Introducing Taker Protocol — an ecosystem to provide instant and deep liquidity to users who hold novel crypto assets
In short, we want to create a platform where borrowers can get loans quickly; lenders can provide liquidity easily. By using specialized DAOs, everyone can “design” and “participate” in a high liquidity NFT market.
🚩What is Taker’s Mission?
Taker provides deep liquidity via our CuratorDAO infrastructure and API extensions that could be integrated into NFT marketplaces.
🔍What is the problem Taker is trying to solve?
Over the past few months, NFTs have sent shockwaves throughout Art and Gaming. More and more people are discovering the huge opportunities in the NFT world, and many have become owners of their own NFTs.
Now what? Many NFT holders are simply setting aside their NFTs as collections or profile photos, due to the illiquid nature of this asset type. Currently, the only way to obtain liquidity is by selling their NFTs.
That doesn’t have to be the case — we want these NFTs to generate more value and enable liquidity for their holders. Let’s say you bought an NFT, e.g. a CryptoPunk. What if you could borrow liquid assets using your CryptoPunk as collateral? Liquidity providers can also earn interest from your loan. It’s a win-win and DeFi is helping us to make this happen.
However, there has not been a protocol that provides sustainable and instantaneous liquidity solutions for NFT holders (most lending protocols are P2P). There also lacks an efficient pricing mechanism for NFTs. Taker is here to solve these problems.
🕵️♀️How is Taker solving the problem?
Taker is the first protocol to provide pool-based solutions for NFTs. Made up of some biggest NFT collectors and well known NFT projects, Taker’s CuratorDAOs will redefine the way novel assets are priced, invested, and adopted. Taker will introduce liquidity into the NFT world at an unparalleled scale above and beyond existing solutions.
✅What have we done so far?
Over the past year, we have been building our platforms, establishing the CuratorDAO mechanism, Taker governance, and compatibility with Ethereum and Solana networks. We’ve also formed strategic partnerships with Aavegotchi, Illuvium, Zed Run, Polychain Monsters (Polkamon), and Solv.
In addition to that, we’ve closed our seed round to help continue our mission, with investments led by Electric Capital and joined by Dragonfly Capital, Spartan Group, The LAO, Sfermion, Ascensive Assets, Jenny Metaverse DAO, Quantstamp, SevenX, and Crasolum.
DeFi, metaverse, and Web3.0 have been growing exponentially in recent months. We have come a long way building the protocol and our community. We hope to provide a platform for NFT liquidity in this new and open internet, where people with the same interests and vision can gather together to own and design the Taker ecosystem. We are launching our testnet alpha release at the end of the month. Stay tuned and join our journey today!