Taker Protocol Partners With Illuvium — Bow to the Deities!

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Habitually touted as the first AAA game on Ethereum, Illuvium looks to deliver a source of entertainment to both casual gamers and hardcore DeFi fans through a variety of collecting and trading features. The main goal of the game is to collect in-game items such as the creatures (NFTs) and shards (the items that hold the creatures). Capture the Illuvium creatures and purchase them with ETH. Then, bring them onto Taker and get loans as borrowers with the NFTs as the underlying collaterals.

In addition to borrowing, you can also join the lender side and participate in our INOs (Initial NFT Offerings) and other yield farming activities. We are also developing lending features that allow you to deposit your #ILV into the Taker protocol and earn interest when they are lent out. Interest rates for lenders are ~2x those of mainstream lending protocols.

While all Illuvium users explore the fantasy world RPG, they can enjoy #TKR bonuses when they join Taker Protocol. TKR is our governance token and you are invited to become members of our DAO governance.

Taker is dedicated to enhancing the NFT infrastructure on Polygon and Ethereum by providing liquidity solutions for NFTs. Hand-in-hand with Illuvium, we cannot wait to join their ecosystem. We are ready to save your NFTs from dead illiquidity!

What Does Taker DAO Do?

Taker DAO represents our community and will be managed by the TKR (Taker Protocol’s ecosystem token) holders, along with our Taker DAO investors. Taker values our community and aspires to become a truly decentralized application that embraces the spirit of blockchain. Below are some examples of what Taker DAO will be empowered to accomplish.

Taker DAO contains many different Curator DAOs (Sub-DAOs), each sub-DAO will manage their own whitelist and a floor price for any NFT on their whitelist if the borrower defaults on the loan. We believe that it is best to mitigate the risks for our lenders by carefully selecting the NFT assets that our community desires and trusts the most. Aligning the interest of the DAOs with that of the lenders, we will mitigate the risk exposure for the lenders and optimize the profits for the DAOs. Moreover, each sub-DAO will have its own funds and can choose to focus exclusively on a specific type of NFT assets. For example, it could be artworks-only or Metaverse-only.

Our Taker DAO investors will get dividends from the loan interests and reselling activities of NFTs.

About Illuvium

The world of Illuvium is populated by beings known as Illuvials, who can be captured by players that best them in combat and nurse them back to health. From then on, they become a loyal part of the player’s collection and can be used when battling other adventurers as part of Illuvium’s auto battler gameplay.

The game is a synthesis between an open-world exploration game and a PVP battle game. Players can devote their time exploring the stretches of the game world or building up their team of controlling beasts.

Although Illuvium has blockchain-based elements, it is more akin to a full-fledged video game. It’s accessed through a downloadable desktop app, but also has a range of supporting DeFi applications surrounding it — including a yield farm and decentralized exchange.

Players wander the Illuvium land battling Illuvials and other players, participating in quests and daily contests, and participating in its communal storyline. Throughout their journey, they collect Illuvials, which have a range of features that make them capricious in their rarity, utility, and desirability.

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About Taker Protocol

Taker is the first protocol to provide liquidity to the NFT market through a DAO. It is a multi-strategy, cross-chain lending protocol for lenders and borrowers to liquidate and rent all kinds of crypto assets, including financial papers, synthetic assets and more. Taker provides ensured liquidity via our LenderDAO infrastructure and extensions that could be integrated into NFT marketplaces.

Discord | Website | Twitter | Telegram

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Taker is an NFT financial infrastructure project, that aims to provide extended financial applications to NFT assets.

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Taker Protocol

Taker Protocol

Taker is an NFT financial infrastructure project, that aims to provide extended financial applications to NFT assets.

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