Is the cross-margin NFT lending protocol ParaSpace the "BendDAO killer"?
1️⃣ ParaSpace was launched by the Polkadot-based DeFi protocol Parallel Finance team. It is a peer-to-pool NFT lending protocol that allows users to mortgage and lend NFT and fungible tokens, utilize underused funds for further investment, and earn from them income. Simply put, ParaSpace allows users to package an asset portfolio of ERC-721 tokens or ERC-20 tokens, and then mortgage the packaged assets for lending to improve the inefficiency of asset capital on the user chain.
