what if you could DCA a Milady?
the #1 pain point with NFTs (well, other than some being horribly ugly) is how illiquid they are - especially the high value ones
an idea of an "ETF" as a standard for high value NFTs is really cool imo because it dodges all the pitfalls of NFT lending and fractionalizing them, while retaining most benefits
the main benefit is the fact you can't have a death spiral/bad debt with how its designed, and the fact there's NO ORACLE but rather its all done in-house (inside the protocol itself)
seeing how theres not much attention on apechain these days, its the perfect testing ground for a novel concept like this and one that i think can succeed and eventually find its way to mainnet
and even with leverage - for people who dont have a lot of money to play shenanigans on mainnet with MMing NFTs via limit orders, etc
really cool concept
After a ton of discussions with degens like @johnnyokami_ @KewlChick_ @Eddie_ShoBiz @RidazLp2 @i3uuve1 @philwatkins_eth, we finally settled on the verbiage of this product
NFT ETF ft. @GeezOnApe
Here is how it works at a high level and what it means to you 👇
1.81K
8
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.