{"id":79326,"date":"2023-05-25T15:16:23","date_gmt":"2023-05-25T12:16:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=79326"},"modified":"2025-09-11T10:23:23","modified_gmt":"2025-09-11T07:23:23","slug":"binance-enables-lending-secured-by-non-fungible-tokens","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-enables-lending-secured-by-non-fungible-tokens\/","title":{"rendered":"Binance Enables Lending Secured by Non-Fungible Tokens"},"content":{"rendered":"

Binance’s NFT marketplace has integrated<\/a> a feature enabling lending of cryptocurrencies against non-fungible tokens<\/a>.<\/p>\n

Currently, collateral available includes digital assets from the Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and Doodles collections.<\/p>\n

For now, NFT collateral can be borrowed only in Ethereum. Binance plans to expand the list of available collections and cryptocurrencies in the future.<\/p>\n

The current lending rate stands at 3.39% per year. The loan-to-value ratio ranges from 40% to 60%. Gas fees in Ethereum will not be charged.<\/p>\n

\"Snimok-ekrana-2023-05-25-v-14.55.50\"
Data: Binance NFT.<\/figcaption><\/figure>\n
\n

\u201cLoans will add a new form of liquidity for NFT holders, enabling them to participate in the market without having to sell their precious tokens,\u201d said Mayur Kamat, Binance Product Manager, in a comment to The Block<\/a>.<\/p>\n<\/blockquote>\n

In May, Binance announced<\/a> the integration Bitcoin Ordinals<\/a> with its marketplace in late May. According to the company\u2019s statement, the Bitcoin-based solution \u201coffers unique and innovative opportunities for creating non-fungible tokens.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance’s NFT marketplace has integrated a lending feature against non-fungible tokens.<\/p>\n","protected":false},"author":1,"featured_media":79327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1213],"class_list":["post-79326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=79326"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79326\/revisions"}],"predecessor-version":[{"id":79328,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/79326\/revisions\/79328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/79327"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=79326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=79326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=79326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}