Wormhole Frens — Unlockd

1. What is Unlockd?

2. Wormhole x Unlockd integration

  1. Within the dApp, users lock their NFT on the source chain
  2. The tokenized representation of the NFT is sent to Ethereum, where the smart contract will recognize the asset as eligible collateral
  3. Unlockd then obtains a valuation from their appraisal partners to offer loans up to 85% LTV
  4. The Borrower can request a loan against their bridged NFTs (used as collateral), unlocking instant cross-chain liquidity

3. What’s next for Unlockd?

Want to find out more about Unlockd?

Let’s keep in touch

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Cross-chain interoperability protocol connecting high value blockchains

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Wormhole

Wormhole

Cross-chain interoperability protocol connecting high value blockchains

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