PumpX has developed TWO key ecosystem components to realize its vision:
PumpX Multichain Consumer Liquidity Protocol - a lending protocol that integrates financial liquidity and facilitates consumer adoption of financially backed cryptocurrencies.
PumpX Marketplace Aggregator, a flagship application built on top of the liquidity protocol that serves as an early adoption interface for everyday users.
PumpX provides junior consumers with Buy Now, Pay Later, Collateral Selling, and Loan for Loan services, all integrated into PumpX's IOS app, mobile site, and Chrome extension.
PumpX's peer-to-peer loan matching model will utilize more innovative ways to create assets and liquidity for non-blue chip tokens/NFTs.
PumpX's sources of liquidity will be expanded with a variety of L2 solutions; this will help LPs find interest by supporting innovative projects.
PumpX will support $ETH derivatives liquidity by helping LPs gain additional economic advantages on the chain by staking on LSD/Blast/Metis/Manta...
Buy NFT Pay Later (BNPL): a PumpX Open Money Market-based service for connecting the supply and demand of money in the form of peer-to-peer lending and installment payments.
Each loan is secured by collateral.
NFT assets are not divisible, but defaults on NFT loans must be liquidated. The organization of collateral auctions is inefficient and requires discounts to attract other bidders. This not only disadvantages the lender, but also lowers the minimum price of NFT foreclosures. Under certain market conditions, the auction may not be completed. Pumpx's peer-to-peer system makes the liquidation process clear and simple. It can ensure that in the event of default, the lender is sure to receive the collateral assets. The lender can choose whether to hold on to the NFT purchased at a discounted price or sell it for cash. The lender will not miss the best opportunity to restore liquidity.
