Before adding a NFT to the NFT Vault for loans, Starfish will screen out NFTs that are not qualified as NFT collateral. To ensure the NFT will add more value than risk, only NFTs with a great reputation and significant community are considered.
At the beginning stage, Bored Ape Yacht Club, Doodles, Meebits, Cool Cats, CloneX and Azuki can be used as collateral for NFT loans on Ethereum network.
Whitelisted NFT collections are subject to change.
After StarfishDAO is formed, SEAN holders who have staked their SEAN to Starfish protocol would receive veSEAN as a voting right to vote on whitelisting new NFT projects cross-chains to receive loans.