Currently, DEFI protocols only provide loans against cash collateral. Soulbound NFTs can provide the lending facility in DEFI without cash collateral. Thus, crypto starts to get a share in the most profitable area of retail banking.
I have requested my soulbound NFT 💪 I could see the menu after I switched to pro on the Binance app. I paid 1 BUSD.
Posted Using LeoFinance Beta
Exactly! It may work as a new type of crypto ID for people unless they give up using the particular wallet or account.
I'll get my soulbound NFT ASAP ^^
Posted Using LeoFinance Beta