Bland: A New Protocol for NFT Traders

Bland is a new protocol that's only being used by people who are going to be more risk-on and experimental. The perpetual nature of it means collectors can take out loans against their NFTs without having to worry about a liquidation unless the market conditions change. And we saw instances where literally like the collectors might have had enough ETH and could have repaid loan and actually wanted to repay loan, but they forgot. They didn't get the notification in time or something like that. So this is something where when you think about the dynamics of people in the space, it really trades with them.

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