Taker Protocol Reaches Strategic Partnership with Solv Protocol — Now Supporting Financial NFTs!
We are very excited to announce that Taker now supports a new asset class — financial NFTs! Our partnership with Solv will provide users of both platforms with more freedom and flexibility to decide how you would like to finance your NFTs.
The partnership includes the following:
- An NFT airdrop — Taker will issue customized NFTs on Solv and distribute them to community members in September, 2021;
- More assets — Taker will provide liquidity for the assets(vouchers) on Solv; Vouchers are financial NFTs representing vesting tokens which have a certain value as collateral.
- A new Taker family member — Solv will join the Taker DAO and contribute liquidity.
Taker is dedicated to building the NFT infrastructure for users across chains. Together with Solv, we are confident that we can extend the boundary of NFT applications.
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 Solv
Solv Protocol is the decentralized platform for creating, managing and trading Financial NFTs. As its first Financial NFT product, Vesting Vouchers are fractionalized NFTs representing lock-up vesting tokens, thus releasing their liquidity and enabling financial scenarios such as fundraising, community building, and token liquidity management for crypto projects.
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 Lender DAO infrastructure and extensions that could be integrated into NFT marketplaces.
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