3 ms·
> a lot of people are developing extra things you actually can do with them To be clear, the “thing” in this instance is NFT staking: a ponzi upon a ponzi wher
by sbierwagen 5y ago
> a lot of people are developing extra things you actually can do with them
To be clear, the “thing” in this instance is NFT staking: a ponzi upon a ponzi where you buy a NFT and then lend it to a platform, which pays you fees. Platforms can advertise ridiculous yields (200% APY) because deposits go right out the door again as fees to people higher up in the pyramid.
https://learn.bybit.com/defi/what-is-nft-staking/ https://learn.bybit.com/defi/what-is-nft-staking/