What is GopLend?

Interchain NFT lending protocol | goplend.org

What's that?

GopLend is a NFT Lending is the highest part of NFT-FI. We maximized the potential of this idea and created a marketplace where people can borrow instantly, at any time, any volume. You can use USDC for any action on the platform All of this is made possible by many innovations and benefits. You can read about all of this in the next pages

How does it work?

GopLend is currently worked on the Neutron network. We use Neutron because it is the most popular blockchain for smart contracts. It's also one of the safest networks for such large protocols. In order to make NFTs available on the Neutron network, we developed our own NFT bridge to bring on Neutron collections created on Stargaze In the future, we plan to connect other blockchains to Neutron, such as Archway, Injective and Oraichain. This will provide a large influx of transactions, liquidity and users to the network Lending supports any CW-721 (ICS-721) standard NFTs, meaning that almost any collection from the Cosmos Ecosystem can be used for interoperability. The protocol is based on CosmWasm smart contracts and reserved off-chain scripts, it has its own NFT price-oracle that supports the operation of the application. GopLend is owned by the CryptoGopniks community and controlled using the Gopniks DAO ($GOP)

Key benefits of GopLend:

• Yield on USDC Deposits: Earn interest on your tokens by participating in lending. Take liquidity out anytime by swapping bglUSDC for USDC (soon)

• NFT-Collateralized Loans: Borrow USDC using your NFT as collateral. Borrow as much as you can. Get coins instantly, pick up NFT at any time, after giving back the borrowed coins

• Liquidation Mechanism: Fair and efficient management of collateral in case of defaults. Opportunity to buy NFT with a discount of up to 20% off the price on the marketplace

All these 3 components - Deposits, Borrows and Liquidations short-circuit the economic zone of GopLend, making it self-sustaining.