Did you know you can lend ADA to an NFT that is being used as collateral? Some of these NFTs have a high value regarding their potential sale value. Value can be unlocked by using it as collateral in a DeFi loan.
Users who want to earn interest for providing that ADA can do so via Fluid Tokens! Of course, there are some risks involved, such as users potentially not paying back their loans or the floor price of the NFTs dropping dramatically, but if managed correctly, there are some great opportunities for extra gains.