SnowGenesis aggregates information from the best NFT lending protocols such as Arcade, BendDAO, Blend, Metastreet, NFTfi, X2Y2 and Zharta and combines them into an easy-to-use real-time interface.
Key Featues
NFT Lending Leaderboards
Top-3 reasons why borrowers utilize NFTs as collateral
- Leverage plays - using funds to acquire additional NFTs in order to generate higher returns through leveraged capital.
- Hedge against a downturn - a borrower can borrow against an NFT for 4 ETH for a 30-day period. If the minimum price of the NFT falls below 4 ETH, the borrower can default, losing the collateral but retaining ETH.
- Avoid taxable events - borrowers who need liquidity may choose to use their NFTs as collateral to possibly avoid taxable events they would otherwise face if they sold the asset instead (depends on your jurisdiction).
SnowGenesis provides leaderboards showing the leverage of each collection based on the total value of the collateral, as well as the top lenders and borrowers for a deeper understanding of lending activity. Understanding this market helps traders anticipate potential cascading liquidation events that could affect the floor price.
Lender & Borrower Portfolios
This portfolio feature allows anyone to deep dive into the details and gain insight into the user's habits and investment strategies.
You can track your positions and identify suitable NFTs for instant loans over leading P2P protocols.
Loan Listings
For lenders and borrowers, getting the best income opportunity or securing an optimal LTV is probably the most important factor. You can either visit individual protocols, compare them manually using a spreadsheet, or use SnowGenesis to find lists of protocols in one place.
Loan Collection Offers
SnowGenesis indexes and displays instant liquidity offers for each collection. In addition, users can connect their wallet to visit their borrower profile to determine which NFTs in their wallet have available loan collection offers.
Historical Loans Data
On the Loans tab, you can find historical loans across all collections, or click on a specific collection to view data (interest rates, terms, and loan amounts) for that collection only. You can filter by protocol or status (active, repaid, liquidated), and sort by maturity date.
Trending tab - The user can view which collections are currently trending based on sales or volume and different time periods.
Sales and Collection Metadata indicates
- Number of trades made within a single transaction,
- Percentage of items listed for sale
- Number of owners for that collection
- Total supply
- Number of active peer-to-peer loans
- The lowest floor price across various marketplaces
