The Shared Pool
The emerging NFT collections will share the Shared Pool as the lending pool. All supported NFT collections in this pool share the same risk factor, lending ratio, liquidation factors, and other parameters.
Supported NFT
Kyoko's original Shared Pool will support NFTs from the following collections as collateral: Meebits, Moonbirds, Otherdeed for Otherside.
NFT collections supported in the community can be promoted to Shared Pools by DAO voting.
Risk
In Shared pools, your risks are as follow:
Smart contract issues
Systemic issues with the emerging NFT collections in this pool
Eligibility requirements
This proposal is to set up the Shared pool's NFT eligibility requirements through governance. When an NFT collection meets these requirements, it will be considered a potential Shared pool's NFT. And then DAO members can propose adding new Shared pool's NFTs as collateral on P2P NFT lending.
The following are the suggested eligibility requirements.
The floor price is over a certain amount of ETH;
The market cap is bigger than Floor Price * 10,00;
The number of items is bigger than 1,000;
The number of owners is bigger than 1,000;
The all-time Trading Volume is more than a certain volume of ETH;
The collection has been deployed for more than a certain number of days;
All-time Trading Volume: Total volume of NFT sales of the collection. Suspected wash trades excluded
Last updated