- NFT are the new form of capital. Their utilisation as collateral in the DeFi ecosystem is desirable and inevitable.
- The recent launch of Fuse by Rari is an opportunity to put this capital to work.
Rari Capital, recently launched Fuse; an isolated interest rate market. In a nutshell: a market on which you can select autonomously the collateral supported and the risk framework associated.
I propose the creation of a NFTX market composed of the most liquid pools on Sushiswap. Selecting the more liquid asset is fundamental to providing Rari the certitude liquidation will be done at a competitive price. Based on the Aave risk framework, I provided those potential settings for the market. This needs to be challenged.
Link : NFTX x Fuse - Google Sheets
In addition to the evident benefits that getting leverage on NFT brings, this integration will
reaffirm the will of NFTX to build innovative, useful tools at the intersection of DeFi and NFT.
In the spectrum of what has been done with PieDAO, the partnership with RariCapital would be the occasion to communicate on the first solution to offer “NFT as collateral” while making those two dedicated communities closer.
I don’t see any difficulty in implementing this. Rari is waiting for a NFTX representant to contact them if the community wants to be part of the safeguarded launch of Fuse.