One2Buzz!!!!: Starter - Unleash the power of your NFT Assets

The crypto spaces have seen a lot of growth in the past few years with bitcoin, ethereum and other major cryptocurrencies seen adoption and a lot of use cases. Also, there is new incentive mechanisms and new ways of community building in the form of "yield farming" or "liquidity mining" that drove an

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