Defrag
Defrag protocol insures NFTs with an instrument called a Put Option.
What is Defrag?
Defrag protocol insures NFTs with an instrument called a Put Option. This allows users to get a loan against their NFTs with accurately priced risk. Users that own an NFT will have a stack in the first Underwriting Pool, allowing them to earn premiums and enter the universe of NFT collateralized loans. The platform also allows for fractional borrowing through smart contracts, that generate a set number of tokens linked to the original.
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