According to its whitepaper，Singular is the first point-to-multi pool protocol using a dynamic risk-based interest rate matching model.It provides a new multi-point aggregation NFT lending protocol, different from traditional point-to-point and point-to-pool models.At present, NFT lending is done mainly through two models: peer-to-peer or peer-to-pool, and then both models have their own problems. Singular’s innovative dynamic risk-based interest rate matching model solves the problems of low capital utilization, low yield and low coverage of NFT categories in the peer-to-peer model, while also solving the problems of low matching efficiency and inaccessibility in the peer-to-peer model. Singular’s innovative dynamic risk-based interest rate matching model can solve the problems of low capital utilization, low yield, and low coverage of NFT categories in the peer-to-peer model, while also solving the problems of low matching efficiency and lack of access in the peer-to-peer modelThe features of the protocol are as follows:1.High matching efficiency. It supports real-time borrowing, real-time repayment, and automatic matching of the best interest rates.2.High capital utilization. The highly efficient multi-point aggregation matching model achieves higher capital utilization, which is three times more than other similar point-to-pool models.3.High yield. Matching risks and returns, users can achieve higher returns through their own judgment of NFTs.4.High coverage. It supports not only blue-chip NFTs but also hundreds of NFT series with liquidity.Singular expects to support hundreds of NFT families in the future, including PFPs, games, equity vouchers, and many other categories. It has already entered into marketplace partnerships with Matr1x, DigiDaigaku community, mfers community, and Weirdo Ghost Gang to provide more liquidity for NFT.“We are thrilled to finally share the first working version of Singular Protocol with our community,” said Jerry, Founder of Singular Labs. “While there are many milestones yet to come, the Alpha version demonstrates our team’s dedication to shipping working products and commitment to building the future infrastructure of digital asset lending.All are welcome to use the Alpha version and share any feedback or suggestions.” This product is also the first DeFi product to integrate with the Ethereum liquidity staking protocol, Lido V2, since its launch on May 15th. It offers higher returns for liquidity providers in this field. Singular’s unique features enable lenders to achieve higher yields compared to similar platforms, while also providing real-time accessibility. It offers borrowers greater flexibility in terms of funds and interest rate options.The launch of SingularLabs means the opening of a new smart track for NFT & NFTFi, and also indicates that the crypto market will enter the NFT boom again in the future.For more details, please pay attention to SingularLabs official website & social media.Website: https://singulardao.io/#/Twitter: @0xSingularLabsDiscord: https://discord.com/invite/63n4MW4Y7aAbout SingularSingular is a decentralized protocol under Singular labs. It is the first point-to-multi pool protocol using a dynamic risk-based interest rate matching model.It provides a new multi-point aggregation NFT lending protocol, different from traditional point-to-point and point-to-pool models.Through innovative interval liquidity matching strategies, it achieves dynamic matching of risks and returns, thereby achieving high matching efficiency, high yield, high capital utilization and high coverage. While ensuring the security of user assets and NFTs, the effectiveness of the platform is maximized.Singular’s unique features make it an attractive choice for borrowers and lenders seeking to streamline and secure the lending process. The platform’s high coverage and risk isolation strategies provide an ideal environment for the use of NFT capital and contribute to the liquidity and development of NFTs. Singular- the first NFT lending protocol with dynamic risk-rate matching model, goes live, opening a new smart NFT FI track
May 25, 2023 at 02:50 AM EDT
May 25, 2023, 8:00 AM UTC – Singular Alpha Test version of SingularLabs’ decentralized NFT lending product, a new smart NFT Fi platform, is now live.According to its whitepaper，Singular is the first point-to-multi pool protocol using a dynamic risk-based interest rate matching model.It provides a new multi-point aggregation NFT lending protocol, different from traditional point-to-point and point-to-pool models.At present, NFT lending is done mainly through two models: peer-to-peer or peer-to-pool, and then both models have their own problems. Singular’s innovative dynamic risk-based interest rate matching model solves the problems of low capital utilization, low yield and low coverage of NFT categories in the peer-to-peer model, while also solving the problems of low matching efficiency and inaccessibility in the peer-to-peer model. Singular’s innovative dynamic risk-based interest rate matching model can solve the problems of low capital utilization, low yield, and low coverage of NFT categories in the peer-to-peer model, while also solving the problems of low matching efficiency and lack of access in the peer-to-peer modelThe features of the protocol are as follows:1.High matching efficiency. It supports real-time borrowing, real-time repayment, and automatic matching of the best interest rates.2.High capital utilization. The highly efficient multi-point aggregation matching model achieves higher capital utilization, which is three times more than other similar point-to-pool models.3.High yield. Matching risks and returns, users can achieve higher returns through their own judgment of NFTs.4.High coverage. It supports not only blue-chip NFTs but also hundreds of NFT series with liquidity.Singular expects to support hundreds of NFT families in the future, including PFPs, games, equity vouchers, and many other categories. It has already entered into marketplace partnerships with Matr1x, DigiDaigaku community, mfers community, and Weirdo Ghost Gang to provide more liquidity for NFT.“We are thrilled to finally share the first working version of Singular Protocol with our community,” said Jerry, Founder of Singular Labs. “While there are many milestones yet to come, the Alpha version demonstrates our team’s dedication to shipping working products and commitment to building the future infrastructure of digital asset lending.All are welcome to use the Alpha version and share any feedback or suggestions.” This product is also the first DeFi product to integrate with the Ethereum liquidity staking protocol, Lido V2, since its launch on May 15th. It offers higher returns for liquidity providers in this field. Singular’s unique features enable lenders to achieve higher yields compared to similar platforms, while also providing real-time accessibility. It offers borrowers greater flexibility in terms of funds and interest rate options.The launch of SingularLabs means the opening of a new smart track for NFT & NFTFi, and also indicates that the crypto market will enter the NFT boom again in the future.For more details, please pay attention to SingularLabs official website & social media.Website: https://singulardao.io/#/Twitter: @0xSingularLabsDiscord: https://discord.com/invite/63n4MW4Y7aAbout SingularSingular is a decentralized protocol under Singular labs. It is the first point-to-multi pool protocol using a dynamic risk-based interest rate matching model.It provides a new multi-point aggregation NFT lending protocol, different from traditional point-to-point and point-to-pool models.Through innovative interval liquidity matching strategies, it achieves dynamic matching of risks and returns, thereby achieving high matching efficiency, high yield, high capital utilization and high coverage. While ensuring the security of user assets and NFTs, the effectiveness of the platform is maximized.Singular’s unique features make it an attractive choice for borrowers and lenders seeking to streamline and secure the lending process. The platform’s high coverage and risk isolation strategies provide an ideal environment for the use of NFT capital and contribute to the liquidity and development of NFTs.
According to its whitepaper，Singular is the first point-to-multi pool protocol using a dynamic risk-based interest rate matching model.It provides a new multi-point aggregation NFT lending protocol, different from traditional point-to-point and point-to-pool models.At present, NFT lending is done mainly through two models: peer-to-peer or peer-to-pool, and then both models have their own problems. Singular’s innovative dynamic risk-based interest rate matching model solves the problems of low capital utilization, low yield and low coverage of NFT categories in the peer-to-peer model, while also solving the problems of low matching efficiency and inaccessibility in the peer-to-peer model. Singular’s innovative dynamic risk-based interest rate matching model can solve the problems of low capital utilization, low yield, and low coverage of NFT categories in the peer-to-peer model, while also solving the problems of low matching efficiency and lack of access in the peer-to-peer modelThe features of the protocol are as follows:1.High matching efficiency. It supports real-time borrowing, real-time repayment, and automatic matching of the best interest rates.2.High capital utilization. The highly efficient multi-point aggregation matching model achieves higher capital utilization, which is three times more than other similar point-to-pool models.3.High yield. Matching risks and returns, users can achieve higher returns through their own judgment of NFTs.4.High coverage. It supports not only blue-chip NFTs but also hundreds of NFT series with liquidity.Singular expects to support hundreds of NFT families in the future, including PFPs, games, equity vouchers, and many other categories. It has already entered into marketplace partnerships with Matr1x, DigiDaigaku community, mfers community, and Weirdo Ghost Gang to provide more liquidity for NFT.“We are thrilled to finally share the first working version of Singular Protocol with our community,” said Jerry, Founder of Singular Labs. “While there are many milestones yet to come, the Alpha version demonstrates our team’s dedication to shipping working products and commitment to building the future infrastructure of digital asset lending.All are welcome to use the Alpha version and share any feedback or suggestions.” This product is also the first DeFi product to integrate with the Ethereum liquidity staking protocol, Lido V2, since its launch on May 15th. It offers higher returns for liquidity providers in this field. Singular’s unique features enable lenders to achieve higher yields compared to similar platforms, while also providing real-time accessibility. It offers borrowers greater flexibility in terms of funds and interest rate options.The launch of SingularLabs means the opening of a new smart track for NFT & NFTFi, and also indicates that the crypto market will enter the NFT boom again in the future.For more details, please pay attention to SingularLabs official website & social media.Website: https://singulardao.io/#/Twitter: @0xSingularLabsDiscord: https://discord.com/invite/63n4MW4Y7aAbout SingularSingular is a decentralized protocol under Singular labs. It is the first point-to-multi pool protocol using a dynamic risk-based interest rate matching model.It provides a new multi-point aggregation NFT lending protocol, different from traditional point-to-point and point-to-pool models.Through innovative interval liquidity matching strategies, it achieves dynamic matching of risks and returns, thereby achieving high matching efficiency, high yield, high capital utilization and high coverage. While ensuring the security of user assets and NFTs, the effectiveness of the platform is maximized.Singular’s unique features make it an attractive choice for borrowers and lenders seeking to streamline and secure the lending process. The platform’s high coverage and risk isolation strategies provide an ideal environment for the use of NFT capital and contribute to the liquidity and development of NFTs. 