NFT lending protocol JPEG'd announced the launch of its own synthetic Ethereum called $pETH, as well as $pETH borrowing and $pETH vaults. Users can now mint $pETH using their NFTs as collateral, then swap $pETH for other assets or provide liquidity on Curve. The interest of $pETH borrowing will be fixed at 15% APR.
DeFi
NFT
Lending
Ethereum
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