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26 July 2021

PleasrDAO Uses NFTs as Collateral for $3.5 Million Loan - Decrypt

PleasrDAO Uses NFTs as Collateral for $3.5 Million Loan - Decrypt


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PleasrDAO, an investment collective that’s spent the past few months snapping up multimillion-dollar NFTs, is putting its crypto assets to work as collateral for a $3.5 million loan.

The loan came from the Iron Bank, a crypto lending service that’s part of a DeFi protocol called Cream Finance.

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