Home ParaSpace Launches The First Cross-Margin Lending Protocol for NFT and Fungible Tokens

ParaSpace Launches The First Cross-Margin Lending Protocol for NFT and Fungible Tokens

Share
Share



ParaSpace introduced a first-of-its-kind cross-margin lending platform. Users have seen an increased liquidation downtrend spiral with the recent rise in NFT lending and borrowing, and ParaSpace serves as a solution for users in the space.

The platform makes use of a cross-margin framework to enable a peer-to-peer lending system that improves liquidity and capital efficiency. For the first time, users and NFT holders can pool multiple assets into a single portfolio to lend and borrow against while hedging their risk.

ParaSpace intends to support cross-chain lending and borrowing for EVM-compatible or equivalent blockchains in the future to increase capital efficiency across the crypto space.

To commemorate the platform’s launch, ParaSpace is hosting an APE Coin Staking Fest to enable Bored Ape NFT and APE holders to maximise their APE staking returns.

ParaSpace is founded by Yubo Ruan and backed by Sequoia Capital, CoinBase Ventures, Founders Fund and others.

Share

Latest News

News
Aster Commits Up To 80% Of Fees To ASTER Buybacks | 3verseTV

Aster Commits Up To 80% Of Fees To ASTER Buybacks

Aster has launched a strategic buyback program aimed at strengthening its native ASTER token by allocating up to 80% of daily platform...

News
Michael Selig Outlines Crypto Focus As CFTC Chair | 3verseTV

Michael Selig Outlines Crypto Focus As CFTC Chair

Michael Selig has assumed office as the 16th chairman of the U.S. Commodity Futures Trading Commission following Senate confirmation. In outlining his...

News
Indonesia Publishes Whitelist Of Crypto Exchanges | 3verseTV

Indonesia Publishes Whitelist Of Crypto Exchanges

Indonesia’s Financial Services Authority (OJK) has officially published a whitelist of 29 licensed crypto platforms, providing investors with a clear reference of...

News
Coinbase To Acquire The Clearing Company | 3verseTV

Coinbase To Acquire The Clearing Company

Coinbase has entered into a definitive agreement to acquire The Clearing Company, an on-chain prediction markets startup, as part of its broader...

Latest Blogs

Bitcoin Price Prediction 2025, 2026-2030: Can BTC Rally to $200K?

Will Bitcoin Reach $200k in the Future? Expert Bitcoin Price Predictions for 2025 and beyond The future direction of Bitcoin from 2025...

AI-Powered Crypto Trading Bots: The Hype, The Reality, & What Every Trader Must Know

Artificial Intelligence is transforming industries, and crypto trading is one of those affected by automation. AI-powered crypto trading bots promise emotionless execution...

Daily Trends in Web3, Crypto, AI & Blockchain

Introduction: Daily Trends in Web3 and Blockchain Technologies Web3 and blockchain technology enable users to control their data through digital standards which...

Meet the Bitcoin Founders: The Real People Behind the World’s First Cryptocurrency

Mystery of Bitcoin’s Founders The Bitcoin creator mystery has persisted for more than fifteen years because it combines technological elements with economic...

Related Articles

Bitcoin Price Prediction 2025, 2026-2030: Can BTC Rally to $200K?

Will Bitcoin Reach $200k in the Future? Expert Bitcoin Price Predictions for...

AI-Powered Crypto Trading Bots: The Hype, The Reality, & What Every Trader Must Know

Artificial Intelligence is transforming industries, and crypto trading is one of those...

Daily Trends in Web3, Crypto, AI & Blockchain

Introduction: Daily Trends in Web3 and Blockchain Technologies Web3 and blockchain technology...

Meet the Bitcoin Founders: The Real People Behind the World’s First Cryptocurrency

Mystery of Bitcoin’s Founders The Bitcoin creator mystery has persisted for more...