00:00Welcome back to Decentralized News. I'm back again with a part two of the top platforms you can
00:06generate yield using your NFTs. So let's dive right into it. Don't forget to give us a like
00:12and a subscribe if you liked our first video. Then you know you are one of those people who
00:18kind of pushed us to do a part two. So let's start with Zookeeper today. So Zookeeper is
00:23actually an NFT game with yield farming rewards elements. So players can access different liquidity
00:30pools with their own zoo animals that double as mascots for the pools as well. So they can earn
00:36zoo or wasp tokens and increase their rewards by providing liquidity to one of the farming pairs.
00:43So NFTs are pretty much used to increase a player's farming rewards and they can also be stayed or
00:49taking on an expedition to win NFT boosters. Different expeditions have different zoo prices
00:55and the higher an expedition costs the more likely the player is to win an NFT booster. So that's
01:02one of those platforms. So if you're talking about yield generating sort of NFT lending platforms
01:09themselves we can look at a protocol such as these protocols that let you sort of if you're an NFT
01:18owner of course you can borrow against your NFT as collateral and lenders have the opportunity to
01:23earn a yield on someone else's NFT and potentially buy it at a low market value. So NFTX is a platform
01:30that actually creates liquid markets for NFTs which are considered liquid assets. So users deposit NFTs
01:38into an NFTX vault and receive ERC20 tokens called V tokens. The V tokens are used as a claim on a random
01:47more specific NFT from the vault. For example a user can deposit a crypto punk and receive an ERC20
01:54V token in return. They can then redeem the V token for a specific punk not necessarily for the one they
02:01deposited or a random one for a 1% discount. So V tokens can then be staked to earn rewards. NFTX aims for
02:09better distribution and price discovery process for NFTs as well. Currently NFTs are liquid and even a
02:16valuable NFTs can also be liquidated quickly if they are underpriced. By depositing an NFT into an NFTX vault
02:23users can instantly access the NFT's liquidity by selling the V token on a DEX or stake their tokens
02:31to earn a yield on their NFT. So there's also an option to yield by owning sort of a fraction of the NFT
02:38and investors can also buy a fraction of a crypto punk and stake a claim in the punk ETH liquidity pool
02:44if they want to earn an attractive yield. Another one of those platforms we're also going to look at is
02:51NFT5 which is a P2P lending platform where you as an NFT owner can collateralize your tokens and borrow
02:59repped ETH or die against them. So although you know it has no token on its own NFT5 they have actually
03:06accumulated over 150 million in loan volume and over 8,000 loans so they are quite a big play in this
03:14market. We have a full review of NFT5 on our main site go check that out. Another one is BendDAO which
03:21is a peer-to-peer lending protocol as well borrowers are able to provide their NFTs as collateral to a
03:29liquidity pool and they can borrow it in return so that's BendDAO. I might do a separate video on this
03:35as well. Arcade is another one of those platforms it's a peer-to-peer lending platform that works
03:40similarly to NFT5. NFT owners can wrap their NFTs and create a loan request with the individual terms
03:48and loan durations and lenders can also counter offer or accept the platform and the platform can
03:56set no maximum loan to value APR so that's another one and then JPEG is another one another peer-to-peer
04:04lending protocol as well I'll look at that and you also want to look at ApeSwap is another one of those
04:10so I'll leave the names to these projects in the description let me know what are the projects you've
04:15looked at that are sort of innovating in this NFT space in terms of allowing users and holders to
04:22actually generate yield on the NFTs otherwise check out links in the description to my books
04:26tokenized trillions blockchain applied don't forget to check out our main site decentralized.news and
04:31also like share subscribe turn on that notification bell I'll see you in the next video peace
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