Description
Icebreaker Finance aims to address liquidation risks in decentralized finance (DeFi) through a novel approach known as Subzero. This approach safeguards users' assets from extreme market volatility and poor debt management by using frozen NFTs as collateral. When a user's collateral value drops close to a liquidation threshold, Icebreaker freezes the collateral, converts it into an NFT, and then transfers it to a safe vault. This process is designed to protect the user's assets from being liquidated at the lowest possible value. Additionally, Icebreaker Finance introduces an innovative solution for borrowing against illiquid NFTs, providing liquidity to NFT owners without forcing the sale of their assets. This dual utility of protecting users from volatile market downturns and enabling liquidity for NFT holders positions Icebreaker Finance as a unique and valuable player in the DeFi and NFT sectors within the blockchain ecosystem.
Icebreaker Finance aims to address liquidation risks in decentralized finance (DeFi) through a novel approach known as Subzero. This approach safeguards users' assets from extreme market volatility and poor debt management by using frozen NFTs as collateral. When a user's collateral value drops close to a liquidation threshold, Icebreaker freezes the collateral, converts it into an NFT, and then transfers it to a safe vault. This process is designed to protect the user's assets from being liquidated at the lowest possible value. Additionally, Icebreaker Finance introduces an innovative solution for borrowing against illiquid NFTs, providing liquidity to NFT owners without forcing the sale of their assets. This dual utility of protecting users from volatile market downturns and enabling liquidity for NFT holders positions Icebreaker Finance as a unique and valuable player in the DeFi and NFT sectors within the blockchain ecosystem.
