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    HomeFinanceA DeFi borrower makes use of a luxurious watch-based NFT as collateral...
    Finance

    A DeFi borrower makes use of a luxurious watch-based NFT as collateral for a mortgage

    Seethereality
    By Seethereality

    A non-fungible token (NFT) the collector shared the story of how a decentralized finance (DeFi) The mortgage was secured by a luxurious watch and was offered by an NFT representing the asset.

    July 11, underneath the pseudonym DeFi undertaking advisor CirrusNFT defined how a person was in a position to borrow $35,000 from one other person utilizing an NFT that was a bodily merchandise as collateral for the mortgage.

    Patek Phillipe watch used as collateral for DeFi mortgage. Supply: Arcade.xyz
    A neighborhood member shares his ideas on the matter. Supply: Twitter

    Proceed studying Coin Telegraph.

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