Article Summary, Automatically Generated By AI
Summary of Banx.gg
- Banx is a perpetual P2P NFT lending protocol on Solana.
- Aims to provide a “true DeFi” lending experience.
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Features:
- Perpetual loans with flexible loan values, interest rates, and repayment terms.
- Lenders benefit from attractive SOL APR, auto-compounding yield, and instant yield opportunities.
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Revenue distribution:
- 100% of revenue (fees + royalties) used to buy back $BANX from the market.
- Distributed to stakers.
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About Banx.gg: Empowering the Future of Gaming and Cryptocurrency
Banx stands as the pioneering perpetual P2P NFT lending protocol, exclusively built on the Solana blockchain.
Banx strives to deliver a genuinely decentralized finance (DeFi) lending experience, where borrowers intend to repay and lenders seek yield, distinguishing it from options trading, which often involves hedging, selling, and buying NFTs through high-risk loans, thereby circumventing royalties.
Perpetual loans empower NFT holders to borrow SOL for any desired duration, with the flexibility to customize loan values and interest rates according to their preferences, and the freedom to repay at their convenience.
Lenders reap the rewards of a compelling SOL APR, accompanied by the benefits of auto-compounding yields and instant access to yield-bearing opportunities, courtesy of refinancing active loans.
Banx allocates its entire revenue, comprising fees and royalties, to repurchase $BANX from the market, which is subsequently distributed to stakers.