explosive adoption in a short time frame.
Other cryptocurrency use case is p2p lending. This segment has
been growing tremendously and have over $85 billion of annual transaction
volume, but there is still incredible opportunity for growth in this space.
Stater is building an open-source
p2p lending platform for NFT assets that will offer users the option to
leverage and unlock the value of their NFT assets without losing ownership.
The Starter Advantages
1)
Borrow by using your favourite NFT assets as collateral
Starter allows users of the platform to use their NFT assets as
collateral for borrowing without the need to sell those assets. The platform
provide value to previously latent capital, unlocking wealth within digital
assets and providing a new source of money creation.
2)
Pool Lending
Pool lending is available for faster lending process with less
friction. Lenders will have the option to commit liquidity in the Stater
liquidity pool and they will receive daily rewards based on the total amount of
payments made by borrowers and the % of liquidity owned from the total pool.
3)
Community owned & open-source
We believe that by leveraging blockchain technology, we can build
an ecosystem that brings value to users and not the platform. Starter platform
is Open Source, Community Governance
And Liquidity Mining.
The Starter Ecosystem
There are five activities/participants in the Starter ecosystem
namely; Borrowers, Lenders, Starter platform, Liquidation practices and Risk
mitigation for lenders. The starter platform will mainly act as escrow where
the borrower can submit his assets and lock it in smart contract. Borrowers
list their NFTs on the platform by giving the loan details. They have options
to borrow with one or multiple assets.
Lenders on the other hand, will review all the borrowers listed on
the Starter platform and provide loans to the ones they find attractive. Liquidation
Practices is when the lender have the option to receive assets the borrower
pledge in a situation where the borrower could not repay the loan. With risk
mitigation for Lenders, three key components help lenders properly asses and
manage risk: asset value, LTV ratio and game/asset market data.
Token Utility
-
Lend and borrow with STTR
-
Stake STTR for lower fees on the Stater NFT lending platform
-
Vote for governance proposals and project updates.
Stater aims to bring DeFi into the NFT market by providing new
ways for NFT asset owners
to leverage the value of their assets without losing ownership.
Starter’s vision is a world where cryptocurrencies can be used as fiat is being
used without any hassle.
For more information, kindly click on the links below:
Website: https://stater.co/
Whitepaper: https://drive.google.com/file/d/1m9FpIUrsCnkYsI1s5ltKPBO-sKaKJsAO/view?usp=sharing
Discord: https://discord.gg/hBGgjhe
Telegram: https://t.me/staterlending
Medium: https://medium.com/@staterco
Product Preview: https://youtu.be/Fcm-_v-50kE
Author BTT Username: ademicho123
Forum profile link: https://bitcointalk.org/index.php?action=profile;u=1249349
MY ETH ADDRESS : 0xF9F07C0B74680ce2E6742590DA05Ab0ee24bf696