954
Requested: 0.69 wETH
Duration: 10 days
Initial APR: 19%

⏳ Initial APR is increasing hourly for 48 hours
👉 Multiple lenders can join one loan request with… https://t.co/ESbvKlviZz

[Wasabi Protocol 🟢 @wasabi_protocol]

@Wasabi_Protocol X @Sodium_fi

We are Excited to Officially Announce our Partnership with the lending platform

We look forward to working with the @Sodium_fi team closely to shape the future of the NFT-FI space.