The NFT and DeFi worlds are trying to converge and take advantage of each other. Because of this, the yield farmers are now using NFTs as a new way to leverage digital assets through DeFi protocols. Many upcoming DeFi platforms are introducing innovative liquidity mining models where instead of farming rewards, liquidity providers are incentivized with illiquid NFT tokens. These tokens can then be wrapped into NFT collectibles and sold in the marketplaces.
Swan dao is going to incubate the promising NFT projects, help them through their development period and future growth. We will also focus on DeFi protocols for our NFT projects. So stay with us for more details in the future. Future of NFT Defi is here.