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SquiggleDAO and Zharta Make History With The Largest Squiggle Backed Loan

NFT Lending
DeFi
1 minute
·
Mar 26, 2024

We’re excited to announce that we’ve partnered once more with SquiggleDAO, this time to facilitate a historical 1M USDC loan – the largest Squiggle backed loan – against 11 of the Squiggles in their treasury, including a “full set” and the grail Hyper Bold.

This deal highlights Zharta’s belief in the intrinsic value of digital art and the historical and enduring value of Squiggles in particular. It is also a result of our belief in, and effort towards, a Web3 powered by collaboration and interoperability, where we take our greatest leaps forward when we build together.

We’ve worked to create a protocol that protects the borrower, offering stability even during times of market tribulation and following a philosophy we hope may, in time, help stabilize that very market. We’re grateful to see our work attract institutional-grade operations and are bullish that this will be just one of many notable loans.

Read the conjoint statement here.

Enter the

future

of

NFT finance.

Enter the

future

of

NFT finance.

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