Taker Protocol Raises $3 Million To Transform NFT Liquidity and Utilization
September 20, 2021 – New York, New York
Policyholder protocol, a crypto-liquidity protocol for NFTs, has raised $ 3 million from a number of reputable investors to create new financial primitives in the burgeoning NFT market.
Taker Protocol focuses on improving the liquidity available in the NFT market.
Due to the unique non-fungible structure of NFTs, existing DeFi primitives are difficult to integrate into the market, resulting in significant problems in terms of overall liquidity.
The value of an NFT is extremely volatile and often effectively becomes zero because no buyer can be found at a reasonable price.
In addition, NFTs are difficult to use productively after purchase and often end up being forgotten in the user’s wallet.
Taker Protocol aims to solve the worst of liquidity problems. Allowing lenders and borrowers to liquidate and lease non-cryptocurrency assets creates new cash flows and new opportunities.
For Taker, these assets will include NFTs, financial papers, synthetic assets and more.
The TKR token defines membership in the Taker DAO, which has several key functions in the system. In addition to setting loan-to-value rates and other parameters in the protocol, the DAO will also help to fairly assess a particular NFT or NFT collection.
This means that each asset supported by Taker will have a fair guaranteed floor price. In return, TKR holders will be able to earn rewards and receive a portion of the platform’s revenue.
The funds received will help Taker launch the full version of the protocol on several chains, including Ethereum, Polygon, Solana, BSC and Near.
The support of the main actors and actors of the NFT ecosystem will also help to advance the development of the project.
Taker DAO contains many different “Preservative DAO” (sub-DAO)each sub-DAO will maintain its own whitelist and a floor price for any NFT on its whitelist if the borrower does not repay the loan.
We believe it is best to mitigate the risks for our lenders by carefully selecting the NFT assets that our community wants and trusts the most.
By aligning the interest of DAOs with that of lenders, we will mitigate risk exposure for lenders and maximize profits for DAOs. In addition, each sub-DAO will have its own funds and may choose to focus exclusively on a specific type of NFT asset.or for example, it can be only works of art or only metaverse.
Angel Xu, co-founder of Taker, said:
âWe are absolutely delighted to welcome so many well-established investment funds to the team. Their participation heralds an exciting new phase for the protocol as we seek to address persistent issues in the NFT lending market for the benefit of end users. This investment will allow us to further optimize the liquidation of NFT assets across multiple blockchains, removing barriers to entry that prevent new players from entering the market. “
Maria Shen, Partner at Electric Capital, said:
“Taker Protocol Uses Innovative Approach To Solve Biggest Problem In NFT Spacelack of liquidity. With Taker, we take one step closer to the world where anyone, anywhere can use their NFT assets to take out a loan.
NFT DeFiTaker is the first protocol to provide liquidity to the NFT market via a DAO. It is a multi-strategy, cross-chain lending protocol that allows lenders and borrowers to liquidate and lease all kinds of crypto assets including financial papers, synthetic assets, etc.
Taker provides assured liquidity through our infrastructure and our “LenderDAO” extensions which could be integrated into NFT marketplaces.
Angel Xu, co-founder of Taker