Introduction to Spice
Spice is a suite of DeFi protocols that help users access NFT finance products. By combining appraisal, lending, and cross-exchange aggregation, Spice aims to be the one-stop solution for users who want to gain access to a new avenue of yield from NFT-backed loans.
Spice is building the financial infrastructure for a permissionless and decentralized metaverse where NFTs represent the vast-majority of value. Spice will do this by bringing scaled liquidity solutions to NFT lending marketplace and by merging DeFi with NFTs. Our end goal is to increase economic efficiency and move towards proper alignment between market actors in the metaverse.
- 1.Prospective lenders seeking low-touch, optimized risk-adjusted yields can navigate to Spice’s DApp and connect their wallets.
- 2.Starting Jan 30th 2023, 555 Prologue NFT holders will be able to deposit funds into the Prologue Vault on Spice's platform for routing to loans across the NFT lending industry.
- 3.Some time after the launch of the Prologue Vault, the Flagship Vault will be launched on Spice's platform. This will be a public-access vault within which any lender can contribute capital and gain exposure to the NFT lending industry.
- 4.Upon initial deployment, all Spice lenders will gain access to dashboards that aggregate and summarize their loan exposure across marketplaces and loan pools in real time.