NFTFeed website is very confusing. I have been in the crypto industry full time since 2017 and I had to read the website multiple times to try to understand what is the use case here, and I'm still not sure.
Is it a platform that allow you to use NFT as collateral for a loan? From the information its not really a loan but you get a portion of the liquidity pool (LP) tokens, but why would any project allow this to happen? If you lock tokens into a LP it enables participants to swap between the two pairs, but what benefit for swapping does a NFT have? None... as far as I can think of.
What I would rather read as an explanation would be if you lock a pair of tokens on a LP, then you can use your LP tokens (which are a NFT) to stake on NFTFeed as collateral to get a loan on the future return of your LP tokens.
I think maybe I need to listen to a AMA of that project to understand. I think they need to revamp the copy of their website entirely to dumb it down otherwise it will be very difficult to attract any users except for a few hardcore individuals... it needs to have more mass appeal to attract the crowd. Show Less
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