According to the anonymous DefiLlama founder, users just need to 'sell their NFTs' to get liquid money
The anonymous founder of the on-chain data analytics site DefiLlama, 0xngmi, has announced the upcoming launch of the NFT lending project. According to a recent Twitter post by 0xngmi, the smart contract code for a novel nonfungible tokens (NFT) borrowing and lending protocol called 'LlamaLend' is nearing completion.
Announcing the launch 0xngmi took to Twitter to say, "finally finished the llamalend contracts and will be launching it soon. anyone interested in trying to break them?
The proposed oracle for LlamaLend is extremely cheap to run. This is due to the fact that it never needs to make a transaction. In this way, it eliminates all of the complexity of dealing with high gas prices.