JPEG'd is an Ethereum-based decentralized lending protocol that allows holders of non-fungible tokens (NFTs) to open collateralized debt positions (CDPs) with their NFTs as collateral. Users mint PUSd, the protocol's native stablecoin, allowing them ...Moreto efficiently leverage their NFTs. The protocol will be run by JPEG, a governance token that will oversee, administer, and update protocol parameters. JPEG'd is permissionless, decentralized, and independent of any central authority. JPEG's goal is to bridge the gap between DeFi and NFTs, allowing any NFT collection, as determined by governance, to receive a line of credit on the protocol using their NFTs as collateral.
A quick snapshot of JPEG'd ROI (return on investment) over different time periods.
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Check the historical data and price changes on Coingecko.com
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Project announcements and news have a significant impact on the price. Below are live updates from JPEG'd's Twitter and Reddit accounts.
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