Forget about getting a loan with the floor price of your NFT's collection. The protocol can give you a loan or earn you yield from literally any NFT — ranging from the 1/1 you own to the NFT you've created.
Using Abacus Spot, the protocol finds the price for your specific NFT in real-time. Thus, your loan can be issued automatically, immediately, with no end date and a 100% LTV.
The protocol can invest the liquidity that comes from your NFT at a higher APY, earning you passive income from just owning the NFT. For creators, this also means that now they can get income without have to sell their work.
Gradient is a decentralized, NFT-based, non-custodial liquidity protocol, which allows Gradient to give risk-free loans and operate without a need for reserves or its own liquidity pools.
Based on Aave, Gradient counts with flash loans, a bridge, high-efficiency mode (E-Mode), as well as a highly-optimized capital structure.
If a position is liquidated, the NFT used as collateral is auctioned at a discount, allowing other individuals to capture rare, high-value NFTs at a cheaper price.
When is the launch?
Hopefully, in just a few weeks! The goal is to launch on testnet, have the community audit the project, and then deploy on mainnet. In parallel, we also plan to schedule a professional audit since the project could potentially handle a significant volume of financial assets and the complexity of the protocol is intricate.
Will there be a token?
There will be a governance token similar to Aave’s and Uniswap’s.
What's the current state of the project?
Currently, an early version of the smart contracts is finished, pending further testing. The implication is that the underlying conceptual logic of protocol has been validated, and the chunk of the remaining engineering work lies in developing the UX and peripherals.
Will the code be public?
Yes. The code will be open-source, publicly auditable, and open to contributions.
How can I become involved?
Hop on the Discord and join the discussion! There's space for you and value to create in every capacity, regardless of whether you are a developer or not.