How NFT Finance Works Before Blur Launched

Blur became the largest NFT lending protocol by volume and also by user share within 24 hours. The typical APY that you could earn in the NFT finance space was around like 20 to 30%. That's on ETH, which is much higher than the yield that you normally get in DeFi. But basically the natural yield for lenders is already quite high. And so lenders would provide these loans because they can based on their risk tolerances,. They can earn a nice yield on their ETH that's much higher than they can get and traditionally DeFi.

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