NFTs
Salvo Secures $1 Million for Prime NFT Lending Platform on Avalanche
Salvor, a peer-to-peer (P2P) NFT and memecoin lending platform, has joined the Avalanche Rush Program and received up to $1 million in $AVAX from the Avalanche Foundation.
Operating on the Avalanche C-Chain, Salvor offers a dynamic lending and borrowing offering Market where participants can use their NFTs and memecoins as collateral – increasing liquidity and financial flexibility across the Avalanche network.
The Avalanche Rush Program – a liquidity mining initiative active since 2021 – has significantly boosted Avalanche’s DeFi ecosystem by improving accessibility, decentralization, and cost efficiency.
Through this initiative, Salvor participants can earn points for tasks such as creating loan offers, lending and trading. These points can be exchanged for rewards in $AVAX or $ART token from Salvor.
Source: X (Save)
Salvor’s Expert Tactics on NFT Lending
Since launching in November 2022, Salvo, which hosts over 800 NFT collections – including renowned names like Dokyo, MadSkullz, and Chikn – has transitioned from an art-focused platform to a leading NFT trading and lending hub.
The platform simplifies lending by allowing users to secure $AVAX loans using their NFT assets as collateral, with lenders earning interest on short-term loans.
Additionally, Salvor streamlines trading with bulk shares of a transaction to save time and reduce gas fees, and includes a dedicated pool balance to manage bids, offers, and loans.
It also offers specific bidding for strategic control, lower interest rates for timely repayments to lower borrowing costs, and fungible token lending for diversified investment opportunities.
Every feature of Salvor is designed to improve the efficiency and flexibility of traders dealing with large volumes of digital assets.
Participation in the Avalanche Rush Program underscores your dedication to promoting NFT and memecoin trading and lending on the vibrant Avalanche network.
Get started today with Salvor’s innovative platform >> Here