$SOL #SolanaSpring is here~
Recently placed 2nd in the @JupiterExchange LFG vote and one of the first projects selected to launch with @ZeusNetworkHQ What exactly is @SharkyFi? How to become an early participant?
Sharky is a decentralized platform that allows anyone to make a loan offer for a collection of NFTs, and holders can instantly select the NFT and borrow. As a bridge between lenders and borrowers, Sharky aims to create a win-win situation, allowing the borrower to obtain much-needed cash, while the lender earns income through short-term loan sharking. Even if the borrower fails to repay the loan, the lender is protected because the value of the NFT he holds exceeds the loan amount. Sharky is not only a lending platform, it is also a testing ground for financial innovation, opening up new possibilities for NFT holders and investors.
1. How to get the best loan?
Sharky provides an offer book that records all available loan offers. When borrowers need funds, they can get the best deal in the quote book. The convenience of this instant loan is Sharky’s key feature.
2. What is the Annualized Yield (APY)?
APY is the annualized percentage yield, which is the interest indicator sought by the lender. Generally, a higher APY means higher returns, but it also means higher risk. However, for lenders who are familiar with the NFT market, they can obtain maximum returns with minimum risk on Sharky.
3. What happens to the loaned NFT?
On Sharky, even if NFT is used as loan collateral, borrowers can still keep the NFT in their own wallets. This means borrowers can continue to participate in DAO governance, receive airdrops, and enjoy the in-game utility of gaming NFTs. It’s just that during the loan period, they cannot transfer the NFT, which can be considered a “wallet house arrest”.
4. How to use Sharky?
Lender strategy
Lender needs to weigh multiple factors: How much is it willing to pay to get this NFT at a discount?
How quickly do you want your loan to be accepted?
How confident are you in the value of this series?
How much revenue do you hope to earn?
Borrower strategy
When choosing, borrowers may consider: which series provides the "best offer"; which NFT to choose as collateral; and which loan offer to choose.
5. What makes Sharky unique?
The design of the Sharky platform focuses on user experience, providing instant loan services and empowering the community to determine fair offers. At the same time, Sharky is committed to providing real cash loans rather than derivative tokens to avoid the valuation and liquidity issues faced by users.
6. Sharky’s future and version updates
The Sharky team is committed to continuously updating the platform to provide a better user experience and updating the roadmap in the Discord community. In addition, Sharky is committed to turning NFT into a new growth field, giving NFT new utility through lending, and changing the status quo of NFT as an illiquid asset.
7. How to participate
Currently in $SHARK Farming Season 1
During this period, you can earn 4 times points. Please see the picture below for specific operations.
Currently, Sharky points can be used to obtain $FISHY tokens, which are sharky’s utility tokens and can be used to upgrade shark to higher levels.
