JPEG'd (JPGD)

Protocol Information

JPEG'd is a decentralized lending protocol on the Ethereum blockchain that enables NFT holders to open collateralized debt positions (CDPs) using their NFTs as collateral. Users mint pETH or pUSD, native tokens of the protocol that are pegged to ETH and USD respectively via Curve pools, enabling users to effectively obtain leverage on their NFTs.

Category: NFT Lending

Token Information

Address:0xCE722f...a89Dd6

Methodology

Counts the floor value of all NFTs supplied in the protocol vaults

Competitors

Raises

• Total raised: 72m
• 2/23/2022 : ICO - Raised $72m at $240m valuation

Treasury