DefiLlama founder moves to NFT lending to tackle liquidity constraints By Cointelegraph

According to a recent Twitter post by 0xngmi, the anonymous creator of decentralized finance (DeFi) project aggregator DefiLlama, the smart contract code for a novel nonfungible tokens (NFT) borrowing and lending protocol dubbed “LlamaLend” is near completion. The protocol aims to solve the problem of NFT holders needing to obtain liquidity when holding their digital collectibles and primarily targets small NFT collections.

The project’s LlamaLend GitHub page explains: “If a holder needs liquid money because a good opportunity has appeared, all they can do [now] is just sell their NFTs.”