Since launching last week, Blur Lending (Blend) has facilitated 47,757 ETH ($88M USD) in loan volume.
This is more loan volume than all other NFT lending protocols combined in the same time period!
I'm going to attempt to "demystify" Blur's BLEND product with my azuki as the test subject 🧪
Follow my journey into the garden... of liquidation ⛲️
(jk, I'm not trying to get liquidated here) 🧵👇
.Blur recently launched Blend, a peer-to-peer perpetual lending protocol for NFTs.
As of late last week, Blur lending has maintained a ~18% volume share on the platform.
7/ This season we’ve launched lending and BNPL (powered by Blend), full mobile support, notifications, trait bidding, and a gas-optimized v2 marketplace.
THREE key developments remain. We will share the timeline for Season 2 as soon as those developments get closer to shipping.
📝 New BIP Created 📝
Arca has submitted a Blur improvement proposal titled "Blur Fee Switch Discussion", which details a plan to turn on the Blur marketplace fee switch.