Cross-chain NFT & Flashloan

Flashloans gave to the DeFi ecosystem infinite use cases and we’re excited to see what builders create on top of this feature in the NFT landscape.

NFT Flashloans

On DemodyNFT you will be able to take out a flash loan on any of the pools and use any of the NFTs locked in our platform.

Pool

Anyone with an NFT can create a new pool or add his NFT to an existing pool and get ERC20 Token derivatives of their NFTs in a permission-less way, those tokens can be transferred and traded on Demodyfi right away. You can also swap your NFT for another NFT of the same pool, without the restriction to tokenize.

Use cases

In this section we’ll describe how various actors of the NFT ecosystem can make use of DemodyNFT:

NFT holders: Collectors of any project can easily deposit their items in exchange for the associated tokens to get instant value and liquidity for their NFTs. DemodyNFT is an ideal way to collect NFTs themselves, as the volume and liquidity guarantees a fair price for both sellers and buyers.

NFT creators: NFT project developers can create or support the pool for their NFT project on DemodyNFT as well. Having a healthy pool with good liquidity on a DEX enables your users to easily trade their items together and allows newcomers to get items at a fair price. The pool can also be used as a sale mechanism for NFT projects while the pair is incentivized to get high liquidity.

NFT investors: Having access to tokenized derivatives of an NFT project enables generic investors to speculate on the price of a collection without having to worry about identifying and buying individual items, as these operations can become pretty difficult. This attempts to address one of the outstanding problems in NFT investing: getting general price exposure to NFT ecosystems.

Add your project

NFT project developers can create or support the pool for their NFT project. Having a healthy pool with good liquidity on the Demody DEX enables their users to easily trade their items together, and for newcomers to get their items at a fair price. The pool can also be used as a sale mechanism for NFT projects while the pair is incentived to get high liquidity.

NFT projects featured on Demodyfi will add a use case for your NFTs, users will be able to buy and sell their NFTs in a more liquid way as well as creating arbitrage opportunities on other second hand markets where you can capture fees.

Governance update for NFT will follow soon.